| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.9B | 7.0% | -0.4% |
| Op. Income | $689M | $484M | $541M | 42.4% | 27.4% |
| Gross Margin | 94.1% | 84.1% | 77.9% | 10.1pp | 16.2pp |
| Net Margin | 31.1% | 24.4% | 24.9% | 6.6pp | 6.1pp |
| EPS (Diluted) | $0.57 | $0.41 | $0.45 | 39.0% | 26.7% |
| Free Cash Flow | $928M | $604M | $980M | 53.6% | -5.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $110M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $675M |
| SG&A Expenses | $705M |
| Other Expenses | $369M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $689M |
| Interest Income | $1.1B |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $689M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $575M |
| Net Income from Discontinued Ops | $7M |
| Other Adjustments | $0 |
| NET INCOME | $582M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $556M |
| D&A | -$1M |
| EBIT | $689M |
| EBITDA | $688M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $110M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $675M |
| SG&A Expenses | $705M |
| Other Expenses | $369M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $689M |
| Interest Income | $1.1B |
| Interest Expense | $90M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $689M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $575M |
| Net Income from Discontinued Ops | $7M |
| Other Adjustments | $0 |
| NET INCOME | $582M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $556M |
| D&A | -$1M |
| EBIT | $689M |
| EBITDA | $688M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $582M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | $315M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $946M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8.1B |
| Sales/Maturities of Investments | $6.1B |
| Other Investing Activities | $1.9B |
| NET CASH FROM INVESTING | -$178M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$207M |
| Other Financing Activities | -$1.5B |
| NET CASH FROM FINANCING | -$633M |
| FREE CASH FLOW | $928M |
| Net Change in Cash | $135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $43.8B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $49.2B |
| PP&E (Net) | $753M |
| Goodwill | $2.7B |
| Intangible Assets | $188M |
| Long-Term Investments | $105.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.8B |
| TOTAL NON-CURRENT ASSETS | $121.1B |
| TOTAL ASSETS | $170.3B |
| Account Payables | $0 |
| Short-Term Debt | $979M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $135.3B |
| TOTAL CURRENT LIABILITIES | $138.6B |
| Long-Term Debt | $13.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | -$11.8B |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $152.4B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $12.8B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | $738M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.0B |
| TOTAL LIABILITIES & EQUITY | $170.3B |
| Total Debt | $14.7B |
| Net Debt | $13.6B |
