| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 1.3% | 4.8% |
| Op. Income | $232M | $212M | $247M | 9.1% | -6.4% |
| Gross Margin | 27.5% | 26.1% | 30.1% | 1.5pp | -2.5pp |
| Net Margin | 15.8% | 14.7% | 17.7% | 1.1pp | -1.9pp |
| EPS (Diluted) | $1.76 | $1.62 | $1.82 | 8.6% | -3.3% |
| Free Cash Flow | $301M | $415M | $335M | -27.5% | -10.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $866M |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $25M |
| Operating Expenses | $98M |
| Cost & Expenses | $964M |
| OPERATING INCOME | $232M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $0 |
| EBIT | $253M |
| EBITDA | $253M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $866M |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $25M |
| Operating Expenses | $98M |
| Cost & Expenses | $964M |
| OPERATING INCOME | $232M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $43M |
| Net Income from Continuing Ops | $189M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $189M |
| D&A | $0 |
| EBIT | $253M |
| EBITDA | $253M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $189M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $120M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $309M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$139M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$157M |
| Common Stock Repurchased | -$130M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$309M |
| FREE CASH FLOW | $301M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $20.5B |
| Net Receivables | $458M |
| Inventory | $0 |
| Other Current Assets | -$21.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $442M |
| Intangible Assets | $0 |
| Long-Term Investments | $20.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$21.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $28.0B |
| Account Payables | $367M |
| Short-Term Debt | $280M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.3B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $19.8B |
| Common Stock | $117M |
| Additional Paid-In Capital | $537M |
| Retained Earnings | $6.0B |
| Treasury Stock | -$982M |
| Accum. Other Comp. Income | $2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $28.0B |
| Total Debt | $1.9B |
| Net Debt | $1.9B |
