| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.3B | $19.7B | $19.2B | -7.1% | -4.5% |
| Op. Income | $5.1B | $5.7B | $6.4B | -11.2% | -21.5% |
| Gross Margin | 53.1% | 53.3% | 58.9% | -0.1pp | -5.7pp |
| Net Margin | 23.3% | 25.9% | 31.2% | -2.6pp | -7.9pp |
| EPS (Diluted) | $1.02 | $1.19 | $1.35 | -14.3% | -24.4% |
| Free Cash Flow | $4.5B | $7.7B | $6.0B | -42.4% | -26.1% |
| Item | Amount |
|---|---|
| REVENUE | $18.3B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $9.7B |
| R&D Expenses | $3.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$25M |
| Operating Expenses | $4.7B |
| Cost & Expenses | $13.3B |
| OPERATING INCOME | $5.1B |
| Interest Income | $53M |
| Interest Expense | $160M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $765M |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $3.1B |
| EBIT | $5.0B |
| EBITDA | $8.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $18.3B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $9.7B |
| R&D Expenses | $3.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$25M |
| Operating Expenses | $4.7B |
| Cost & Expenses | $13.3B |
| OPERATING INCOME | $5.1B |
| Interest Income | $53M |
| Interest Expense | $160M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $765M |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $3.1B |
| EBIT | $5.0B |
| EBITDA | $8.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.3B |
| Depreciation & Amortization | $3.1B |
| Stock-Based Compensation | $452M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $341M |
| OPERATING CASH FLOW | $8.2B |
| Capital Expenditure | -$3.7B |
| Acquisitions (Net) | $153M |
| Purchases of Investments | -$5.1B |
| Sales/Maturities of Investments | $7.7B |
| Other Investing Activities | $193M |
| NET CASH FROM INVESTING | -$766M |
| Net Debt Issuance | -$1.8B |
| Common Stock Repurchased | -$10.0B |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | -$2.0B |
| NET CASH FROM FINANCING | -$12.8B |
| FREE CASH FLOW | $4.5B |
| Net Change in Cash | -$5.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $14.9B |
| Net Receivables | $7.1B |
| Inventory | $9.3B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $36.8B |
| PP&E (Net) | $59.2B |
| Goodwill | $27.0B |
| Intangible Assets | $9.9B |
| Long-Term Investments | $6.4B |
| Tax Assets | $3.0B |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $108.5B |
| TOTAL ASSETS | $145.3B |
| Account Payables | $5.2B |
| Short-Term Debt | $504M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.3B |
| TOTAL CURRENT LIABILITIES | $22.1B |
| Long-Term Debt | $36.1B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $3.0B |
| Other Non-Current Liabilities | $8.2B |
| TOTAL NON-CURRENT LIABILITIES | $48.6B |
| TOTAL LIABILITIES | $70.7B |
| Common Stock | $23.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $52.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$940M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $74.6B |
| TOTAL LIABILITIES & EQUITY | $145.3B |
| Total Debt | $36.6B |
| Net Debt | $33.2B |
