| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $6.3B | $5.7B | -1.6% | 7.5% |
| Op. Income | $466M | $375M | $358M | 24.2% | 29.9% |
| Gross Margin | 31.2% | 30.5% | 29.7% | 0.6pp | 1.5pp |
| Net Margin | 5.3% | 4.2% | 4.5% | 1.2pp | 0.9pp |
| EPS (Diluted) | $1.39 | $1.10 | $1.08 | 26.4% | 28.7% |
| Free Cash Flow | $60M | $243M | -$110M | -75.2% | 155.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $466M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $330M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $330M |
| D&A | $170M |
| EBIT | $465M |
| EBITDA | $636M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $466M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $427M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $330M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $330M |
| D&A | $170M |
| EBIT | $465M |
| EBITDA | $636M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $330M |
| Depreciation & Amortization | $170M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$259M |
| OPERATING CASH FLOW | $297M |
| Capital Expenditure | -$236M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$236M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$194M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$692M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | -$632M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $3.8B |
| Other Current Assets | $260M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $10.3B |
| Goodwill | $2.0B |
| Intangible Assets | $3.1B |
| Long-Term Investments | $0 |
| Tax Assets | $23M |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $15.5B |
| TOTAL ASSETS | $20.7B |
| Account Payables | $1.6B |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $859M |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $418M |
| TOTAL NON-CURRENT LIABILITIES | $9.6B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $20.7B |
| Total Debt | $9.8B |
| Net Debt | $8.7B |
