| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.2B | $2.0B | 16.3% | 27.8% |
| Op. Income | $273M | $237M | $93M | 14.9% | 193.0% |
| Gross Margin | 16.4% | 16.5% | 11.1% | -0.1pp | 5.3pp |
| Net Margin | 9.3% | 8.5% | 5.1% | 0.8pp | 4.2pp |
| EPS (Diluted) | $6.07 | $4.77 | $2.56 | 27.3% | 137.1% |
| Free Cash Flow | $1.1B | $599M | $633M | 81.4% | 71.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $429M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $146M |
| Operating Expenses | $156M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $273M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $273M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $243M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $240M |
| D&A | $0 |
| EBIT | $279M |
| EBITDA | $279M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $429M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $146M |
| Operating Expenses | $156M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $273M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $273M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $243M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $240M |
| D&A | $0 |
| EBIT | $279M |
| EBITDA | $279M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $243M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | $916M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $36M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | -$62M |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $939M |
| Short-Term Investments | $19.1B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | -$25.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $20.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$20.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $30.2B |
| Account Payables | $365M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$492M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $711M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$711M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $20.6B |
| Common Stock | $696.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $10.6B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | $412M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $30.2B |
| Total Debt | $711M |
| Net Debt | -$228M |
