| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $568M | $526M | $521M | 8.1% | 9.2% |
| Op. Income | $146M | $134M | $132M | 9.3% | 10.7% |
| Gross Margin | 37.5% | 37.5% | 89.5% | -0.1pp | -52.0pp |
| Net Margin | 19.7% | 19.3% | 18.4% | 0.4pp | 1.3pp |
| EPS (Diluted) | $2.81 | $2.51 | $2.28 | 12.0% | 23.2% |
| Free Cash Flow | $84M | $175M | $132M | -51.9% | -36.1% |
| Item | Amount |
|---|---|
| REVENUE | $568M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $67M |
| Operating Expenses | $67M |
| Cost & Expenses | $422M |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $5M |
| EBIT | $154M |
| EBITDA | $158M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $568M |
| Cost of Revenue | $355M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $67M |
| Operating Expenses | $67M |
| Cost & Expenses | $422M |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $146M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $5M |
| EBIT | $154M |
| EBITDA | $158M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$82M |
| Change in Working Capital | $51M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$182M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | -$69.0K |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$53.0K |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $2.5B |
| Net Receivables | $4.6B |
| Inventory | $0 |
| Other Current Assets | -$7.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.3B |
| Account Payables | $468M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$684M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.8B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $394.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $1.8B |
| Net Debt | $1.4B |
