| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.2B | $2.5B | 19.3% | 2.4% |
| Op. Income | $687M | $537M | $690M | 27.7% | -0.6% |
| Gross Margin | 45.7% | 45.3% | 45.4% | 0.3pp | 0.3pp |
| Net Margin | 19.9% | 21.5% | 22.5% | -1.6pp | -2.6pp |
| EPS (Diluted) | $0.34 | $0.31 | $0.35 | 9.7% | -2.9% |
| Free Cash Flow | $246M | $425M | $536M | -42.1% | -54.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $319M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $174M |
| Other Expenses | $0 |
| Operating Expenses | $493M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $687M |
| Interest Income | $25M |
| Interest Expense | $43M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $673M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $515M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $515M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $515M |
| D&A | $66M |
| EBIT | $715M |
| EBITDA | $781M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $319M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $174M |
| Other Expenses | $0 |
| Operating Expenses | $493M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $687M |
| Interest Income | $25M |
| Interest Expense | $43M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $673M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $515M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $515M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $515M |
| D&A | $66M |
| EBIT | $715M |
| EBITDA | $781M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $515M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $78M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$397M |
| OPERATING CASH FLOW | $308M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $62M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $810M |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$734M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$167M |
| Other Financing Activities | $39M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $246M |
| Net Change in Cash | -$1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $1.6B |
| Net Receivables | $2.0B |
| Inventory | $1.5B |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.5B |
| Intangible Assets | $193M |
| Long-Term Investments | $4M |
| Tax Assets | -$4M |
| Other Non-Current Assets | $734M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $453M |
| Short-Term Debt | $632M |
| Deferred Revenue | $366M |
| Other Current Liabilities | $508M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $142.0K |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | $10.6B |
| Treasury Stock | -$12.7B |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $38M |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $4.4B |
| Net Debt | $1.4B |
