| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $321M | $271M | $465M | 18.6% | -31.0% |
| Op. Income | $139M | $135M | $341M | 3.4% | -59.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 28.4% | 30.7% | 49.7% | -2.3pp | -21.3pp |
| EPS (Diluted) | $0.14 | $0.13 | $0.36 | 10.0% | -61.7% |
| Free Cash Flow | -$134M | $790M | $24M | -117.0% | -652.3% |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $321M |
| R&D Expenses | $145M |
| Selling & Marketing | $0 |
| General & Administrative | $36M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $182M |
| OPERATING INCOME | $139M |
| Interest Income | $9M |
| Interest Expense | $470.7K |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $9M |
| EBIT | $87M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $321M |
| R&D Expenses | $145M |
| Selling & Marketing | $0 |
| General & Administrative | $36M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $182M |
| OPERATING INCOME | $139M |
| Interest Income | $9M |
| Interest Expense | $470.7K |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $9M |
| EBIT | $87M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$77M |
| Change in Working Capital | -$185M |
| OPERATING CASH FLOW | -$125M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$103M |
| NET CASH FROM INVESTING | -$112M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$941.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$134M |
| Net Change in Cash | -$256M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.4B |
| Net Receivables | $386M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $115M |
| Goodwill | $0 |
| Intangible Assets | $53M |
| Long-Term Investments | $170M |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $369M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $190M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $317M |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $50M |
| Net Debt | -$1.1B |
