| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.3B | 1.6% | -2.0% |
| Op. Income | $160M | $78M | $149M | 105.5% | 7.5% |
| Gross Margin | 26.2% | 17.4% | 22.1% | 8.8pp | 4.1pp |
| Net Margin | 10.1% | 5.2% | 9.6% | 4.9pp | 0.5pp |
| EPS (Diluted) | $1.91 | $0.95 | $1.84 | 101.1% | 3.8% |
| Free Cash Flow | $182M | $42M | $126M | 331.8% | 44.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $916M |
| GROSS PROFIT | $326M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $87M |
| Operating Expenses | $166M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $14M |
| EBIT | $169M |
| EBITDA | $182M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $916M |
| GROSS PROFIT | $326M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $87M |
| Operating Expenses | $166M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $126M |
| D&A | $14M |
| EBIT | $169M |
| EBITDA | $182M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $126M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$65M |
| Change in Working Capital | $127M |
| OPERATING CASH FLOW | $202M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$461M |
| Sales/Maturities of Investments | $300M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$171M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $92M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | $182M |
| Net Change in Cash | $88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $389M |
| Short-Term Investments | $154M |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | -$1.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $8.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$9.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$759M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $778M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $227M |
| Other Non-Current Liabilities | -$1.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $497M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $778M |
| Net Debt | $388M |
