| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 0.2% | 0.4% |
| Op. Income | $341M | $118M | $297M | 189.0% | 14.8% |
| Gross Margin | 60.4% | 43.3% | 57.0% | 17.1pp | 3.4pp |
| Net Margin | 20.4% | 7.3% | 20.3% | 13.1pp | 0.1pp |
| EPS (Diluted) | $1.86 | $0.66 | $1.82 | 181.8% | 2.2% |
| Free Cash Flow | $425M | $639M | $584M | -33.5% | -27.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $486M |
| GROSS PROFIT | $742M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $229M |
| SG&A Expenses | $229M |
| Other Expenses | $172M |
| Operating Expenses | $401M |
| Cost & Expenses | $887M |
| OPERATING INCOME | $341M |
| Interest Income | $1.1B |
| Interest Expense | $255M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $341M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $66M |
| EBIT | $341M |
| EBITDA | $407M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $486M |
| GROSS PROFIT | $742M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $229M |
| SG&A Expenses | $229M |
| Other Expenses | $172M |
| Operating Expenses | $401M |
| Cost & Expenses | $887M |
| OPERATING INCOME | $341M |
| Interest Income | $1.1B |
| Interest Expense | $255M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $341M |
| Income Tax Expense | $91M |
| Net Income from Continuing Ops | $250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $250M |
| D&A | $66M |
| EBIT | $341M |
| EBITDA | $407M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $250M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $270M |
| Change in Working Capital | -$161M |
| OPERATING CASH FLOW | $425M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$139M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | -$348M |
| NET CASH FROM INVESTING | -$363M |
| Net Debt Issuance | -$534M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$314M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$848M |
| FREE CASH FLOW | $425M |
| Net Change in Cash | -$786M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $128M |
| Net Receivables | $290M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $0 |
| Goodwill | $1.4B |
| Intangible Assets | $315M |
| Long-Term Investments | $17.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $511M |
| TOTAL NON-CURRENT ASSETS | $19.5B |
| TOTAL ASSETS | $21.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $17.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $18.7B |
| TOTAL LIABILITIES | $18.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $79M |
| Other Equity | -$14M |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $21.9B |
| Total Debt | $17.5B |
| Net Debt | $15.6B |
