| Metric | Q1 2021 | Q4 2020 | Q1 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.3B | $2.8B | 12.8% | 75.0% |
| Op. Income | $2.0B | $1.5B | $1.0B | 32.8% | 87.2% |
| Gross Margin | 97.8% | 97.8% | 95.1% | 0.1pp | 2.8pp |
| Net Margin | 30.8% | 26.6% | 28.9% | 4.2pp | 1.9pp |
| EPS (Diluted) | $0.73 | $0.57 | $0.58 | 28.1% | 25.9% |
| Free Cash Flow | -$4.9B | $13.1B | $10.0B | -137.6% | -149.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $104M |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $984M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.0B |
| Interest Income | $2.0B |
| Interest Expense | $104M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $476M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $283M |
| EBIT | $2.0B |
| EBITDA | $2.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $104M |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $984M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $2.0B |
| Interest Income | $2.0B |
| Interest Expense | $104M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $476M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $283M |
| EBIT | $2.0B |
| EBITDA | $2.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $283M |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $716M |
| Change in Working Capital | -$7.3B |
| OPERATING CASH FLOW | -$4.7B |
| Capital Expenditure | -$186M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41.7B |
| Sales/Maturities of Investments | $30.5B |
| Other Investing Activities | -$1.8B |
| NET CASH FROM INVESTING | -$13.2B |
| Net Debt Issuance | $6.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$445M |
| Other Financing Activities | $11.9B |
| NET CASH FROM FINANCING | $20.8B |
| FREE CASH FLOW | -$4.9B |
| Net Change in Cash | $2.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48.2B |
| Short-Term Investments | $342.0B |
| Net Receivables | $74.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $464.9B |
| PP&E (Net) | $3.1B |
| Goodwill | $12.0B |
| Intangible Assets | $9.8B |
| Long-Term Investments | $25.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $48.3B |
| TOTAL NON-CURRENT ASSETS | $98.6B |
| TOTAL ASSETS | $563.5B |
| Account Payables | $101.3B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $378.5B |
| TOTAL CURRENT LIABILITIES | $490.2B |
| Long-Term Debt | $17.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17.7B |
| TOTAL LIABILITIES | $507.9B |
| Common Stock | $21M |
| Additional Paid-In Capital | $26.6B |
| Retained Earnings | $23.0B |
| Treasury Stock | -$5.5B |
| Accum. Other Comp. Income | $878M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $55.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $55.6B |
| TOTAL LIABILITIES & EQUITY | $563.5B |
| Total Debt | $20.2B |
| Net Debt | -$28.0B |
