| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | 2.8% | 8.1% |
| Op. Income | $250M | $232M | $227M | 8.0% | 10.1% |
| Gross Margin | 28.1% | 27.5% | 28.6% | 0.6pp | -0.5pp |
| Net Margin | 16.6% | 15.8% | 16.5% | 0.8pp | 0.2pp |
| EPS (Diluted) | $1.93 | $1.76 | $1.69 | 9.7% | 14.2% |
| Free Cash Flow | $385M | $301M | $322M | 28.0% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $883M |
| GROSS PROFIT | $346M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $24M |
| Operating Expenses | $96M |
| Cost & Expenses | $979M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $250M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $0 |
| EBIT | $271M |
| EBITDA | $271M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $883M |
| GROSS PROFIT | $346M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $24M |
| Operating Expenses | $96M |
| Cost & Expenses | $979M |
| OPERATING INCOME | $250M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $250M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $0 |
| EBIT | $271M |
| EBITDA | $271M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $194M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $398M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $48.0K |
| NET CASH FROM INVESTING | -$189M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$147M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $385M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $21.3B |
| Net Receivables | $474M |
| Inventory | $0 |
| Other Current Assets | -$21.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $186M |
| Goodwill | $442M |
| Intangible Assets | $0 |
| Long-Term Investments | $21.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$21.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $29.0B |
| Account Payables | $400M |
| Short-Term Debt | $255M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.5B |
| 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 | $20.3B |
| Common Stock | $113M |
| Additional Paid-In Capital | $527M |
| Retained Earnings | $5.9B |
| Treasury Stock | -$773M |
| Accum. Other Comp. Income | $3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $29.0B |
| Total Debt | $1.9B |
| Net Debt | $1.8B |
