| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $300M | $291M | $313M | 3.0% | -4.3% |
| Op. Income | $137M | $74M | $137M | 86.0% | -0.1% |
| Gross Margin | 80.2% | 59.0% | 71.8% | 21.2pp | 8.4pp |
| Net Margin | 36.9% | 21.5% | 35.3% | 15.5pp | 1.6pp |
| EPS (Diluted) | $1.42 | $0.83 | $1.44 | 71.1% | -1.4% |
| Free Cash Flow | $105M | $115M | $125M | -9.0% | -16.1% |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $90M |
| SG&A Expenses | $92M |
| Other Expenses | $11M |
| Operating Expenses | $103M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $137M |
| Interest Income | $249M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $11M |
| EBIT | $137M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $240M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $90M |
| SG&A Expenses | $92M |
| Other Expenses | $11M |
| Operating Expenses | $103M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $137M |
| Interest Income | $249M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $11M |
| EBIT | $137M |
| EBITDA | $148M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$403M |
| Sales/Maturities of Investments | $220M |
| Other Investing Activities | $37M |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$547M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $954M |
| NET CASH FROM FINANCING | $391M |
| FREE CASH FLOW | $105M |
| Net Change in Cash | $350M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $3.5B |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $288M |
| Goodwill | $1.8B |
| Intangible Assets | $45M |
| Long-Term Investments | $23.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $27.5B |
| TOTAL ASSETS | $33.8B |
| Account Payables | $26M |
| Short-Term Debt | $127M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26.5B |
| TOTAL CURRENT LIABILITIES | $26.7B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $382M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $29.0B |
| Common Stock | $76M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $158M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $33.8B |
| Total Debt | $2.1B |
| Net Debt | -$699M |
