| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31.1B | $31.8B | $30.8B | -2.4% | 0.7% |
| Op. Income | $14.1B | $15.1B | $11.8B | -6.5% | 19.9% |
| Gross Margin | 100.4% | 102.9% | 92.9% | -2.5pp | 7.5pp |
| Net Margin | 37.6% | 37.5% | 30.6% | 0.1pp | 7.0pp |
| EPS (Diluted) | $3.74 | $3.78 | $2.92 | -1.1% | 28.1% |
| Free Cash Flow | $25.6B | $13.5B | -$14.7B | 89.3% | 274.4% |
| Item | Amount |
|---|---|
| REVENUE | $31.1B |
| Cost of Revenue | -$113M |
| GROSS PROFIT | $31.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $712M |
| General & Administrative | $9.1B |
| SG&A Expenses | $9.8B |
| Other Expenses | $7.3B |
| Operating Expenses | $17.1B |
| Cost & Expenses | $16.9B |
| OPERATING INCOME | $14.1B |
| Interest Income | $14.5B |
| Interest Expense | $1.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14.1B |
| Income Tax Expense | $2.4B |
| Net Income from Continuing Ops | $11.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11.2B |
| D&A | $1.9B |
| EBIT | $14.1B |
| EBITDA | $16.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $31.1B |
| Cost of Revenue | -$113M |
| GROSS PROFIT | $31.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $712M |
| General & Administrative | $9.1B |
| SG&A Expenses | $9.8B |
| Other Expenses | $7.3B |
| Operating Expenses | $17.1B |
| Cost & Expenses | $16.9B |
| OPERATING INCOME | $14.1B |
| Interest Income | $14.5B |
| Interest Expense | $1.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14.1B |
| Income Tax Expense | $2.4B |
| Net Income from Continuing Ops | $11.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11.2B |
| D&A | $1.9B |
| EBIT | $14.1B |
| EBITDA | $16.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $11.7B |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2.1B |
| Other Non-Cash Items | -$759M |
| Change in Working Capital | $14.7B |
| OPERATING CASH FLOW | $25.6B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83.8B |
| Sales/Maturities of Investments | $26.7B |
| Other Investing Activities | -$7.4B |
| NET CASH FROM INVESTING | -$64.6B |
| Net Debt Issuance | -$224M |
| Common Stock Repurchased | -$5.3B |
| Common Dividends Paid | -$3.2B |
| Other Financing Activities | $103.7B |
| NET CASH FROM FINANCING | $97.0B |
| FREE CASH FLOW | $25.6B |
| Net Change in Cash | $54.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $759.9B |
| Short-Term Investments | $238.0B |
| Net Receivables | $116.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1T |
| PP&E (Net) | $27.0B |
| Goodwill | $50.3B |
| Intangible Assets | $6.3B |
| Long-Term Investments | $1.4T |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2T |
| TOTAL NON-CURRENT ASSETS | $2.6T |
| TOTAL ASSETS | $3.8T |
| Account Payables | $268.6B |
| Short-Term Debt | $305.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5T |
| TOTAL CURRENT LIABILITIES | $2.9T |
| Long-Term Debt | $298.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $281.9B |
| TOTAL NON-CURRENT LIABILITIES | $580.3B |
| TOTAL LIABILITIES | $3.5T |
| Common Stock | $4.1B |
| Additional Paid-In Capital | $88.4B |
| Retained Earnings | $265.3B |
| Treasury Stock | -$103.5B |
| Accum. Other Comp. Income | $963M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $290.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $290.0B |
| TOTAL LIABILITIES & EQUITY | $3.8T |
| Total Debt | $603.8B |
| Net Debt | -$156.1B |
