| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.1B | $5.0B | 2.7% | 4.7% |
| Op. Income | $991M | $1.0B | $940M | -3.8% | 5.4% |
| Gross Margin | 56.0% | 58.4% | 56.3% | -2.4pp | -0.3pp |
| Net Margin | 9.0% | 18.2% | 13.3% | -9.2pp | -4.3pp |
| EPS (Diluted) | $0.41 | $0.80 | $0.55 | -48.8% | -25.5% |
| Free Cash Flow | $738M | $822M | $624M | -10.2% | 18.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $483M |
| Other Expenses | -$23M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $991M |
| Interest Income | $47M |
| Interest Expense | $146M |
| Other Income/Expenses | -$393M |
| INCOME BEFORE TAX | $598M |
| Income Tax Expense | $130M |
| Net Income from Continuing Ops | $468M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $468M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $468M |
| D&A | $340M |
| EBIT | $968M |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $483M |
| Other Expenses | -$23M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $991M |
| Interest Income | $47M |
| Interest Expense | $146M |
| Other Income/Expenses | -$393M |
| INCOME BEFORE TAX | $598M |
| Income Tax Expense | $130M |
| Net Income from Continuing Ops | $468M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $468M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $468M |
| D&A | $340M |
| EBIT | $968M |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $468M |
| Depreciation & Amortization | $340M |
| Stock-Based Compensation | $309M |
| Deferred Income Tax | -$219M |
| Other Non-Cash Items | $246M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$345M |
| Acquisitions (Net) | -$53M |
| Purchases of Investments | $345M |
| Sales/Maturities of Investments | $101M |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$705M |
| Other Financing Activities | -$77M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $738M |
| Net Change in Cash | -$2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.4B |
| Short-Term Investments | $1.5B |
| Net Receivables | $3.1B |
| Inventory | $1.7B |
| Other Current Assets | $586M |
| TOTAL CURRENT ASSETS | $15.3B |
| PP&E (Net) | $3.4B |
| Goodwill | $6.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $3.8B |
| TOTAL NON-CURRENT ASSETS | $16.6B |
| TOTAL ASSETS | $31.9B |
| Account Payables | $2.1B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $529M |
| Other Current Liabilities | $3.9B |
| TOTAL CURRENT LIABILITIES | $9.8B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $968M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $19.1B |
| TOTAL LIABILITIES | $28.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $31.9B |
| Total Debt | $16.5B |
| Net Debt | $8.1B |
