| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $840M | $849M | $938M | -1.1% | -10.4% |
| Op. Income | $220M | $240M | $259M | -8.3% | -15.1% |
| Gross Margin | 58.6% | 60.2% | 53.2% | -1.6pp | 5.4pp |
| Net Margin | 20.6% | 21.8% | 22.1% | -1.2pp | -1.5pp |
| EPS (Diluted) | $1.04 | $1.05 | $1.07 | -1.0% | -2.8% |
| Free Cash Flow | $201M | $154M | $221M | 30.5% | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $840M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $492M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $141M |
| SG&A Expenses | $141M |
| Other Expenses | $131M |
| Operating Expenses | $272M |
| Cost & Expenses | $620M |
| OPERATING INCOME | $220M |
| Interest Income | $660M |
| Interest Expense | $326M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $0 |
| EBIT | $220M |
| EBITDA | $220M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $840M |
| Cost of Revenue | $348M |
| GROSS PROFIT | $492M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $141M |
| SG&A Expenses | $141M |
| Other Expenses | $131M |
| Operating Expenses | $272M |
| Cost & Expenses | $620M |
| OPERATING INCOME | $220M |
| Interest Income | $660M |
| Interest Expense | $326M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $173M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $0 |
| EBIT | $220M |
| EBITDA | $220M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $173M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $201M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $894M |
| NET CASH FROM INVESTING | $894M |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $201M |
| Net Change in Cash | -$451M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $114M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $74.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $78.5B |
| TOTAL ASSETS | $81.9B |
| Account Payables | $0 |
| Short-Term Debt | $4.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $73.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $75.0B |
| TOTAL LIABILITIES | $79.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$4.3B |
| Accum. Other Comp. Income | -$189M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $11M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $81.9B |
| Total Debt | $78.0B |
| Net Debt | $77.0B |
