| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | — | $9.5B | — | -9.0% |
| Op. Income | $2.3B | — | $2.5B | — | -8.0% |
| Gross Margin | 59.9% | — | 60.4% | — | -0.5pp |
| Net Margin | 20.1% | — | 27.3% | — | -7.2pp |
| EPS (Diluted) | $0.40 | — | $0.60 | — | -33.3% |
| Free Cash Flow | $3.2B | — | $2.8B | — | 13.4% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $870M |
| General & Administrative | $1.6B |
| SG&A Expenses | $2.5B |
| Other Expenses | $416M |
| Operating Expenses | $2.9B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $2.3B |
| Interest Income | $82M |
| Interest Expense | $660M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $441M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $358M |
| EBIT | $2.8B |
| EBITDA | $3.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $870M |
| General & Administrative | $1.6B |
| SG&A Expenses | $2.5B |
| Other Expenses | $416M |
| Operating Expenses | $2.9B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $2.3B |
| Interest Income | $82M |
| Interest Expense | $660M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $441M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $358M |
| EBIT | $2.8B |
| EBITDA | $3.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $358M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | $411M |
| Change in Working Capital | $824M |
| OPERATING CASH FLOW | $3.4B |
| Capital Expenditure | -$223M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$3.8B |
| Sales/Maturities of Investments | $3.8B |
| Other Investing Activities | $47M |
| NET CASH FROM INVESTING | -$105M |
| Net Debt Issuance | -$550M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.8B |
| Other Financing Activities | $169M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.4B |
| Short-Term Investments | $9.7B |
| Net Receivables | $3.8B |
| Inventory | $3.3B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $30.4B |
| PP&E (Net) | $10.7B |
| Goodwill | $16.9B |
| Intangible Assets | $11.0B |
| Long-Term Investments | $19.6B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $66.8B |
| TOTAL ASSETS | $97.2B |
| Account Payables | $12.8B |
| Short-Term Debt | $13.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26.9B |
| Long-Term Debt | $39.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.9B |
| Other Non-Current Liabilities | $8.5B |
| TOTAL NON-CURRENT LIABILITIES | $50.0B |
| TOTAL LIABILITIES | $76.9B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $17.5B |
| Retained Earnings | $66.9B |
| Treasury Stock | -$52.0B |
| Accum. Other Comp. Income | -$15.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.6B |
| Minority Interest | $1.7B |
| TOTAL EQUITY | $20.3B |
| TOTAL LIABILITIES & EQUITY | $97.2B |
| Total Debt | $52.9B |
| Net Debt | $41.5B |
