| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | $3.3B | -0.8% | 10.2% |
| Op. Income | $470M | $540M | $396M | -12.8% | 18.9% |
| Gross Margin | 38.0% | 38.3% | 36.6% | -0.3pp | 1.5pp |
| Net Margin | 14.6% | 15.3% | 15.4% | -0.7pp | -0.7pp |
| EPS (Diluted) | $0.42 | $0.44 | $0.40 | -5.2% | 5.1% |
| Free Cash Flow | $1.1B | $2.1B | $348M | -47.9% | 217.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $731M |
| Other Expenses | $187M |
| Operating Expenses | $918M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $470M |
| Interest Income | $339M |
| Interest Expense | $149M |
| Other Income/Expenses | $294M |
| INCOME BEFORE TAX | $764M |
| Income Tax Expense | $224M |
| Net Income from Continuing Ops | $540M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $534M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $534M |
| D&A | $464M |
| EBIT | $584M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $731M |
| Other Expenses | $187M |
| Operating Expenses | $918M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $470M |
| Interest Income | $339M |
| Interest Expense | $149M |
| Other Income/Expenses | $294M |
| INCOME BEFORE TAX | $764M |
| Income Tax Expense | $224M |
| Net Income from Continuing Ops | $540M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $534M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $534M |
| D&A | $464M |
| EBIT | $584M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $534M |
| Depreciation & Amortization | $464M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $293M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$80M |
| Acquisitions (Net) | $221M |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$587M |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $495M |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | -$281M |
| Other Financing Activities | $470M |
| NET CASH FROM FINANCING | $601M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$557M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.7B |
| Short-Term Investments | $0 |
| Net Receivables | $31.3B |
| Inventory | $828M |
| Other Current Assets | $897M |
| TOTAL CURRENT ASSETS | $38.6B |
| PP&E (Net) | $5.3B |
| Goodwill | $2.7B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $17.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.9B |
| TOTAL NON-CURRENT ASSETS | $41.9B |
| TOTAL ASSETS | $80.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $25.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27.1B |
| TOTAL NON-CURRENT LIABILITIES | $54.4B |
| TOTAL LIABILITIES | $61.2B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $16.9B |
| Treasury Stock | -$559M |
| Accum. Other Comp. Income | -$489M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.9B |
| Minority Interest | $508M |
| TOTAL EQUITY | $19.4B |
| TOTAL LIABILITIES & EQUITY | $80.5B |
| Total Debt | $30.1B |
| Net Debt | $24.4B |
