| Metric | Q1 2021 | Q4 2020 | Q1 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.3B | $4.4B | 5.5% | 2.0% |
| Op. Income | $262M | $89M | $34M | 194.4% | 670.6% |
| Gross Margin | 7.0% | 63.3% | 2.6% | -56.2pp | 4.5pp |
| Net Margin | 5.0% | 3.3% | 1.2% | 1.6pp | 3.8pp |
| EPS (Diluted) | $1.16 | $0.74 | $0.26 | 56.8% | 346.2% |
| Free Cash Flow | -$642M | $193M | $455M | -432.6% | -241.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $56M |
| Operating Expenses | $56M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $262M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $0 |
| EBIT | $327M |
| EBITDA | $327M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $318M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $56M |
| Operating Expenses | $56M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $262M |
| Interest Income | $0 |
| Interest Expense | $65M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $262M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $0 |
| EBIT | $327M |
| EBITDA | $327M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $225M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54M |
| Change in Working Capital | -$921M |
| OPERATING CASH FLOW | -$642M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.0B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | $747M |
| NET CASH FROM INVESTING | -$712M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$105M |
| Common Dividends Paid | -$80M |
| Other Financing Activities | $1.2B |
| NET CASH FROM FINANCING | $996M |
| FREE CASH FLOW | -$642M |
| Net Change in Cash | -$358M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $117.3B |
| Net Receivables | $16.9B |
| Inventory | $0 |
| Other Current Assets | -$135.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $0 |
| Long-Term Investments | $121.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$123.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $366.8B |
| Account Payables | $0 |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$7.9B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $347.2B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.6B |
| TOTAL LIABILITIES & EQUITY | $366.8B |
| Total Debt | $6.6B |
| Net Debt | $5.2B |
