| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.5B | $2.4B | 11.5% | 18.2% |
| Op. Income | $756M | $694M | $617M | 8.9% | 22.5% |
| Gross Margin | 45.9% | 46.6% | 45.8% | -0.8pp | 0.1pp |
| Net Margin | 25.0% | 23.0% | 22.9% | 2.0pp | 2.0pp |
| EPS (Diluted) | $0.47 | $0.39 | $0.35 | 20.5% | 34.3% |
| Free Cash Flow | $762M | $490M | $815M | 55.6% | -6.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $339M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $186M |
| Other Expenses | $0 |
| Operating Expenses | $525M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $756M |
| Interest Income | $9M |
| Interest Expense | $49M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $748M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $697M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $697M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $697M |
| D&A | $71M |
| EBIT | $797M |
| EBITDA | $869M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $339M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $186M |
| Other Expenses | $0 |
| Operating Expenses | $525M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $756M |
| Interest Income | $9M |
| Interest Expense | $49M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $748M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $697M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $697M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $697M |
| D&A | $71M |
| EBIT | $797M |
| EBITDA | $869M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $697M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$92M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $813M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $51M |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $653M |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$430M |
| Net Debt Issuance | $722M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | -$168M |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $563M |
| FREE CASH FLOW | $762M |
| Net Change in Cash | $953M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $1.8B |
| Net Receivables | $2.1B |
| Inventory | $1.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.9B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.5B |
| Intangible Assets | $169M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $981M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $14.6B |
| Account Payables | $592M |
| Short-Term Debt | $836M |
| Deferred Revenue | $458M |
| Other Current Liabilities | $520M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $145.0K |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | $11.5B |
| Treasury Stock | -$12.9B |
| Accum. Other Comp. Income | -$94M |
| Other Equity | $11M |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $14.6B |
| Total Debt | $5.8B |
| Net Debt | $896M |
