| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $1.9B | -4.5% | -9.0% |
| Op. Income | $484M | $215M | $483M | 125.1% | 0.2% |
| Gross Margin | 84.1% | 64.3% | 71.7% | 19.7pp | 12.4pp |
| Net Margin | 24.4% | 10.2% | 21.6% | 14.2pp | 2.8pp |
| EPS (Diluted) | $0.41 | $0.17 | $0.39 | 141.2% | 5.1% |
| Free Cash Flow | $604M | $263M | $1.2B | 129.7% | -48.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $279M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $621M |
| SG&A Expenses | $643M |
| Other Expenses | $345M |
| Operating Expenses | $988M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $484M |
| Interest Income | $1.1B |
| Interest Expense | $119M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $484M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $424M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $428M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $26M |
| EBIT | $484M |
| EBITDA | $510M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $279M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $621M |
| SG&A Expenses | $643M |
| Other Expenses | $345M |
| Operating Expenses | $988M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $484M |
| Interest Income | $1.1B |
| Interest Expense | $119M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $484M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $424M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $0 |
| NET INCOME | $428M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $26M |
| EBIT | $484M |
| EBITDA | $510M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $428M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$69M |
| Other Non-Cash Items | $301M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $622M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.2B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $2.9B |
| NET CASH FROM INVESTING | $201M |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$207M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | -$926M |
| FREE CASH FLOW | $604M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $956M |
| Short-Term Investments | $19.4B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.7B |
| PP&E (Net) | $765M |
| Goodwill | $2.7B |
| Intangible Assets | $203M |
| Long-Term Investments | $130.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.1B |
| TOTAL NON-CURRENT ASSETS | $145.8B |
| TOTAL ASSETS | $170.5B |
| Account Payables | $0 |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $136.7B |
| TOTAL CURRENT LIABILITIES | $140.1B |
| Long-Term Debt | $12.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$12.8B |
| TOTAL NON-CURRENT LIABILITIES | $12.7B |
| TOTAL LIABILITIES | $152.8B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $12.4B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | $867M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.7B |
| TOTAL LIABILITIES & EQUITY | $170.5B |
| Total Debt | $13.7B |
| Net Debt | $12.8B |
