| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.2B | $11.8B | $8.7B | -4.8% | 29.2% |
| Op. Income | $2.1B | $2.3B | $1.3B | -9.6% | 58.0% |
| Gross Margin | 32.6% | 32.9% | 32.9% | -0.2pp | -0.3pp |
| Net Margin | 14.8% | 15.2% | 9.3% | -0.3pp | 5.5pp |
| EPS (Diluted) | $5.32 | $5.68 | $2.57 | -6.3% | 107.0% |
| Free Cash Flow | $1.9B | $1.0B | $2.8B | 89.7% | -31.2% |
| Item | Amount |
|---|---|
| REVENUE | $11.2B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $394M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $841M |
| Other Expenses | $324M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $244M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $491M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $515M |
| EBIT | $2.4B |
| EBITDA | $2.9B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $11.2B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $394M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $841M |
| Other Expenses | $324M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $244M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $491M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $515M |
| EBIT | $2.4B |
| EBITDA | $2.9B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $515M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$58M |
| Other Non-Cash Items | -$94M |
| Change in Working Capital | $478M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$618M |
| Acquisitions (Net) | $499M |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $612M |
| Common Stock Repurchased | -$736M |
| Common Dividends Paid | -$281M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$410M |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $358M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $688M |
| Net Receivables | $43.8B |
| Inventory | $6.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $58.4B |
| PP&E (Net) | $12.6B |
| Goodwill | $3.1B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $188M |
| Tax Assets | $1.8B |
| Other Non-Current Assets | $3.3B |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $80.7B |
| Account Payables | $11.1B |
| Short-Term Debt | $15.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26.9B |
| Long-Term Debt | $32.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $515M |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $38.1B |
| TOTAL LIABILITIES | $65.0B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $35.5B |
| Treasury Stock | -$19.8B |
| Accum. Other Comp. Income | -$5.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.7B |
| Minority Interest | $2M |
| TOTAL EQUITY | $15.7B |
| TOTAL LIABILITIES & EQUITY | $80.7B |
| Total Debt | $48.0B |
| Net Debt | $40.4B |
