| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $374M | $362M | $374M | 3.3% | 0.1% |
| Op. Income | $159M | $59M | $111M | 168.9% | 43.3% |
| Gross Margin | 93.2% | 66.5% | 78.7% | 26.7pp | 14.5pp |
| Net Margin | 33.4% | 14.6% | 22.6% | 18.8pp | 10.8pp |
| EPS (Diluted) | $0.57 | $0.24 | $0.38 | 137.5% | 50.0% |
| Free Cash Flow | $61M | -$31M | $37M | 296.0% | 64.3% |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $139M |
| SG&A Expenses | $141M |
| Other Expenses | $49M |
| Operating Expenses | $190M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $159M |
| Interest Income | $242M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $8M |
| EBIT | $159M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $139M |
| SG&A Expenses | $141M |
| Other Expenses | $49M |
| Operating Expenses | $190M |
| Cost & Expenses | $216M |
| OPERATING INCOME | $159M |
| Interest Income | $242M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $8M |
| EBIT | $159M |
| EBITDA | $167M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$105M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$81M |
| Purchases of Investments | -$242M |
| Sales/Maturities of Investments | $203M |
| Other Investing Activities | $246M |
| NET CASH FROM INVESTING | $124M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$17.0K |
| Common Dividends Paid | -$46M |
| Other Financing Activities | -$85M |
| NET CASH FROM FINANCING | -$231M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $2.9B |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $292M |
| Goodwill | $3M |
| Intangible Assets | $108M |
| Long-Term Investments | $21.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $29.4B |
| Account Payables | $0 |
| Short-Term Debt | $388M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.7B |
| TOTAL CURRENT LIABILITIES | $25.1B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $308M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $26.8B |
| Common Stock | $3.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $135M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $29.4B |
| Total Debt | $1.8B |
| Net Debt | -$384M |
