| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.1B | $2.5B | 27.9% | 10.1% |
| Op. Income | $363M | $163M | -$635M | 122.7% | 157.2% |
| Gross Margin | 33.9% | 31.5% | 33.1% | 2.4pp | 0.8pp |
| Net Margin | 11.3% | 3.7% | -25.5% | 7.6pp | 36.8pp |
| EPS (Diluted) | $0.71 | $0.18 | $-1.48 | 294.4% | 148.0% |
| Free Cash Flow | $624M | $73M | $377M | 754.8% | 65.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $914M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $545M |
| Other Expenses | $6M |
| Operating Expenses | $551M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $363M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $283M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $304M |
| D&A | $91M |
| EBIT | $354M |
| EBITDA | $445M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $914M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $545M |
| Other Expenses | $6M |
| Operating Expenses | $551M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $363M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $283M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | $304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $304M |
| D&A | $91M |
| EBIT | $354M |
| EBITDA | $445M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $304M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$44M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $316M |
| OPERATING CASH FLOW | $688M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$307M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$413M |
| FREE CASH FLOW | $624M |
| Net Change in Cash | $231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $858M |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $1.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.5B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $0 |
| Tax Assets | $882M |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $1.4B |
| Short-Term Debt | $97M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $463M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $448M |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | -$3.3B |
| Treasury Stock | -$597M |
| Accum. Other Comp. Income | -$988M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $24M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $6.5B |
| Net Debt | $5.6B |
