| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | $2.4B | -3.1% | 2.6% |
| Op. Income | $694M | $687M | $566M | 1.1% | 22.7% |
| Gross Margin | 46.6% | 45.7% | 44.0% | 1.0pp | 2.6pp |
| Net Margin | 23.0% | 19.9% | 22.4% | 3.0pp | 0.5pp |
| EPS (Diluted) | $0.39 | $0.34 | $0.35 | 14.7% | 11.4% |
| Free Cash Flow | $490M | $246M | $857M | 99.3% | -42.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $308M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $473M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $694M |
| Interest Income | $19M |
| Interest Expense | $42M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $629M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $575M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $575M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $575M |
| D&A | $67M |
| EBIT | $671M |
| EBITDA | $738M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $308M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $473M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $694M |
| Interest Income | $19M |
| Interest Expense | $42M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $629M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $575M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $575M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $575M |
| D&A | $67M |
| EBIT | $671M |
| EBITDA | $738M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $575M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$157M |
| OPERATING CASH FLOW | $541M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $51M |
| Purchases of Investments | -$270M |
| Sales/Maturities of Investments | $481M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | $170M |
| Net Debt Issuance | $632M |
| Common Stock Repurchased | -$245M |
| Common Dividends Paid | -$164M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $225M |
| FREE CASH FLOW | $490M |
| Net Change in Cash | $926M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $1.4B |
| Net Receivables | $2.2B |
| Inventory | $1.7B |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $9.4B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.5B |
| Intangible Assets | $183M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $814M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $499M |
| Short-Term Debt | $42M |
| Deferred Revenue | $540M |
| Other Current Liabilities | $423M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $8.4B |
| Common Stock | $145.0K |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $11.0B |
| Treasury Stock | -$12.9B |
| Accum. Other Comp. Income | -$113M |
| Other Equity | $12M |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $5.1B |
| Net Debt | $1.1B |
