| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.1B | 6.8% | 34.8% |
| Op. Income | $463M | $410M | $433M | 12.8% | 6.8% |
| Gross Margin | 58.0% | 57.2% | 63.5% | 0.8pp | -5.5pp |
| Net Margin | 25.2% | 24.5% | 33.0% | 0.7pp | -7.7pp |
| EPS (Diluted) | $2.40 | $2.16 | $2.42 | 11.1% | -0.8% |
| Free Cash Flow | $353M | $464M | $256M | -23.9% | 37.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $634M |
| GROSS PROFIT | $876M |
| R&D Expenses | $221M |
| Selling & Marketing | $0 |
| General & Administrative | $192M |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $413M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $463M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $425M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $380M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $381M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $381M |
| D&A | $89M |
| EBIT | $465M |
| EBITDA | $551M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $634M |
| GROSS PROFIT | $876M |
| R&D Expenses | $221M |
| Selling & Marketing | $0 |
| General & Administrative | $192M |
| SG&A Expenses | $192M |
| Other Expenses | $0 |
| Operating Expenses | $413M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $463M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $425M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $380M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $381M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $381M |
| D&A | $89M |
| EBIT | $465M |
| EBITDA | $551M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $380M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | $388M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$158M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$285M |
| Common Dividends Paid | -$135M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$432M |
| FREE CASH FLOW | $353M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $940M |
| Short-Term Investments | $738M |
| Net Receivables | $1.3B |
| Inventory | $1.3B |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $594M |
| Goodwill | $2.3B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $271M |
| Other Non-Current Assets | $217M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $257M |
| Short-Term Debt | $0 |
| Deferred Revenue | $616M |
| Other Current Liabilities | $544M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $100M |
| Deferred Tax Liabilities | $681M |
| Other Non-Current Liabilities | $591M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $2.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $719M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $18M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $3.5B |
| Net Debt | $2.6B |
