| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $5.8B | $6.3B | 8.3% | -0.6% |
| Op. Income | $976M | $473M | $822M | 106.2% | 18.7% |
| Gross Margin | 43.2% | 38.2% | 37.8% | 5.0pp | 5.5pp |
| Net Margin | 9.3% | 4.4% | -10.9% | 4.9pp | 20.2pp |
| EPS (Diluted) | $0.18 | $0.08 | $-0.21 | 128.2% | 184.4% |
| Free Cash Flow | $464M | $414M | $666M | 12.2% | -30.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $653M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $976M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $952M |
| Income Tax Expense | $347M |
| Net Income from Continuing Ops | $606M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $582M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $582M |
| D&A | $229M |
| EBIT | $959M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $653M |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $976M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $952M |
| Income Tax Expense | $347M |
| Net Income from Continuing Ops | $606M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $582M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $582M |
| D&A | $229M |
| EBIT | $959M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $582M |
| Depreciation & Amortization | $229M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $207M |
| Change in Working Capital | -$447M |
| OPERATING CASH FLOW | $571M |
| Capital Expenditure | -$107M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$88M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $464M |
| Net Change in Cash | $530M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $598M |
| Net Receivables | $7.4B |
| Inventory | $3.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.8B |
| PP&E (Net) | $2.4B |
| Goodwill | $3.3B |
| Intangible Assets | $654M |
| Long-Term Investments | $3.6B |
| Tax Assets | $3.2B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $29.9B |
| Account Payables | $3.3B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $3.2B |
| Other Current Liabilities | $5.0B |
| TOTAL CURRENT LIABILITIES | $13.3B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $119M |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $21.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $8.9B |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | -$37M |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $29.9B |
| Total Debt | $5.0B |
| Net Debt | -$256M |
