| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $968M | $1.1B | $1.0B | -9.8% | -4.5% |
| Op. Income | $128M | $102M | $166M | 26.0% | -23.1% |
| Gross Margin | 39.8% | 34.8% | 39.4% | 5.1pp | 0.4pp |
| Net Margin | 10.3% | 7.3% | 12.7% | 3.0pp | -2.4pp |
| EPS (Diluted) | $0.77 | $0.58 | $0.91 | 32.8% | -15.4% |
| Free Cash Flow | $241M | $149M | $217M | 61.7% | 11.0% |
| Item | Amount |
|---|---|
| REVENUE | $968M |
| Cost of Revenue | $583M |
| GROSS PROFIT | $386M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $258M |
| Operating Expenses | $258M |
| Cost & Expenses | $840M |
| OPERATING INCOME | $128M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $67M |
| EBIT | $152M |
| EBITDA | $219M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $968M |
| Cost of Revenue | $583M |
| GROSS PROFIT | $386M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $258M |
| Operating Expenses | $258M |
| Cost & Expenses | $840M |
| OPERATING INCOME | $128M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $67M |
| EBIT | $152M |
| EBITDA | $219M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $91M |
| Other Non-Cash Items | -$81M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $241M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$245M |
| Net Debt Issuance | $99M |
| Common Stock Repurchased | -$120M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $138M |
| NET CASH FROM FINANCING | $102M |
| FREE CASH FLOW | $241M |
| Net Change in Cash | $98M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $24.1B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | -$28.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $25.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$25.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $35.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$4.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $30.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $35.7B |
| Total Debt | $4.0B |
| Net Debt | $4.0B |
