| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.5B | $12.2B | -13.9% | -18.8% |
| Op. Income | $3.0B | $3.0B | $2.8B | 1.6% | 6.4% |
| Gross Margin | 78.7% | 77.8% | 64.2% | 0.9pp | 14.5pp |
| Net Margin | 24.0% | 20.3% | 19.2% | 3.7pp | 4.8pp |
| EPS (Diluted) | $1.63 | $1.61 | $1.59 | 1.4% | 2.3% |
| Free Cash Flow | -$1.8B | $20.6B | $7.6B | -108.7% | -123.4% |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.0B |
| Other Expenses | $1.8B |
| Operating Expenses | $4.7B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $3.0B |
| Interest Income | $5.5B |
| Interest Expense | $1.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $658M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $519M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $7.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.0B |
| Other Expenses | $1.8B |
| Operating Expenses | $4.7B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $3.0B |
| Interest Income | $5.5B |
| Interest Expense | $1.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $658M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $519M |
| EBIT | $3.0B |
| EBITDA | $3.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $519M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $69M |
| Other Non-Cash Items | $258M |
| Change in Working Capital | -$4.6B |
| OPERATING CASH FLOW | -$1.4B |
| Capital Expenditure | -$428M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$21.3B |
| Sales/Maturities of Investments | $24.1B |
| Other Investing Activities | $1.2B |
| NET CASH FROM INVESTING | $3.6B |
| Net Debt Issuance | -$110M |
| Common Stock Repurchased | -$1.6B |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | -$1.8B |
| Net Change in Cash | -$214M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115.4B |
| Short-Term Investments | $32.4B |
| Net Receivables | $13.6B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $161.4B |
| PP&E (Net) | $5.8B |
| Goodwill | $8.3B |
| Intangible Assets | $3.5B |
| Long-Term Investments | $655.0B |
| Tax Assets | $1.9B |
| Other Non-Current Assets | $355.4B |
| TOTAL NON-CURRENT ASSETS | $1.0T |
| TOTAL ASSETS | $1.2T |
| Account Payables | $6.9B |
| Short-Term Debt | $258.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $576.7B |
| TOTAL CURRENT LIABILITIES | $848.4B |
| Long-Term Debt | $132.9B |
| Deferred Revenue NC | $2.2B |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $136.8B |
| TOTAL NON-CURRENT LIABILITIES | $275.4B |
| TOTAL LIABILITIES | $1.1T |
| Common Stock | $12.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $43.7B |
| Treasury Stock | -$96M |
| Accum. Other Comp. Income | $2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63.3B |
| Minority Interest | $75M |
| TOTAL EQUITY | $63.4B |
| TOTAL LIABILITIES & EQUITY | $1.2T |
| Total Debt | $395.7B |
| Net Debt | $280.3B |
