| Metric | Q1 2021 | Q4 2020 | Q1 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $2.2B | -0.8% | 38.7% |
| Op. Income | $976M | $990M | $358M | -1.4% | 172.6% |
| Gross Margin | 65.1% | 64.9% | 58.4% | 0.2pp | 6.7pp |
| Net Margin | 29.8% | 30.6% | 17.7% | -0.9pp | 12.0pp |
| EPS (Diluted) | $0.04 | $0.04 | $0.02 | -2.6% | 131.2% |
| Free Cash Flow | $754M | $1.3B | $592M | -42.9% | 27.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $735M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $293M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $976M |
| Interest Income | $31M |
| Interest Expense | $25M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $981M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $917M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $917M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $917M |
| D&A | $107M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $735M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $293M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $976M |
| Interest Income | $31M |
| Interest Expense | $25M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $981M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $917M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $917M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $917M |
| D&A | $107M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $917M |
| Depreciation & Amortization | $107M |
| Stock-Based Compensation | $224M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$359M |
| OPERATING CASH FLOW | $909M |
| Capital Expenditure | -$155M |
| Acquisitions (Net) | -$34M |
| Purchases of Investments | -$867M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $5.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$225M |
| NET CASH FROM FINANCING | $4.7B |
| FREE CASH FLOW | $754M |
| Net Change in Cash | $4.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.5B |
| Short-Term Investments | $860M |
| Net Receivables | $1.9B |
| Inventory | $1.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.6B |
| PP&E (Net) | $2.3B |
| Goodwill | $628M |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $533M |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $23.3B |
| Account Payables | $761M |
| Short-Term Debt | $0 |
| Deferred Revenue | $174M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $675M |
| TOTAL NON-CURRENT LIABILITIES | $8.3B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $15.8B |
| Treasury Stock | -$10.0B |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.1B |
| TOTAL LIABILITIES & EQUITY | $23.3B |
| Total Debt | $7.6B |
| Net Debt | -$7.9B |
