| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $432M | $439M | $471M | -1.6% | -8.3% |
| Op. Income | $154M | $141M | $132M | 9.2% | 16.5% |
| Gross Margin | 65.5% | 60.1% | 52.6% | 5.4pp | 12.9pp |
| Net Margin | 26.9% | 23.9% | 21.0% | 2.9pp | 5.8pp |
| EPS (Diluted) | $0.69 | $0.62 | $0.58 | 11.3% | 19.0% |
| Free Cash Flow | $94M | $17M | $79M | 461.5% | 18.5% |
| Item | Amount |
|---|---|
| REVENUE | $432M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $283M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $105M |
| SG&A Expenses | $105M |
| Other Expenses | $24M |
| Operating Expenses | $129M |
| Cost & Expenses | $278M |
| OPERATING INCOME | $154M |
| Interest Income | $418M |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $5M |
| EBIT | $154M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $432M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $283M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $105M |
| SG&A Expenses | $105M |
| Other Expenses | $24M |
| Operating Expenses | $129M |
| Cost & Expenses | $278M |
| OPERATING INCOME | $154M |
| Interest Income | $418M |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $154M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $5M |
| EBIT | $154M |
| EBITDA | $159M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $116M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$69M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$738M |
| Sales/Maturities of Investments | $677M |
| Other Investing Activities | -$542M |
| NET CASH FROM INVESTING | -$603M |
| Net Debt Issuance | $674M |
| Common Stock Repurchased | -$289.0K |
| Common Dividends Paid | -$78M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | $563M |
| FREE CASH FLOW | $94M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $3.9B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $561M |
| Goodwill | $2.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $41.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.8B |
| TOTAL NON-CURRENT ASSETS | $47.8B |
| TOTAL ASSETS | $54.9B |
| Account Payables | $0 |
| Short-Term Debt | $800M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.7B |
| TOTAL CURRENT LIABILITIES | $32.5B |
| Long-Term Debt | $14.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $537M |
| TOTAL NON-CURRENT LIABILITIES | $15.7B |
| TOTAL LIABILITIES | $48.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $392M |
| Treasury Stock | -$258M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $54.9B |
| Total Debt | $16.0B |
| Net Debt | $14.5B |
