| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $518M | $423M | $451M | 22.5% | 15.0% |
| Op. Income | $191M | $74M | $156M | 157.2% | 22.4% |
| Gross Margin | 91.0% | 85.9% | 93.7% | 5.1pp | -2.6pp |
| Net Margin | 29.7% | 13.5% | 26.5% | 16.2pp | 3.2pp |
| EPS (Diluted) | $14.74 | $5.46 | $10.56 | 170.0% | 39.6% |
| Free Cash Flow | $47M | -$9M | $49M | 608.4% | -2.7% |
| Item | Amount |
|---|---|
| REVENUE | $518M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $472M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $181M |
| SG&A Expenses | $181M |
| Other Expenses | $101M |
| Operating Expenses | $281M |
| Cost & Expenses | $328M |
| OPERATING INCOME | $191M |
| Interest Income | $363M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $149M |
| D&A | $33M |
| EBIT | $191M |
| EBITDA | $224M |
| EPS | $15 |
| EPS Diluted | $15 |
| Item | Amount |
|---|---|
| REVENUE | $518M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $472M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $181M |
| SG&A Expenses | $181M |
| Other Expenses | $101M |
| Operating Expenses | $281M |
| Cost & Expenses | $328M |
| OPERATING INCOME | $191M |
| Interest Income | $363M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $154M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $154M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $149M |
| D&A | $33M |
| EBIT | $191M |
| EBITDA | $224M |
| EPS | $15 |
| EPS Diluted | $15 |
| Item | Amount |
|---|---|
| Net Income | $154M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | -$76M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | -$59M |
| Purchases of Investments | -$3.9B |
| Sales/Maturities of Investments | $885M |
| Other Investing Activities | -$3.3B |
| NET CASH FROM INVESTING | -$6.4B |
| Net Debt Issuance | $58M |
| Common Stock Repurchased | -$127M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $6.3B |
| NET CASH FROM FINANCING | $6.2B |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $389M |
| Short-Term Investments | $11.7B |
| Net Receivables | $175M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $350M |
| Intangible Assets | $59M |
| Long-Term Investments | $33.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $717M |
| TOTAL NON-CURRENT ASSETS | $35.6B |
| TOTAL ASSETS | $47.9B |
| Account Payables | $0 |
| Short-Term Debt | $740M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41.5B |
| TOTAL CURRENT LIABILITIES | $42.2B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $397M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $43.9B |
| Common Stock | $10M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $47.9B |
| Total Debt | $2.0B |
| Net Debt | $1.6B |
