| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $3.8B | $5.5B | 44.0% | -1.5% |
| Op. Income | $2.5B | $961M | $2.4B | 162.9% | 4.9% |
| Gross Margin | 53.6% | 45.9% | 53.0% | 7.7pp | 0.6pp |
| Net Margin | 32.5% | 12.9% | 29.2% | 19.7pp | 3.3pp |
| EPS (Diluted) | $2.35 | $0.65 | $2.11 | 261.5% | 11.4% |
| Free Cash Flow | $2.5B | -$518M | $1.7B | 592.0% | 46.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $455M |
| Other Expenses | -$76M |
| Operating Expenses | $378M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.5B |
| Interest Income | $3M |
| Interest Expense | $310M |
| Other Income/Expenses | -$309M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $455M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $440M |
| EBIT | $2.5B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $455M |
| Other Expenses | -$76M |
| Operating Expenses | $378M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.5B |
| Interest Income | $3M |
| Interest Expense | $310M |
| Other Income/Expenses | -$309M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $455M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $440M |
| EBIT | $2.5B |
| EBITDA | $3.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $440M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | -$57M |
| Change in Working Capital | $824M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$390M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $121M |
| NET CASH FROM INVESTING | -$268M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$700.0K |
| Common Dividends Paid | -$931M |
| Other Financing Activities | $105M |
| NET CASH FROM FINANCING | -$2.3B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $428M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $44M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $37.5B |
| Goodwill | $2.7B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $44.0B |
| TOTAL ASSETS | $50.7B |
| Account Payables | $689M |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $35.1B |
| Deferred Revenue NC | $680M |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $52.9B |
| TOTAL LIABILITIES | $59.2B |
| Common Stock | $17M |
| Additional Paid-In Capital | $7.9B |
| Retained Earnings | $53.5B |
| Treasury Stock | -$67.1B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$8.5B |
| TOTAL LIABILITIES & EQUITY | $50.7B |
| Total Debt | $51.3B |
| Net Debt | $47.6B |
