| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.8B | — | 12.9% | — |
| Op. Income | $627M | $617M | — | 1.8% | — |
| Gross Margin | 46.6% | 49.0% | — | -2.3pp | — |
| Net Margin | 15.0% | 16.8% | — | -1.8pp | — |
| EPS (Diluted) | $1.11 | $1.07 | — | 3.7% | — |
| Free Cash Flow | $738M | $1.1B | — | -34.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $961M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $294M |
| Other Expenses | $39M |
| Operating Expenses | $333M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $627M |
| Interest Income | $0 |
| Interest Expense | $200M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $422M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $308M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $39M |
| EBIT | $621M |
| EBITDA | $660M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $961M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $294M |
| Other Expenses | $39M |
| Operating Expenses | $333M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $627M |
| Interest Income | $0 |
| Interest Expense | $200M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $422M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $308M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $309M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $39M |
| EBIT | $621M |
| EBITDA | $660M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $308M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $444M |
| OPERATING CASH FLOW | $768M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $180M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$148M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$272M |
| Common Stock Repurchased | -$193M |
| Common Dividends Paid | -$38M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$502M |
| FREE CASH FLOW | $738M |
| Net Change in Cash | $267M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $0 |
| Net Receivables | $6.6B |
| Inventory | $0 |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $18.0B |
| PP&E (Net) | $897M |
| Goodwill | $1.7B |
| Intangible Assets | $167M |
| Long-Term Investments | $30.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $35.2B |
| TOTAL ASSETS | $53.1B |
| Account Payables | $10.4B |
| Short-Term Debt | $9.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19.5B |
| Long-Term Debt | $10.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13.4B |
| TOTAL NON-CURRENT LIABILITIES | $24.2B |
| TOTAL LIABILITIES | $43.5B |
| Common Stock | $250M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $6.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$289M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $59M |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $53.1B |
| Total Debt | $19.8B |
| Net Debt | $10.8B |
