| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.0B | $17.0B | $16.5B | -5.9% | -2.8% |
| Op. Income | $2.3B | $2.2B | $2.1B | 4.7% | 6.8% |
| Gross Margin | 14.4% | 12.6% | 12.9% | 1.7pp | 1.4pp |
| Net Margin | 3.8% | 10.7% | 10.3% | -6.8pp | -6.5pp |
| EPS (Diluted) | $2.21 | $6.52 | $6.05 | -66.1% | -63.5% |
| Free Cash Flow | $1.6B | $950M | $1.5B | 70.6% | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $16.0B |
| Cost of Revenue | $13.7B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $8M |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $679M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $614M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $614M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $614M |
| D&A | $329M |
| EBIT | $820M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $16.0B |
| Cost of Revenue | $13.7B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $8M |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $2.3B |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $679M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $614M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $614M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $614M |
| D&A | $329M |
| EBIT | $820M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $614M |
| Depreciation & Amortization | $329M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | $1.7B |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$711M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$316M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $86M |
| NET CASH FROM INVESTING | -$230M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$718M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $0 |
| Net Receivables | $15.0B |
| Inventory | $2.9B |
| Other Current Assets | $763M |
| TOTAL CURRENT ASSETS | $21.4B |
| PP&E (Net) | $7.3B |
| Goodwill | $10.8B |
| Intangible Assets | $2.8B |
| Long-Term Investments | $669M |
| Tax Assets | $2.7B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $30.5B |
| TOTAL ASSETS | $51.8B |
| Account Payables | $1.5B |
| Short-Term Debt | $6M |
| Deferred Revenue | $7.5B |
| Other Current Liabilities | $2.9B |
| TOTAL CURRENT LIABILITIES | $15.0B |
| Long-Term Debt | $11.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15.5B |
| TOTAL NON-CURRENT LIABILITIES | $27.2B |
| TOTAL LIABILITIES | $42.2B |
| Common Stock | $274M |
| Additional Paid-In Capital | $98M |
| Retained Earnings | $21.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $51.8B |
| Total Debt | $11.7B |
| Net Debt | $8.9B |
