| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $785M | $695M | — | 13.0% | — |
| Op. Income | $198M | $137M | — | 44.5% | — |
| Gross Margin | 60.5% | 57.2% | — | 3.3pp | — |
| Net Margin | 13.9% | 10.7% | — | 3.3pp | — |
| EPS (Diluted) | $0.40 | $0.27 | — | 48.1% | — |
| Free Cash Flow | $191M | $119M | — | 60.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $785M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $475M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $195M |
| Other Expenses | $0 |
| Operating Expenses | $277M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $198M |
| Interest Income | $3M |
| Interest Expense | $34M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $117M |
| EBIT | $190M |
| EBITDA | $307M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $785M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $475M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $195M |
| Other Expenses | $0 |
| Operating Expenses | $277M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $198M |
| Interest Income | $3M |
| Interest Expense | $34M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $109M |
| D&A | $117M |
| EBIT | $190M |
| EBITDA | $307M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $109M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $28M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$1.2B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $760M |
| Common Stock Repurchased | $2.8K |
| Common Dividends Paid | -$48M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $724M |
| FREE CASH FLOW | $191M |
| Net Change in Cash | -$324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $675M |
| Short-Term Investments | $0 |
| Net Receivables | $573M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $527M |
| Goodwill | $4.7B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $70M |
| Tax Assets | $931M |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $8.1B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $45M |
| Short-Term Debt | $914M |
| Deferred Revenue | $719M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $77M |
| Deferred Tax Liabilities | $165M |
| Other Non-Current Liabilities | $269M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.2B |
| Treasury Stock | -$32M |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $1M |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $3.8B |
| Net Debt | $3.1B |
