| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.4B | $5.3B | -1.9% | -0.7% |
| Op. Income | $2.1B | $2.5B | $2.3B | -15.2% | -6.5% |
| Gross Margin | 52.3% | 53.6% | 53.2% | -1.3pp | -0.9pp |
| Net Margin | 25.9% | 32.5% | 29.4% | -6.6pp | -3.5pp |
| EPS (Diluted) | $1.84 | $2.35 | $2.08 | -21.7% | -11.5% |
| Free Cash Flow | $1.5B | $2.5B | $1.2B | -40.0% | 32.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $698M |
| Other Expenses | -$61M |
| Operating Expenses | $637M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $2.1B |
| Interest Income | $4M |
| Interest Expense | $298M |
| Other Income/Expenses | -$313M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $453M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $464M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $698M |
| Other Expenses | -$61M |
| Operating Expenses | $637M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $2.1B |
| Interest Income | $4M |
| Interest Expense | $298M |
| Other Income/Expenses | -$313M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $453M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $464M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $464M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$190M |
| Other Non-Cash Items | -$78M |
| Change in Working Capital | $391M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$463M |
| Acquisitions (Net) | $52M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $48M |
| NET CASH FROM INVESTING | -$363M |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$962M |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | -$1.9B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | -$235M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $51M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $38.8B |
| Goodwill | $2.8B |
| Intangible Assets | $0 |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $46.4B |
| TOTAL ASSETS | $52.6B |
| Account Payables | $741M |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $35.2B |
| Deferred Revenue NC | $702M |
| Deferred Tax Liabilities | $2.0B |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $54.3B |
| TOTAL LIABILITIES | $60.5B |
| Common Stock | $17M |
| Additional Paid-In Capital | $7.9B |
| Retained Earnings | $53.9B |
| Treasury Stock | -$67.1B |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$7.8B |
| TOTAL LIABILITIES & EQUITY | $52.6B |
| Total Debt | $51.5B |
| Net Debt | $48.0B |
