| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | — | $1.3B | — | 16.0% |
| Op. Income | $453M | — | $269M | — | 68.5% |
| Gross Margin | 57.4% | — | 52.9% | — | 4.5pp |
| Net Margin | 28.2% | — | 17.3% | — | 10.9pp |
| EPS (Diluted) | $2.63 | — | $1.35 | — | 94.8% |
| Free Cash Flow | $411M | — | $270M | — | 52.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $622M |
| GROSS PROFIT | $838M |
| R&D Expenses | $217M |
| Selling & Marketing | -$399M |
| General & Administrative | $566M |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $385M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $453M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $405M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $410M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $411M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $411M |
| D&A | $79M |
| EBIT | $445M |
| EBITDA | $524M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $622M |
| GROSS PROFIT | $838M |
| R&D Expenses | $217M |
| Selling & Marketing | -$399M |
| General & Administrative | $566M |
| SG&A Expenses | $168M |
| Other Expenses | $0 |
| Operating Expenses | $385M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $453M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $405M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $410M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $411M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $411M |
| D&A | $79M |
| EBIT | $445M |
| EBITDA | $524M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $410M |
| Depreciation & Amortization | $79M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$67M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $453M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$275M |
| Sales/Maturities of Investments | $223M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$133M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | $411M |
| Net Change in Cash | $288M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $746M |
| Net Receivables | $1.3B |
| Inventory | $1.3B |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $621M |
| Goodwill | $2.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $237M |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $264M |
| Short-Term Debt | $0 |
| Deferred Revenue | $685M |
| Other Current Liabilities | $467M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $96M |
| Deferred Tax Liabilities | $661M |
| Other Non-Current Liabilities | $601M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $6.6B |
| Common Stock | $155.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $655M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$80M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $16M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $3.6B |
| Net Debt | $2.3B |
