| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.4B | -2.3% | -6.6% |
| Op. Income | $375M | $358M | $372M | 4.7% | 0.8% |
| Gross Margin | 87.9% | 80.9% | 77.6% | 7.0pp | 10.3pp |
| Net Margin | 24.5% | 22.9% | 22.9% | 1.5pp | 1.5pp |
| EPS (Diluted) | $0.27 | $0.27 | $0.28 | 0.0% | -3.6% |
| Free Cash Flow | $27M | $516M | $651M | -94.8% | -95.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $156M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $433M |
| SG&A Expenses | $448M |
| Other Expenses | $313M |
| Operating Expenses | $761M |
| Cost & Expenses | $917M |
| OPERATING INCOME | $375M |
| Interest Income | $878M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $375M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $109M |
| EBIT | $375M |
| EBITDA | $484M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $156M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $433M |
| SG&A Expenses | $448M |
| Other Expenses | $313M |
| Operating Expenses | $761M |
| Cost & Expenses | $917M |
| OPERATING INCOME | $375M |
| Interest Income | $878M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $375M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $109M |
| EBIT | $375M |
| EBITDA | $484M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $316M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $30M |
| Other Non-Cash Items | $104M |
| Change in Working Capital | -$512M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.0B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$368M |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | -$863M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$154M |
| Other Financing Activities | $3.8B |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $320M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $304M |
| Net Receivables | $2.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $757M |
| Goodwill | $2.0B |
| Intangible Assets | $428M |
| Long-Term Investments | $104.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.7B |
| TOTAL NON-CURRENT ASSETS | $113.9B |
| TOTAL ASSETS | $123.0B |
| Account Payables | $0 |
| Short-Term Debt | $183M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $98.9B |
| TOTAL CURRENT LIABILITIES | $99.1B |
| Long-Term Debt | $8.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $110.0B |
| Common Stock | $10M |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$59M |
| Accum. Other Comp. Income | $192M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.0B |
| TOTAL LIABILITIES & EQUITY | $123.0B |
| Total Debt | $8.5B |
| Net Debt | $1.8B |
