| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $296M | $294M | $318M | 0.7% | -7.0% |
| Op. Income | $164M | $16M | $223M | 897.0% | -26.3% |
| Gross Margin | 85.1% | 25.1% | 88.3% | 60.1pp | -3.2pp |
| Net Margin | 44.2% | 4.8% | 55.6% | 39.4pp | -11.4pp |
| EPS (Diluted) | $0.38 | $0.04 | $0.49 | 850.0% | -22.4% |
| Free Cash Flow | $87M | $235M | $176M | -62.9% | -50.2% |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $252M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $88M |
| Operating Expenses | $88M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $15M |
| EBIT | $180M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $252M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $88M |
| Operating Expenses | $88M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $164M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $164M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $15M |
| EBIT | $180M |
| EBITDA | $195M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $131M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $572M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$431M |
| Net Debt Issuance | $405M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $359M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $6.3B |
| Net Receivables | $138M |
| Inventory | $0 |
| Other Current Assets | -$6.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $7.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.2B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $371M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$393M |
| Accum. Other Comp. Income | $168M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $1.2B |
| Net Debt | $863M |
