| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.8B | $7.5B | $9.1B | 4.3% | -14.2% |
| Op. Income | $1.3B | $1.0B | $1.8B | 28.8% | -25.2% |
| Gross Margin | 31.0% | 29.4% | 33.5% | 1.5pp | -2.6pp |
| Net Margin | 9.7% | 14.5% | 17.9% | -4.7pp | -8.2pp |
| EPS (Diluted) | $1.07 | $1.53 | $2.23 | -30.1% | -52.0% |
| Free Cash Flow | $758M | $1.3B | $1.3B | -39.5% | -40.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $20M |
| Interest Expense | $101M |
| Other Income/Expenses | -$163M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $367M |
| Net Income from Continuing Ops | $781M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $758M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $758M |
| D&A | $255M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.8B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $1.3B |
| Interest Income | $20M |
| Interest Expense | $101M |
| Other Income/Expenses | -$163M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $367M |
| Net Income from Continuing Ops | $781M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $758M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $758M |
| D&A | $255M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $758M |
| Depreciation & Amortization | $255M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | -$157M |
| Change in Working Capital | $123M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$249M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$858M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | -$164M |
| Common Dividends Paid | -$636M |
| Other Financing Activities | $52M |
| NET CASH FROM FINANCING | -$769M |
| FREE CASH FLOW | $758M |
| Net Change in Cash | $258M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.0B |
| Short-Term Investments | $972M |
| Net Receivables | $6.9B |
| Inventory | $4.7B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $28.2B |
| PP&E (Net) | $5.4B |
| Goodwill | $15.7B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $673M |
| Tax Assets | $154M |
| Other Non-Current Assets | $9.9B |
| TOTAL NON-CURRENT ASSETS | $35.3B |
| TOTAL ASSETS | $63.5B |
| Account Payables | $5.3B |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17.2B |
| Long-Term Debt | $17.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $8.8B |
| TOTAL NON-CURRENT LIABILITIES | $28.0B |
| TOTAL LIABILITIES | $45.1B |
| Common Stock | $958M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $39.2B |
| Treasury Stock | -$25.8B |
| Accum. Other Comp. Income | -$3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.1B |
| Minority Interest | $246M |
| TOTAL EQUITY | $18.3B |
| TOTAL LIABILITIES & EQUITY | $63.5B |
| Total Debt | $22.2B |
| Net Debt | $8.2B |
