| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33.5B | $38.1B | $27.2B | -11.9% | 23.2% |
| Op. Income | $4.9B | $6.1B | $3.9B | -20.0% | 22.9% |
| Gross Margin | 34.2% | 34.0% | 34.5% | 0.2pp | -0.3pp |
| Net Margin | 10.2% | 11.4% | 10.2% | -1.2pp | 0.1pp |
| EPS (Diluted) | $3.18 | $4.02 | $2.53 | -20.9% | 25.7% |
| Free Cash Flow | $2.1B | $8.6B | $1.6B | -75.5% | 31.8% |
| Item | Amount |
|---|---|
| REVENUE | $33.5B |
| Cost of Revenue | $22.1B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.1B |
| Other Expenses | $528M |
| Operating Expenses | $6.6B |
| Cost & Expenses | $28.7B |
| OPERATING INCOME | $4.9B |
| Interest Income | $11M |
| Interest Expense | $340M |
| Other Income/Expenses | -$329M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $631M |
| EBIT | $4.9B |
| EBITDA | $5.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $33.5B |
| Cost of Revenue | $22.1B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.1B |
| Other Expenses | $528M |
| Operating Expenses | $6.6B |
| Cost & Expenses | $28.7B |
| OPERATING INCOME | $4.9B |
| Interest Income | $11M |
| Interest Expense | $340M |
| Other Income/Expenses | -$329M |
| INCOME BEFORE TAX | $4.5B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $631M |
| EBIT | $4.9B |
| EBITDA | $5.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $631M |
| Stock-Based Compensation | $79M |
| Deferred Income Tax | -$99M |
| Other Non-Cash Items | $128M |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$471M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | -$431M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $513M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $16.2B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $34.5B |
| PP&E (Net) | $29.3B |
| Goodwill | $2.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $897M |
| TOTAL NON-CURRENT ASSETS | $32.4B |
| TOTAL ASSETS | $66.9B |
| Account Payables | $12.9B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.4B |
| Long-Term Debt | $32.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $40.0B |
| TOTAL LIABILITIES | $65.4B |
| Common Stock | $89M |
| Additional Paid-In Capital | $11.3B |
| Retained Earnings | $56.9B |
| Treasury Stock | -$65.8B |
| Accum. Other Comp. Income | -$965M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $66.9B |
| Total Debt | $41.0B |
| Net Debt | $26.4B |
