| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.5B | $11.6B | $12.5B | 7.9% | 0.4% |
| Op. Income | $2.4B | $2.4B | $2.4B | 2.6% | 2.3% |
| Gross Margin | 70.1% | 70.5% | 69.7% | -0.4pp | 0.3pp |
| Net Margin | 15.4% | 16.1% | 16.4% | -0.6pp | -0.9pp |
| EPS (Diluted) | $0.84 | $0.81 | $0.89 | 3.7% | -5.6% |
| Free Cash Flow | $2.5B | $3.5B | $4.0B | -27.9% | -36.7% |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $2.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.4B |
| Other Expenses | $808M |
| Operating Expenses | $6.4B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $209M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $478M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $1.7B |
| EBIT | $2.6B |
| EBITDA | $4.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $2.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.4B |
| Other Expenses | $808M |
| Operating Expenses | $6.4B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $2.4B |
| Interest Income | $0 |
| Interest Expense | $209M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2.4B |
| Income Tax Expense | $478M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $1.7B |
| EBIT | $2.6B |
| EBITDA | $4.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $1.7B |
| Stock-Based Compensation | $202M |
| Deferred Income Tax | $478M |
| Other Non-Cash Items | -$1.2B |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$627M |
| Acquisitions (Net) | -$112M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | $75M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $2.8B |
| Common Stock Repurchased | -$924M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $3.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $1.9B |
| Net Receivables | $8.3B |
| Inventory | $7.1B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $29.0B |
| PP&E (Net) | $13.3B |
| Goodwill | $29.5B |
| Intangible Assets | $36.9B |
| Long-Term Investments | $11.6B |
| Tax Assets | $8.5B |
| Other Non-Current Assets | $850M |
| TOTAL NON-CURRENT ASSETS | $100.7B |
| TOTAL ASSETS | $129.7B |
| Account Payables | $4.7B |
| Short-Term Debt | $10.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.4B |
| TOTAL CURRENT LIABILITIES | $31.8B |
| Long-Term Debt | $26.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.4B |
| Other Non-Current Liabilities | $7.7B |
| TOTAL NON-CURRENT LIABILITIES | $43.3B |
| TOTAL LIABILITIES | $75.1B |
| Common Stock | $913M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $57.4B |
| Treasury Stock | -$44M |
| Accum. Other Comp. Income | -$3.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54.5B |
| Minority Interest | $70M |
| TOTAL EQUITY | $54.6B |
| TOTAL LIABILITIES & EQUITY | $129.7B |
| Total Debt | $38.2B |
| Net Debt | $29.2B |
