| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $953M | $794M | $952M | 20.0% | 0.1% |
| Op. Income | $133M | $162M | $268M | -17.9% | -50.4% |
| Gross Margin | 66.1% | 66.2% | 69.5% | -0.1pp | -3.4pp |
| Net Margin | 27.0% | 22.5% | 25.1% | 4.4pp | 1.9pp |
| EPS (Diluted) | $1.75 | $1.21 | $1.61 | 44.5% | 8.3% |
| Free Cash Flow | $344M | $105M | $386M | 227.6% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $953M |
| Cost of Revenue | $323M |
| GROSS PROFIT | $630M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $298M |
| Other Expenses | $0 |
| Operating Expenses | $497M |
| Cost & Expenses | $820M |
| OPERATING INCOME | $133M |
| Interest Income | $15M |
| Interest Expense | $16M |
| Other Income/Expenses | $166M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $50M |
| EBIT | $315M |
| EBITDA | $365M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $953M |
| Cost of Revenue | $323M |
| GROSS PROFIT | $630M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $298M |
| Other Expenses | $0 |
| Operating Expenses | $497M |
| Cost & Expenses | $820M |
| OPERATING INCOME | $133M |
| Interest Income | $15M |
| Interest Expense | $16M |
| Other Income/Expenses | $166M |
| INCOME BEFORE TAX | $299M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $257M |
| D&A | $50M |
| EBIT | $315M |
| EBITDA | $365M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $257M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $67M |
| Other Non-Cash Items | -$150M |
| Change in Working Capital | $104M |
| OPERATING CASH FLOW | $406M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$281M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$331M |
| FREE CASH FLOW | $344M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.7B |
| Net Receivables | $487M |
| Inventory | $372M |
| Other Current Assets | $152M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $897M |
| Intangible Assets | $142M |
| Long-Term Investments | $418M |
| Tax Assets | $20M |
| Other Non-Current Assets | $171M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $192M |
| Short-Term Debt | $562M |
| Deferred Revenue | $186M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $673M |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $259M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $1.9B |
| Net Debt | $96M |
