| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.3B | $2.8B | 6.2% | -11.0% |
| Op. Income | $998M | $574M | $1.2B | 74.0% | -15.3% |
| Gross Margin | 43.4% | 43.3% | 44.6% | 0.1pp | -1.2pp |
| Net Margin | 28.9% | 17.0% | 31.2% | 11.9pp | -2.3pp |
| EPS (Diluted) | $1.01 | $0.56 | $1.21 | 79.2% | -16.9% |
| Free Cash Flow | $387M | $762M | $534M | -49.3% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$58M |
| SG&A Expenses | -$58M |
| Other Expenses | $141M |
| Operating Expenses | $83M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $998M |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $955M |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $720M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $720M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $720M |
| D&A | $286M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$58M |
| SG&A Expenses | -$58M |
| Other Expenses | $141M |
| Operating Expenses | $83M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $998M |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | $955M |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $720M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $720M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $720M |
| D&A | $286M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $720M |
| Depreciation & Amortization | $286M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $68M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$188M |
| OPERATING CASH FLOW | $892M |
| Capital Expenditure | -$505M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$528M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$298M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$428M |
| FREE CASH FLOW | $387M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $0 |
| Net Receivables | $840M |
| Inventory | $450M |
| Other Current Assets | $808M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $29.9B |
| Goodwill | $0 |
| Intangible Assets | $303M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $509M |
| TOTAL NON-CURRENT ASSETS | $30.7B |
| TOTAL ASSETS | $33.0B |
| Account Payables | $1.4B |
| Short-Term Debt | $637M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $177M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $9.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $16.7B |
| TOTAL LIABILITIES | $18.9B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $268M |
| Retained Earnings | $13.6B |
| Treasury Stock | -$84M |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $84M |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $33.0B |
| Total Debt | $10.3B |
| Net Debt | $10.1B |
