| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.3B | $2.0B | -10.7% | 3.1% |
| Op. Income | $106M | $396M | $307M | -73.3% | -65.5% |
| Gross Margin | 69.4% | 72.7% | 67.5% | -3.3pp | 1.9pp |
| Net Margin | 4.4% | 14.0% | 12.6% | -9.6pp | -8.2pp |
| EPS (Diluted) | $0.29 | $1.05 | $0.83 | -72.4% | -65.1% |
| Free Cash Flow | $455M | $219M | $371M | 107.5% | 22.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $615M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $106M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $615M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $106M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $106M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $210M |
| Change in Working Capital | $183M |
| OPERATING CASH FLOW | $455M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $703M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$385M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$66M |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $455M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $11.6B |
| Net Receivables | $6.9B |
| Inventory | $0 |
| Other Current Assets | -$18.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $25.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$658M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $152M |
| Other Non-Current Liabilities | -$1.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $18.7B |
| Common Stock | $307M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $93M |
| Other Equity | -$88M |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $25.0B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
