| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.8B | $9.6B | $9.6B | 1.9% | 1.9% |
| Op. Income | $3.5B | $3.2B | $3.4B | 10.8% | 3.8% |
| Gross Margin | 80.0% | 78.7% | 79.4% | 1.3pp | 0.5pp |
| Net Margin | 26.2% | 24.0% | 28.6% | 2.2pp | -2.3pp |
| EPS (Diluted) | $0.79 | $0.69 | $0.76 | 14.5% | 3.9% |
| Free Cash Flow | $2.6B | $164M | $2.4B | 1495.1% | 8.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $2.0B |
| General & Administrative | $288M |
| SG&A Expenses | $2.3B |
| Other Expenses | $467M |
| Operating Expenses | $4.3B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $122M |
| Interest Expense | $456M |
| Other Income/Expenses | -$452M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $505M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $748M |
| EBIT | $3.5B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $2.0B |
| General & Administrative | $288M |
| SG&A Expenses | $2.3B |
| Other Expenses | $467M |
| Operating Expenses | $4.3B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $3.5B |
| Interest Income | $122M |
| Interest Expense | $456M |
| Other Income/Expenses | -$452M |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | $505M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $748M |
| EBIT | $3.5B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.6B |
| Depreciation & Amortization | $748M |
| Stock-Based Compensation | $361M |
| Deferred Income Tax | -$135M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | -$583M |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$396M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $961M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $480M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4.0B |
| Common Dividends Paid | -$768M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$4.2B |
| FREE CASH FLOW | $2.6B |
| Net Change in Cash | -$711M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23.8B |
| Short-Term Investments | $2.0B |
| Net Receivables | $4.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33.4B |
| PP&E (Net) | $6.2B |
| Goodwill | $43.8B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $22M |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $63.3B |
| TOTAL ASSETS | $96.7B |
| Account Payables | $533M |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $7.8B |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $15.7B |
| Long-Term Debt | $49.3B |
| Deferred Revenue NC | $603M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $66.1B |
| TOTAL LIABILITIES | $81.8B |
| Common Stock | $26.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$10.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.2B |
| Minority Interest | $646M |
| TOTAL EQUITY | $14.9B |
| TOTAL LIABILITIES & EQUITY | $96.7B |
| Total Debt | $53.5B |
| Net Debt | $29.7B |
