| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.2B | $3.1B | 16.2% | -17.4% |
| Op. Income | $571M | $358M | $1.2B | 59.5% | -50.6% |
| Gross Margin | 59.8% | 58.4% | 63.2% | 1.4pp | -3.5pp |
| Net Margin | 21.4% | 17.7% | 35.3% | 3.7pp | -13.9pp |
| EPS (Diluted) | $0.02 | $0.02 | $0.04 | 43.7% | -47.7% |
| Free Cash Flow | $823M | $592M | $784M | 39.0% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $704M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $266M |
| Other Expenses | $0 |
| Operating Expenses | $970M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $571M |
| Interest Income | $47M |
| Interest Expense | $13M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $606M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $552M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $552M |
| D&A | $92M |
| EBIT | $619M |
| EBITDA | $711M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $704M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $266M |
| Other Expenses | $0 |
| Operating Expenses | $970M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $571M |
| Interest Income | $47M |
| Interest Expense | $13M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | $606M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $552M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $552M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $552M |
| D&A | $92M |
| EBIT | $619M |
| EBITDA | $711M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $553M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $223M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $936M |
| Capital Expenditure | -$113M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$841M |
| Sales/Maturities of Investments | $4.5B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3.5B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$148M |
| FREE CASH FLOW | $823M |
| Net Change in Cash | $4.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.1B |
| Short-Term Investments | $1.4B |
| Net Receivables | $1.6B |
| Inventory | $1.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11.4B |
| PP&E (Net) | $2.0B |
| Goodwill | $618M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $588M |
| Other Non-Current Assets | $110M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $437M |
| Short-Term Debt | $0 |
| Deferred Revenue | $127M |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $573M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | $13.3B |
| Treasury Stock | -$9.5B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.3B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $2.6B |
| Net Debt | -$4.5B |
