| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $823M | $756M | $852M | 8.8% | -3.5% |
| Op. Income | $191M | $156M | $145M | 22.1% | 31.5% |
| Gross Margin | 56.6% | 52.3% | 52.2% | 4.3pp | 4.5pp |
| Net Margin | 16.8% | 12.7% | 11.0% | 4.0pp | 5.7pp |
| EPS (Diluted) | $0.53 | $0.36 | $0.35 | 47.2% | 51.4% |
| Free Cash Flow | $188M | $86M | $133M | 118.4% | 40.9% |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $357M |
| GROSS PROFIT | $466M |
| R&D Expenses | $55M |
| Selling & Marketing | $104M |
| General & Administrative | $105M |
| SG&A Expenses | $209M |
| Other Expenses | $11M |
| Operating Expenses | $275M |
| Cost & Expenses | $632M |
| OPERATING INCOME | $191M |
| Interest Income | $500.0K |
| Interest Expense | $27M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $94M |
| EBIT | $196M |
| EBITDA | $289M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $357M |
| GROSS PROFIT | $466M |
| R&D Expenses | $55M |
| Selling & Marketing | $104M |
| General & Administrative | $105M |
| SG&A Expenses | $209M |
| Other Expenses | $11M |
| Operating Expenses | $275M |
| Cost & Expenses | $632M |
| OPERATING INCOME | $191M |
| Interest Income | $500.0K |
| Interest Expense | $27M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $138M |
| D&A | $94M |
| EBIT | $196M |
| EBITDA | $289M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $138M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $223M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $490M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$732M |
| NET CASH FROM FINANCING | -$242M |
| FREE CASH FLOW | $188M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $744M |
| Short-Term Investments | $0 |
| Net Receivables | $728M |
| Inventory | $414M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $456M |
| Goodwill | $2.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $519M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $127M |
| Short-Term Debt | $566M |
| Deferred Revenue | $175M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $214M |
| Other Non-Current Liabilities | $223M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$2.1B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $4M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $3.3B |
| Net Debt | $2.6B |
