| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.8B | 0.1% | -13.4% |
| Op. Income | $487M | $312M | $635M | 55.9% | -23.3% |
| Gross Margin | 86.3% | 73.7% | 86.1% | 12.7pp | 0.2pp |
| Net Margin | 24.5% | 15.9% | 27.3% | 8.6pp | -2.9pp |
| EPS (Diluted) | $2.75 | $1.74 | $3.47 | 58.0% | -20.7% |
| Free Cash Flow | -$38M | $483M | $710M | -107.8% | -105.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $208M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $491M |
| SG&A Expenses | $503M |
| Other Expenses | $324M |
| Operating Expenses | $827M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $487M |
| Interest Income | $1.0B |
| Interest Expense | $58M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $372M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $372M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $353M |
| D&A | $86M |
| EBIT | $487M |
| EBITDA | $572M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $208M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $491M |
| SG&A Expenses | $503M |
| Other Expenses | $324M |
| Operating Expenses | $827M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $487M |
| Interest Income | $1.0B |
| Interest Expense | $58M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $372M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $372M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $353M |
| D&A | $86M |
| EBIT | $487M |
| EBITDA | $572M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $372M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | $143M |
| Change in Working Capital | -$577M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $706M |
| Other Investing Activities | $302M |
| NET CASH FROM INVESTING | $967M |
| Net Debt Issuance | -$857M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$142M |
| Other Financing Activities | $193M |
| NET CASH FROM FINANCING | -$827M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21.7B |
| Short-Term Investments | $5.2B |
| Net Receivables | $5.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32.4B |
| PP&E (Net) | $1.1B |
| Goodwill | $4.6B |
| Intangible Assets | $17M |
| Long-Term Investments | $99.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $106.2B |
| TOTAL ASSETS | $138.6B |
| Account Payables | $1.9B |
| Short-Term Debt | $46M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $115.2B |
| TOTAL CURRENT LIABILITIES | $117.1B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $122.5B |
| Common Stock | $81M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | $13.1B |
| Treasury Stock | -$5.1B |
| Accum. Other Comp. Income | $176M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.1B |
| TOTAL LIABILITIES & EQUITY | $138.6B |
| Total Debt | $5.5B |
| Net Debt | -$16.2B |
