| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $9.1B | $9.9B | -4.1% | -11.7% |
| Op. Income | $1.3B | $1.1B | $1.3B | 22.2% | 2.1% |
| Gross Margin | 32.9% | 30.6% | 30.3% | 2.3pp | 2.6pp |
| Net Margin | 9.3% | 7.3% | 9.1% | 2.0pp | 0.2pp |
| EPS (Diluted) | $2.57 | $2.11 | $2.81 | 21.8% | -8.5% |
| Free Cash Flow | $2.8B | $671M | $1.1B | 313.7% | 153.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $370M |
| Selling & Marketing | $0 |
| General & Administrative | $752M |
| SG&A Expenses | $752M |
| Other Expenses | $408M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $290M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $457M |
| Net Income from Continuing Ops | $811M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $811M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $811M |
| D&A | $547M |
| EBIT | $1.6B |
| EBITDA | $2.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $370M |
| Selling & Marketing | $0 |
| General & Administrative | $752M |
| SG&A Expenses | $752M |
| Other Expenses | $408M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $290M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $457M |
| Net Income from Continuing Ops | $811M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $811M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $811M |
| D&A | $547M |
| EBIT | $1.6B |
| EBITDA | $2.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $811M |
| Depreciation & Amortization | $547M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$99M |
| Other Non-Cash Items | $53M |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$505M |
| Acquisitions (Net) | $412M |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$2.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$238M |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | -$703M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $640M |
| Net Receivables | $40.0B |
| Inventory | $5.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $54.5B |
| PP&E (Net) | $12.9B |
| Goodwill | $3.0B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $199M |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $77.3B |
| Account Payables | $9.6B |
| Short-Term Debt | $14.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24.1B |
| Long-Term Debt | $34.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $479M |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $40.3B |
| TOTAL LIABILITIES | $64.4B |
| Common Stock | $4.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $31.1B |
| Treasury Stock | -$17.7B |
| Accum. Other Comp. Income | -$5.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.9B |
| Minority Interest | $3M |
| TOTAL EQUITY | $12.9B |
| TOTAL LIABILITIES & EQUITY | $77.3B |
| Total Debt | $48.5B |
| Net Debt | $40.3B |
