| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.2B | 8.1% | 8.6% |
| Op. Income | $152M | $160M | $162M | -4.8% | -5.8% |
| Gross Margin | 21.4% | 26.2% | 23.5% | -4.8pp | -2.1pp |
| Net Margin | 9.1% | 10.1% | 10.4% | -1.0pp | -1.3pp |
| EPS (Diluted) | $1.83 | $1.91 | $1.91 | -4.2% | -4.2% |
| Free Cash Flow | -$19M | $182M | $107M | -110.6% | -118.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $75M |
| SG&A Expenses | $75M |
| Other Expenses | $61M |
| Operating Expenses | $135M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $14M |
| EBIT | $160M |
| EBITDA | $175M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $75M |
| SG&A Expenses | $75M |
| Other Expenses | $61M |
| Operating Expenses | $135M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $152M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $122M |
| D&A | $14M |
| EBIT | $160M |
| EBITDA | $175M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $122M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$359M |
| Sales/Maturities of Investments | -$28M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$393M |
| Net Debt Issuance | $396M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $368M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $352M |
| Short-Term Investments | $629M |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | -$2.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $9.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$10.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.1B |
| Account Payables | $0 |
| Short-Term Debt | $449M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $724M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $246M |
| Other Non-Current Liabilities | -$970M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $549M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $1.2B |
| Net Debt | $821M |
