| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.1B | — | $17.2B | — | 5.3% |
| Op. Income | $3.0B | — | $2.9B | — | 5.5% |
| Gross Margin | 54.9% | — | 55.2% | — | -0.3pp |
| Net Margin | 12.7% | — | 12.2% | — | 0.4pp |
| EPS (Diluted) | $1.65 | — | $1.49 | — | 10.7% |
| Free Cash Flow | $3.8B | — | $2.9B | — | 30.9% |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $8.2B |
| GROSS PROFIT | $9.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.9B |
| Other Expenses | $0 |
| Operating Expenses | $6.9B |
| Cost & Expenses | $15.1B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $264M |
| Other Income/Expenses | -$178M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $526M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $609M |
| EBIT | $3.1B |
| EBITDA | $3.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $18.1B |
| Cost of Revenue | $8.2B |
| GROSS PROFIT | $9.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.9B |
| Other Expenses | $0 |
| Operating Expenses | $6.9B |
| Cost & Expenses | $15.1B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $264M |
| Other Income/Expenses | -$178M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $526M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $609M |
| EBIT | $3.1B |
| EBITDA | $3.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $609M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | -$69M |
| Change in Working Capital | $1.8B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$886M |
| Acquisitions (Net) | -$724M |
| Purchases of Investments | -$392M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$753M |
| Common Stock Repurchased | -$406M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | $170M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $611M |
| Net Receivables | $9.3B |
| Inventory | $4.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.1B |
| PP&E (Net) | $19.7B |
| Goodwill | $18.6B |
| Intangible Assets | $19.2B |
| Long-Term Investments | $2.8B |
| Tax Assets | $4.4B |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $68.0B |
| TOTAL ASSETS | $92.0B |
| Account Payables | $19.3B |
| Short-Term Debt | $6.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26.0B |
| Long-Term Debt | $37.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.2B |
| Other Non-Current Liabilities | $10.3B |
| TOTAL NON-CURRENT LIABILITIES | $52.4B |
| TOTAL LIABILITIES | $78.4B |
| Common Stock | $23M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $63.0B |
| Treasury Stock | -$38.0B |
| Accum. Other Comp. Income | -$15.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.5B |
| Minority Interest | $112M |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $92.0B |
| Total Debt | $44.6B |
| Net Debt | $35.5B |
