| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $764M | $1.6B | 165.4% | 23.2% |
| Op. Income | $499M | -$770M | $205M | 164.8% | 143.1% |
| Gross Margin | 28.2% | -90.7% | 13.4% | 118.9pp | 14.8pp |
| Net Margin | 19.6% | -79.2% | 10.1% | 98.8pp | 9.6pp |
| EPS (Diluted) | $1.34 | $-2.01 | $0.55 | 166.7% | 143.6% |
| Free Cash Flow | $222M | $216M | $177M | 2.6% | 25.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $572M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $499M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | $499M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $398M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $398M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $398M |
| D&A | $0 |
| EBIT | $510M |
| EBITDA | $510M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $572M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $499M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | $499M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $398M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $398M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $398M |
| D&A | $0 |
| EBIT | $510M |
| EBITDA | $510M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $398M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | -$374M |
| Change in Working Capital | $167M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$545M |
| Sales/Maturities of Investments | $363M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$190M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$62M |
| Other Financing Activities | -$300.0K |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $10.7B |
| Net Receivables | $5.9B |
| Inventory | $0 |
| Other Current Assets | -$16.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $14.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $21.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$501M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $968M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | -$1.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $15.8B |
| Common Stock | $304M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $308M |
| Other Equity | -$109M |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $21.7B |
| Total Debt | $968M |
| Net Debt | $854M |
