| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $794M | $633M | $907M | 25.4% | -12.5% |
| Op. Income | $162M | $96M | $308M | 68.8% | -47.4% |
| Gross Margin | 66.2% | 67.6% | 71.4% | -1.4pp | -5.2pp |
| Net Margin | 22.5% | 7.4% | 25.8% | 15.1pp | -3.3pp |
| EPS (Diluted) | $1.21 | $0.32 | $1.58 | 278.1% | -23.4% |
| Free Cash Flow | $105M | $201M | $218M | -47.8% | -51.8% |
| Item | Amount |
|---|---|
| REVENUE | $794M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $526M |
| R&D Expenses | $172M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $364M |
| Cost & Expenses | $632M |
| OPERATING INCOME | $162M |
| Interest Income | $5M |
| Interest Expense | $11M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $47M |
| EBIT | $226M |
| EBITDA | $273M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $794M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $526M |
| R&D Expenses | $172M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $364M |
| Cost & Expenses | $632M |
| OPERATING INCOME | $162M |
| Interest Income | $5M |
| Interest Expense | $11M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | $215M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $179M |
| D&A | $47M |
| EBIT | $226M |
| EBITDA | $273M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $179M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $153M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$215M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $105M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.6B |
| Net Receivables | $464M |
| Inventory | $415M |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $1.5B |
| Goodwill | $897M |
| Intangible Assets | $149M |
| Long-Term Investments | $395M |
| Tax Assets | $19M |
| Other Non-Current Assets | $160M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $156M |
| Short-Term Debt | $561M |
| Deferred Revenue | $154M |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $666M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $245M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $4.5B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $1.9B |
| Net Debt | $144M |
