| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30.8B | $35.3B | $36.2B | -12.7% | -14.8% |
| Op. Income | $11.8B | $5.7B | $11.4B | 107.9% | 3.2% |
| Gross Margin | 92.9% | 64.0% | 76.8% | 28.9pp | 16.1pp |
| Net Margin | 30.6% | 13.3% | 25.1% | 17.3pp | 5.5pp |
| EPS (Diluted) | $2.92 | $1.38 | $2.68 | 111.6% | 9.0% |
| Free Cash Flow | -$14.7B | $82.9B | $16.0B | -117.7% | -191.7% |
| Item | Amount |
|---|---|
| REVENUE | $30.8B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $28.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $470M |
| General & Administrative | $8.6B |
| SG&A Expenses | $9.1B |
| Other Expenses | $7.8B |
| Operating Expenses | $16.9B |
| Cost & Expenses | $19.1B |
| OPERATING INCOME | $11.8B |
| Interest Income | $14.7B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11.8B |
| Income Tax Expense | $2.3B |
| Net Income from Continuing Ops | $9.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9.0B |
| D&A | $2.1B |
| EBIT | $11.8B |
| EBITDA | $13.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $30.8B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $28.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $470M |
| General & Administrative | $8.6B |
| SG&A Expenses | $9.1B |
| Other Expenses | $7.8B |
| Operating Expenses | $16.9B |
| Cost & Expenses | $19.1B |
| OPERATING INCOME | $11.8B |
| Interest Income | $14.7B |
| Interest Expense | $1.7B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11.8B |
| Income Tax Expense | $2.3B |
| Net Income from Continuing Ops | $9.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9.0B |
| D&A | $2.1B |
| EBIT | $11.8B |
| EBITDA | $13.9B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $9.4B |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$482M |
| Other Non-Cash Items | $3.4B |
| Change in Working Capital | -$29.2B |
| OPERATING CASH FLOW | -$14.7B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39.1B |
| Sales/Maturities of Investments | $66.9B |
| Other Investing Activities | -$42.6B |
| NET CASH FROM INVESTING | -$14.7B |
| Net Debt Issuance | -$47.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3.2B |
| Other Financing Activities | $69.5B |
| NET CASH FROM FINANCING | $19.3B |
| FREE CASH FLOW | -$14.7B |
| Net Change in Cash | -$6.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $487.5B |
| Short-Term Investments | $355.3B |
| Net Receivables | $76.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $919.8B |
| PP&E (Net) | $26.7B |
| Goodwill | $47.8B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $1.1T |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1T |
| TOTAL NON-CURRENT ASSETS | $2.3T |
| TOTAL ASSETS | $3.2T |
| Account Payables | $234.3B |
| Short-Term Debt | $278.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1T |
| TOTAL CURRENT LIABILITIES | $2.4T |
| Long-Term Debt | $279.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $253.4B |
| TOTAL NON-CURRENT LIABILITIES | $532.6B |
| TOTAL LIABILITIES | $3.0T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $88.3B |
| Retained Earnings | $228.0B |
| Treasury Stock | -$88.3B |
| Accum. Other Comp. Income | $8.9B |
| Other Equity | -$11M |
| TOTAL STOCKHOLDERS' EQUITY | $271.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $271.1B |
| TOTAL LIABILITIES & EQUITY | $3.2T |
| Total Debt | $557.6B |
| Net Debt | $70.1B |
