| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $2.8B | $2.9B | 40.7% | 33.0% |
| Op. Income | $1.0B | $298M | $340M | 251.7% | 208.1% |
| Gross Margin | 40.0% | 27.5% | 27.9% | 12.6pp | 12.1pp |
| Net Margin | 18.1% | 8.4% | 7.5% | 9.7pp | 10.5pp |
| EPS (Diluted) | $7.17 | $2.37 | $2.25 | 202.5% | 218.7% |
| Free Cash Flow | $709M | $272M | $363M | 160.5% | 95.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $420M |
| Other Expenses | $93M |
| Operating Expenses | $512M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $947M |
| Income Tax Expense | $243M |
| Net Income from Continuing Ops | $704M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $703M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $703M |
| D&A | $152M |
| EBIT | $999M |
| EBITDA | $1.2B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $420M |
| Other Expenses | $93M |
| Operating Expenses | $512M |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $1.0B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | $947M |
| Income Tax Expense | $243M |
| Net Income from Continuing Ops | $704M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $703M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $703M |
| D&A | $152M |
| EBIT | $999M |
| EBITDA | $1.2B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $704M |
| Depreciation & Amortization | $152M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $70M |
| Change in Working Capital | -$148M |
| OPERATING CASH FLOW | $786M |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | -$211M |
| Purchases of Investments | $77M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$285M |
| Net Debt Issuance | -$412M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$397M |
| FREE CASH FLOW | $709M |
| Net Change in Cash | $110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $667M |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $393M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $7.6B |
| Intangible Assets | $3.9B |
| Long-Term Investments | $71M |
| Tax Assets | $3M |
| Other Non-Current Assets | $437M |
| TOTAL NON-CURRENT ASSETS | $14.7B |
| TOTAL ASSETS | $18.7B |
| Account Payables | $640M |
| Short-Term Debt | $377M |
| Deferred Revenue | $495M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $892M |
| Other Non-Current Liabilities | $473M |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $9M |
| Additional Paid-In Capital | $81M |
| Retained Earnings | $8.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$315M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $20M |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $18.7B |
| Total Debt | $6.7B |
| Net Debt | $6.0B |
