| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $430M | $447M | $432M | -3.8% | -0.5% |
| Op. Income | $199M | $212M | $154M | -6.1% | 29.2% |
| Gross Margin | 77.7% | 78.5% | 65.5% | -0.8pp | 12.2pp |
| Net Margin | 34.7% | 34.0% | 26.9% | 0.6pp | 7.8pp |
| EPS (Diluted) | $0.89 | $0.91 | $0.69 | -2.2% | 29.0% |
| Free Cash Flow | $60M | -$112M | $94M | 153.6% | -36.2% |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $334M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $28M |
| Operating Expenses | $135M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $199M |
| Interest Income | $415M |
| Interest Expense | $97M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $5M |
| EBIT | $199M |
| EBITDA | $204M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $334M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $28M |
| Operating Expenses | $135M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $199M |
| Interest Income | $415M |
| Interest Expense | $97M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $5M |
| EBIT | $199M |
| EBITDA | $204M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $149M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$315M |
| Sales/Maturities of Investments | $468M |
| Other Investing Activities | -$107M |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$79M |
| Other Financing Activities | $444M |
| NET CASH FROM FINANCING | $330M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $436M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $4.7B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $526M |
| Goodwill | $2.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $41.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.2B |
| TOTAL NON-CURRENT ASSETS | $48.9B |
| TOTAL ASSETS | $57.9B |
| Account Payables | $0 |
| Short-Term Debt | $800M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.6B |
| TOTAL CURRENT LIABILITIES | $35.4B |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $616M |
| TOTAL NON-CURRENT LIABILITIES | $15.5B |
| TOTAL LIABILITIES | $50.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $678M |
| Treasury Stock | -$246M |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $57.9B |
| Total Debt | $15.7B |
| Net Debt | $13.2B |
