| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $4.9B | $4.8B | 70.6% | 73.4% |
| Op. Income | $3.5B | $782M | $701M | 341.4% | 392.4% |
| Gross Margin | 66.9% | 57.5% | 56.0% | 9.4pp | 10.9pp |
| Net Margin | 35.5% | 17.3% | 10.5% | 18.2pp | 25.0pp |
| EPS (Diluted) | $2.58 | $0.74 | $0.42 | 248.6% | 514.3% |
| Free Cash Flow | $1.4B | $1.5B | $910M | -4.2% | 53.1% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $5.6B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $551M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $3.5B |
| Interest Income | $21M |
| Interest Expense | $166M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $346M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $339M |
| EBIT | $3.4B |
| EBITDA | $3.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $5.6B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $551M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | $3.5B |
| Interest Income | $21M |
| Interest Expense | $166M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | $3.3B |
| Income Tax Expense | $346M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $339M |
| EBIT | $3.4B |
| EBITDA | $3.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $339M |
| Stock-Based Compensation | $313M |
| Deferred Income Tax | $150M |
| Other Non-Cash Items | -$45M |
| Change in Working Capital | -$2.0B |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$348M |
| Acquisitions (Net) | -$26M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$338M |
| Net Debt Issuance | -$219M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$734M |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | -$836M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $587M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $4.5B |
| Net Receivables | $4.0B |
| Inventory | $2.6B |
| Other Current Assets | $704M |
| TOTAL CURRENT ASSETS | $18.5B |
| PP&E (Net) | $3.7B |
| Goodwill | $6.3B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $17.1B |
| TOTAL ASSETS | $35.6B |
| Account Payables | $2.2B |
| Short-Term Debt | $500M |
| Deferred Revenue | $568M |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $15.2B |
| Deferred Revenue NC | $761M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $20.8B |
| TOTAL LIABILITIES | $29.5B |
| Common Stock | $586M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $207M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $35.6B |
| Total Debt | $15.7B |
| Net Debt | $9.0B |
