| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $5.3B | $4.3B | -19.2% | -1.5% |
| Op. Income | $89M | $460M | $481M | -80.7% | -81.5% |
| Gross Margin | 63.3% | 9.0% | 65.1% | 54.3pp | -1.8pp |
| Net Margin | 3.3% | 7.5% | 10.0% | -4.2pp | -6.6pp |
| EPS (Diluted) | $0.74 | $2.01 | $2.15 | -63.2% | -65.6% |
| Free Cash Flow | $193M | -$630M | $171M | 130.6% | 12.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | -$54M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2.6B |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $66M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | -$54M |
| Net Income from Continuing Ops | $143M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $143M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $143M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $760M |
| Change in Working Capital | -$710M |
| OPERATING CASH FLOW | $193M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.2B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$414M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$78M |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | $2.0B |
| FREE CASH FLOW | $193M |
| Net Change in Cash | -$887M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $123.0B |
| Net Receivables | $17.0B |
| Inventory | $0 |
| Other Current Assets | -$141.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $0 |
| Long-Term Investments | $127.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$129.5B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $365.9B |
| Account Payables | $0 |
| Short-Term Debt | $250M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$6.5B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $6.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $343.2B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.7B |
| TOTAL LIABILITIES & EQUITY | $365.9B |
| Total Debt | $6.7B |
| Net Debt | $4.9B |
