| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.9B | $5.3B | 7.4% | -1.5% |
| Op. Income | $368M | $772M | $460M | -52.3% | -20.0% |
| Gross Margin | 8.3% | 17.7% | 9.0% | -9.4pp | -0.7pp |
| Net Margin | 6.1% | 13.2% | 7.5% | -7.1pp | -1.4pp |
| EPS (Diluted) | $1.68 | $3.34 | $2.01 | -49.7% | -16.4% |
| Free Cash Flow | $339M | $411M | -$630M | -17.5% | 153.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $432M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $64M |
| Operating Expenses | $64M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $368M |
| Interest Income | $0 |
| Interest Expense | $73M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $368M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $318M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $318M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $318M |
| D&A | $0 |
| EBIT | $441M |
| EBITDA | $441M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.8B |
| GROSS PROFIT | $432M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $64M |
| Operating Expenses | $64M |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $368M |
| Interest Income | $0 |
| Interest Expense | $73M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $368M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $318M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $318M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $318M |
| D&A | $0 |
| EBIT | $441M |
| EBITDA | $441M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $318M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$99M |
| Change in Working Capital | $120M |
| OPERATING CASH FLOW | $339M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | $152M |
| NET CASH FROM INVESTING | -$918M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | -$80M |
| Other Financing Activities | $1.1B |
| NET CASH FROM FINANCING | $804M |
| FREE CASH FLOW | $339M |
| Net Change in Cash | $225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $122.1B |
| Net Receivables | $16.3B |
| Inventory | $0 |
| Other Current Assets | -$141.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $0 |
| Long-Term Investments | $126.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$128.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $377.1B |
| Account Payables | $0 |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$8.7B |
| 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 | $355.9B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $9.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.2B |
| TOTAL LIABILITIES & EQUITY | $377.1B |
| Total Debt | $6.6B |
| Net Debt | $4.0B |
