| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.0B | $1.9B | 33.7% | 35.3% |
| Op. Income | $652M | $307M | $346M | 112.7% | 88.4% |
| Gross Margin | 76.9% | 67.5% | 18.9% | 9.4pp | 58.0pp |
| Net Margin | 19.9% | 12.6% | 14.3% | 7.3pp | 5.6pp |
| EPS (Diluted) | $1.74 | $0.83 | $0.91 | 109.6% | 91.2% |
| Free Cash Flow | $376M | $371M | $270M | 1.5% | 39.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $602M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $652M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $652M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $520M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $520M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | $0 |
| EBIT | $664M |
| EBITDA | $664M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $602M |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.4B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $652M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $652M |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $520M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$100.0K |
| NET INCOME | $520M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | $0 |
| EBIT | $664M |
| EBITDA | $664M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $520M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$374M |
| Change in Working Capital | $230M |
| OPERATING CASH FLOW | $376M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$681M |
| Sales/Maturities of Investments | $404M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$293M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$62M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$59M |
| FREE CASH FLOW | $376M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $11.2B |
| Net Receivables | $6.0B |
| Inventory | $0 |
| Other Current Assets | -$17.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$15.3B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $22.8B |
| Account Payables | $0 |
| Short-Term Debt | $398M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $569M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $137M |
| Other Non-Current Liabilities | -$706M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $16.6B |
| Common Stock | $304M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $284M |
| Other Equity | -$103M |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $22.8B |
| Total Debt | $966M |
| Net Debt | $848M |
