| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.0B | $1.8B | -3.7% | 10.2% |
| Op. Income | $307M | $499M | $252M | -38.5% | 21.6% |
| Gross Margin | 67.5% | 28.2% | 15.0% | 39.3pp | 52.5pp |
| Net Margin | 12.6% | 19.6% | 11.5% | -7.0pp | 1.2pp |
| EPS (Diluted) | $0.83 | $1.34 | $0.67 | -38.1% | 23.9% |
| Free Cash Flow | $371M | $222M | $353M | 66.9% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.0B |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $307M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | $307M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $246M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246M |
| D&A | $0 |
| EBIT | $316M |
| EBITDA | $316M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $633M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.0B |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $307M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | $307M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $246M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $246M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $246M |
| D&A | $0 |
| EBIT | $316M |
| EBITDA | $316M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $246M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | -$131M |
| Change in Working Capital | $215M |
| OPERATING CASH FLOW | $371M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$864M |
| Sales/Maturities of Investments | $549M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$325M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$62M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $371M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $11.0B |
| Net Receivables | $6.1B |
| Inventory | $0 |
| Other Current Assets | -$17.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $14.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $22.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$550M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $966M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | -$1.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $16.2B |
| Common Stock | $304M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $336M |
| Other Equity | -$106M |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $22.2B |
| Total Debt | $966M |
| Net Debt | $871M |
