| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $938M | $952M | $1.4B | -1.5% | -31.1% |
| Op. Income | $259M | $170M | $185M | 52.4% | 40.0% |
| Gross Margin | 53.2% | 40.9% | 32.6% | 12.3pp | 20.6pp |
| Net Margin | 22.1% | 13.1% | 10.6% | 8.9pp | 11.4pp |
| EPS (Diluted) | $1.07 | $0.64 | $0.63 | 67.2% | 69.8% |
| Free Cash Flow | $221M | $142M | $309M | 55.6% | -28.5% |
| Item | Amount |
|---|---|
| REVENUE | $938M |
| Cost of Revenue | $439M |
| GROSS PROFIT | $499M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $119M |
| Operating Expenses | $240M |
| Cost & Expenses | $679M |
| OPERATING INCOME | $259M |
| Interest Income | $761M |
| Interest Expense | $425M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $259M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $0 |
| EBIT | $259M |
| EBITDA | $259M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $938M |
| Cost of Revenue | $439M |
| GROSS PROFIT | $499M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $121M |
| SG&A Expenses | $121M |
| Other Expenses | $119M |
| Operating Expenses | $240M |
| Cost & Expenses | $679M |
| OPERATING INCOME | $259M |
| Interest Income | $761M |
| Interest Expense | $425M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $259M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $207M |
| D&A | $0 |
| EBIT | $259M |
| EBITDA | $259M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $208M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $221M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.5B |
| NET CASH FROM INVESTING | $1.5B |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $221M |
| Net Change in Cash | $225M |
