| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32.3B | $33.5B | $25.8B | -3.8% | 25.1% |
| Op. Income | $4.1B | $4.9B | $3.4B | -15.8% | 20.0% |
| Gross Margin | 33.6% | 34.2% | 33.9% | -0.6pp | -0.3pp |
| Net Margin | 8.9% | 10.2% | 9.6% | -1.4pp | -0.8pp |
| EPS (Diluted) | $2.65 | $3.18 | $2.28 | -16.7% | 16.2% |
| Free Cash Flow | $464M | $2.1B | $2.3B | -78.1% | -79.6% |
| Item | Amount |
|---|---|
| REVENUE | $32.3B |
| Cost of Revenue | $21.4B |
| GROSS PROFIT | $10.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $909M |
| General & Administrative | $5.3B |
| SG&A Expenses | $6.2B |
| Other Expenses | $561M |
| Operating Expenses | $6.7B |
| Cost & Expenses | $28.2B |
| OPERATING INCOME | $4.1B |
| Interest Income | $10M |
| Interest Expense | $337M |
| Other Income/Expenses | -$327M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $899M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $666M |
| EBIT | $4.1B |
| EBITDA | $4.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $32.3B |
| Cost of Revenue | $21.4B |
| GROSS PROFIT | $10.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $909M |
| General & Administrative | $5.3B |
| SG&A Expenses | $6.2B |
| Other Expenses | $561M |
| Operating Expenses | $6.7B |
| Cost & Expenses | $28.2B |
| OPERATING INCOME | $4.1B |
| Interest Income | $10M |
| Interest Expense | $337M |
| Other Income/Expenses | -$327M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $899M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $666M |
| EBIT | $4.1B |
| EBITDA | $4.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $666M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | -$483M |
| Other Non-Cash Items | $633M |
| Change in Working Capital | -$2.3B |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$960M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7.8B |
| NET CASH FROM INVESTING | -$8.7B |
| Net Debt Issuance | $1.9B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | $442M |
| FREE CASH FLOW | $464M |
| Net Change in Cash | -$6.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.9B |
| Short-Term Investments | $0 |
| Net Receivables | $3.0B |
| Inventory | $16.6B |
| Other Current Assets | $963M |
| TOTAL CURRENT ASSETS | $28.5B |
| PP&E (Net) | $30.7B |
| Goodwill | $7.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $305M |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $42.1B |
| TOTAL ASSETS | $70.6B |
| Account Payables | $11.6B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23.2B |
| Long-Term Debt | $35.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $44.1B |
| TOTAL LIABILITIES | $67.3B |
| Common Stock | $89M |
| Additional Paid-In Capital | $11.5B |
| Retained Earnings | $58.1B |
| Treasury Stock | -$65.8B |
| Accum. Other Comp. Income | -$671M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $70.6B |
| Total Debt | $43.4B |
| Net Debt | $35.5B |
