| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $483M | $518M | $456M | -6.8% | 5.9% |
| Op. Income | $179M | $191M | $160M | -6.3% | 11.5% |
| Gross Margin | 94.9% | 91.0% | 92.8% | 3.8pp | 2.0pp |
| Net Margin | 29.5% | 29.7% | 27.4% | -0.1pp | 2.2pp |
| EPS (Diluted) | $14.03 | $14.74 | $11.27 | -4.8% | 24.5% |
| Free Cash Flow | $80M | $47M | $145M | 68.2% | -45.1% |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $458M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $181M |
| SG&A Expenses | $181M |
| Other Expenses | $98M |
| Operating Expenses | $280M |
| Cost & Expenses | $304M |
| OPERATING INCOME | $179M |
| Interest Income | $374M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $33M |
| EBIT | $179M |
| EBITDA | $212M |
| EPS | $14 |
| EPS Diluted | $14 |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $458M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $181M |
| SG&A Expenses | $181M |
| Other Expenses | $98M |
| Operating Expenses | $280M |
| Cost & Expenses | $304M |
| OPERATING INCOME | $179M |
| Interest Income | $374M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $179M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $33M |
| EBIT | $179M |
| EBITDA | $212M |
| EPS | $14 |
| EPS Diluted | $14 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $115M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.0B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$377M |
| NET CASH FROM INVESTING | -$812M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $772M |
| NET CASH FROM FINANCING | $659M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $352M |
| Short-Term Investments | $12.2B |
| Net Receivables | $152M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $350M |
| Intangible Assets | $54M |
| Long-Term Investments | $33.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $763M |
| TOTAL NON-CURRENT ASSETS | $36.0B |
| TOTAL ASSETS | $48.7B |
| Account Payables | $0 |
| Short-Term Debt | $694M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42.3B |
| TOTAL CURRENT LIABILITIES | $42.9B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $396M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $44.6B |
| Common Stock | $10M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $48.7B |
| Total Debt | $1.9B |
| Net Debt | $1.6B |
