| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $788M | $869M | $681M | -9.4% | 15.7% |
| Op. Income | $102M | $153M | $64M | -33.3% | 59.5% |
| Gross Margin | 42.6% | 42.4% | 39.2% | 0.3pp | 3.5pp |
| Net Margin | 6.4% | 18.6% | 9.0% | -12.2pp | -2.6pp |
| EPS (Diluted) | $0.43 | $1.36 | $0.50 | -68.4% | -14.0% |
| Free Cash Flow | $179M | $260M | $152M | -31.1% | 17.9% |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $452M |
| GROSS PROFIT | $336M |
| R&D Expenses | $127M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $21M |
| Operating Expenses | $234M |
| Cost & Expenses | $686M |
| OPERATING INCOME | $102M |
| Interest Income | $4M |
| Interest Expense | $19M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $119M |
| EBIT | $84M |
| EBITDA | $202M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $452M |
| GROSS PROFIT | $336M |
| R&D Expenses | $127M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $21M |
| Operating Expenses | $234M |
| Cost & Expenses | $686M |
| OPERATING INCOME | $102M |
| Interest Income | $4M |
| Interest Expense | $19M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $119M |
| EBIT | $84M |
| EBITDA | $202M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $214M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$451M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$483M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $179M |
| Net Change in Cash | -$383M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $715M |
| Short-Term Investments | $0 |
| Net Receivables | $382M |
| Inventory | $517M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.6B |
| Intangible Assets | $809M |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $165M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $247M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $539M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $162M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $4.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $1.6B |
| Net Debt | $859M |
