| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.6B | $18.1B | $18.0B | -3.1% | -2.6% |
| Op. Income | $2.4B | $2.2B | $1.9B | 9.0% | 25.2% |
| Gross Margin | 48.0% | 48.0% | 46.2% | -0.0pp | 1.8pp |
| Net Margin | 9.7% | 7.5% | 9.3% | 2.2pp | 0.4pp |
| EPS (Diluted) | $1.89 | $1.52 | $1.87 | 24.3% | 1.1% |
| Free Cash Flow | $3.4B | $2.8B | $2.9B | 19.3% | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $17.6B |
| Cost of Revenue | $9.1B |
| GROSS PROFIT | $8.4B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $361M |
| General & Administrative | $4.0B |
| SG&A Expenses | $4.4B |
| Other Expenses | $153M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $2.4B |
| Interest Income | $15M |
| Interest Expense | $323M |
| Other Income/Expenses | -$582M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $1.7B |
| EBIT | $2.1B |
| EBITDA | $3.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $17.6B |
| Cost of Revenue | $9.1B |
| GROSS PROFIT | $8.4B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $361M |
| General & Administrative | $4.0B |
| SG&A Expenses | $4.4B |
| Other Expenses | $153M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $15.2B |
| OPERATING INCOME | $2.4B |
| Interest Income | $15M |
| Interest Expense | $323M |
| Other Income/Expenses | -$582M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $1.7B |
| EBIT | $2.1B |
| EBITDA | $3.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $222M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$82M |
| Change in Working Capital | $764M |
| OPERATING CASH FLOW | $4.3B |
| Capital Expenditure | -$893M |
| Acquisitions (Net) | -$265M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | -$168M |
| NET CASH FROM INVESTING | -$332M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $3.4B |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.4B |
| Short-Term Investments | $1.2B |
| Net Receivables | $18.4B |
| Inventory | $1.9B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $39.8B |
| PP&E (Net) | $14.7B |
| Goodwill | $58.4B |
| Intangible Assets | $14.0B |
| Long-Term Investments | $1.9B |
| Tax Assets | $8.9B |
| Other Non-Current Assets | $16.5B |
| TOTAL NON-CURRENT ASSETS | $114.3B |
| TOTAL ASSETS | $154.1B |
| Account Payables | $4.0B |
| Short-Term Debt | $10.3B |
| Deferred Revenue | $11.7B |
| Other Current Liabilities | $3.6B |
| TOTAL CURRENT LIABILITIES | $38.0B |
| Long-Term Debt | $55.1B |
| Deferred Revenue NC | $3.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32.5B |
| TOTAL NON-CURRENT LIABILITIES | $94.8B |
| TOTAL LIABILITIES | $132.8B |
| Common Stock | $56.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $162.8B |
| Treasury Stock | -$169.4B |
| Accum. Other Comp. Income | -$28.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.2B |
| Minority Interest | $126M |
| TOTAL EQUITY | $21.3B |
| TOTAL LIABILITIES & EQUITY | $154.1B |
| Total Debt | $70.4B |
| Net Debt | $56.0B |
