| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $999M | $1.0B | $987M | -0.7% | 1.2% |
| Op. Income | $147M | $285M | $81M | -48.6% | 81.4% |
| Gross Margin | 22.3% | 35.9% | 15.7% | -13.6pp | 6.6pp |
| Net Margin | 11.9% | 22.7% | 7.0% | -10.8pp | 4.9pp |
| EPS (Diluted) | $2.15 | $4.12 | $1.25 | -47.8% | 72.0% |
| Free Cash Flow | $174M | $153M | $137M | 13.6% | 26.8% |
| Item | Amount |
|---|---|
| REVENUE | $999M |
| Cost of Revenue | $776M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $76M |
| Operating Expenses | $76M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $147M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $18M |
| EBIT | $151M |
| EBITDA | $169M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $999M |
| Cost of Revenue | $776M |
| GROSS PROFIT | $223M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $76M |
| Operating Expenses | $76M |
| Cost & Expenses | $852M |
| OPERATING INCOME | $147M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $147M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $18M |
| EBIT | $151M |
| EBITDA | $169M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $119M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $36.0K |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $102M |
| OPERATING CASH FLOW | $184M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$555M |
| Sales/Maturities of Investments | $470M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$89M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $174M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $322M |
| Short-Term Investments | $254M |
| Net Receivables | $672M |
| Inventory | $0 |
| Other Current Assets | -$1.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $216M |
| Goodwill | $43M |
| Intangible Assets | $10M |
| Long-Term Investments | $4.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.1B |
| Account Payables | $180M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$187M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $372M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | -$437M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $417M |
| Net Debt | $95M |
