| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | $2.2B | 3.0% | 40.8% |
| Op. Income | $990M | $927M | $294M | 6.8% | 236.7% |
| Gross Margin | 64.9% | 63.6% | 54.7% | 1.3pp | 10.2pp |
| Net Margin | 30.6% | 29.8% | 25.7% | 0.8pp | 5.0pp |
| EPS (Diluted) | $0.04 | $0.04 | $0.02 | 5.6% | 65.2% |
| Free Cash Flow | $1.3B | $1.5B | $695M | -14.1% | 89.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $738M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $287M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $990M |
| Interest Income | $41M |
| Interest Expense | $13M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $951M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $951M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $951M |
| D&A | $106M |
| 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 | $738M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $287M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $990M |
| Interest Income | $41M |
| Interest Expense | $13M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $951M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $951M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $951M |
| D&A | $106M |
| EBIT | $1.0B |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $951M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $220M |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $165M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$145M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$151M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$98M |
| Other Financing Activities | -$88M |
| NET CASH FROM FINANCING | -$183M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.9B |
| Short-Term Investments | $1M |
| Net Receivables | $1.7B |
| Inventory | $979M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.7B |
| PP&E (Net) | $2.3B |
| Goodwill | $618M |
| Intangible Assets | $49M |
| Long-Term Investments | $77M |
| Tax Assets | $548M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $17.3B |
| Account Payables | $687M |
| Short-Term Debt | $0 |
| Deferred Revenue | $141M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $686M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $15.0B |
| Treasury Stock | -$9.8B |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.2B |
| TOTAL LIABILITIES & EQUITY | $17.3B |
| Total Debt | $2.6B |
| Net Debt | -$8.3B |
