| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $4.6B | $4.0B | -31.6% | -21.6% |
| Op. Income | $499M | $328M | $450M | 51.9% | 10.7% |
| Gross Margin | 48.6% | 37.2% | 38.4% | 11.4pp | 10.2pp |
| Net Margin | 12.8% | 6.3% | 9.7% | 6.4pp | 3.1pp |
| EPS (Diluted) | $1.45 | $1.04 | $1.37 | 39.4% | 5.8% |
| Free Cash Flow | $429M | $1.6B | $1.5B | -72.7% | -70.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $983M |
| SG&A Expenses | $983M |
| Other Expenses | $31M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $499M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $499M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $416M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $398M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $398M |
| D&A | $0 |
| EBIT | $499M |
| EBITDA | $499M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $983M |
| SG&A Expenses | $983M |
| Other Expenses | $31M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $499M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $499M |
| Income Tax Expense | $83M |
| Net Income from Continuing Ops | $416M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $398M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $398M |
| D&A | $0 |
| EBIT | $499M |
| EBITDA | $499M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $398M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $59M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $457M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.6B |
| Sales/Maturities of Investments | $3.3B |
| Other Investing Activities | -$75M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $459M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$154M |
| Other Financing Activities | $200M |
| NET CASH FROM FINANCING | $519M |
| FREE CASH FLOW | $429M |
| Net Change in Cash | -$332M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $74.3B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | -$79.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $993M |
| Goodwill | $1.6B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $76.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$81.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $271.3B |
| Account Payables | $0 |
| Short-Term Debt | $76M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$93M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | -$6.2B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $255.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | $11.4B |
| Treasury Stock | -$7.9B |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.2B |
| Minority Interest | $341M |
| TOTAL EQUITY | $15.6B |
| TOTAL LIABILITIES & EQUITY | $271.3B |
| Total Debt | $4.2B |
| Net Debt | $1.1B |
