| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.2B | $3.0B | 0.3% | 10.1% |
| Op. Income | $299M | $258M | $261M | 15.9% | 14.6% |
| Gross Margin | 15.1% | 14.4% | 14.5% | 0.7pp | 0.6pp |
| Net Margin | 6.1% | 5.0% | 6.1% | 1.0pp | -0.1pp |
| EPS (Diluted) | $1.37 | $1.13 | $1.26 | 21.2% | 8.7% |
| Free Cash Flow | -$115M | $562M | $115M | -120.5% | -200.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $491M |
| R&D Expenses | $0 |
| Selling & Marketing | -$10M |
| General & Administrative | $197M |
| SG&A Expenses | $187M |
| Other Expenses | $5M |
| Operating Expenses | $192M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $245M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $68M |
| EBIT | $294M |
| EBITDA | $362M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $491M |
| R&D Expenses | $0 |
| Selling & Marketing | -$10M |
| General & Administrative | $197M |
| SG&A Expenses | $187M |
| Other Expenses | $5M |
| Operating Expenses | $192M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $299M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $245M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $197M |
| D&A | $68M |
| EBIT | $294M |
| EBITDA | $362M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $197M |
| Depreciation & Amortization | $68M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$337M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | -$45M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | $224M |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$48M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $98M |
| FREE CASH FLOW | -$115M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $524M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $276M |
| Other Current Assets | $402M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.3B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $443M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $731M |
| Short-Term Debt | $100M |
| Deferred Revenue | $481M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $234M |
| Other Non-Current Liabilities | $291M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $9M |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $5.3B |
| Net Debt | $4.8B |
