| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | 1.3% | 7.7% |
| Op. Income | $231M | $245M | $232M | -5.9% | -0.3% |
| Gross Margin | 26.5% | 27.2% | 27.5% | -0.7pp | -1.0pp |
| Net Margin | 14.7% | 15.7% | 15.8% | -1.0pp | -1.1pp |
| EPS (Diluted) | $1.84 | $1.92 | $1.76 | -4.2% | 4.5% |
| Free Cash Flow | $351M | $322M | $301M | 9.0% | 16.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $341M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $111M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $42M |
| 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 | $252M |
| EBITDA | $252M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $341M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $111M |
| Operating Expenses | $111M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $231M |
| Income Tax Expense | $42M |
| 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 | $252M |
| EBITDA | $252M |
| 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 | $169M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $358M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $203M |
| Other Investing Activities | -$59M |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | -$316M |
| Common Stock Repurchased | -$98M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$451M |
| FREE CASH FLOW | $351M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $21.3B |
| Net Receivables | $485M |
| Inventory | $0 |
| Other Current Assets | -$21.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $482M |
| Intangible Assets | $0 |
| Long-Term Investments | $21.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$21.7B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $29.5B |
| Account Payables | $396M |
| Short-Term Debt | $394M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $20.9B |
| Common Stock | $113M |
| Additional Paid-In Capital | $534M |
| Retained Earnings | $6.4B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | $2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $29.5B |
| Total Debt | $1.9B |
| Net Debt | $1.8B |
