| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.8B | $3.0B | -7.5% | -15.1% |
| Op. Income | $888M | $1.0B | $1.2B | -15.2% | -28.2% |
| Gross Margin | 96.2% | 95.1% | 89.4% | 1.1pp | 6.8pp |
| Net Margin | 26.3% | 28.9% | 31.2% | -2.5pp | -4.9pp |
| EPS (Diluted) | $0.48 | $0.58 | $0.66 | -17.2% | -27.3% |
| Free Cash Flow | -$16.6B | $10.0B | $2.0B | -266.9% | -913.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $97M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $559M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $888M |
| Interest Income | $1.5B |
| Interest Expense | $97M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $888M |
| Income Tax Expense | $217M |
| Net Income from Continuing Ops | $671M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $671M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $621M |
| D&A | $109M |
| EBIT | $888M |
| EBITDA | $997M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $97M |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $559M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $888M |
| Interest Income | $1.5B |
| Interest Expense | $97M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $888M |
| Income Tax Expense | $217M |
| Net Income from Continuing Ops | $671M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $671M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $621M |
| D&A | $109M |
| EBIT | $888M |
| EBITDA | $997M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $671M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $404M |
| Change in Working Capital | -$17.7B |
| OPERATING CASH FLOW | -$16.4B |
| Capital Expenditure | -$179M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73.9B |
| Sales/Maturities of Investments | $14.5B |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | -$58.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$266M |
| Other Financing Activities | $24.1B |
| NET CASH FROM FINANCING | $26.3B |
| FREE CASH FLOW | -$16.6B |
| Net Change in Cash | -$48.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33.6B |
| Short-Term Investments | $281.2B |
| Net Receivables | $21.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $336.2B |
| PP&E (Net) | $2.3B |
| Goodwill | $1.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $20.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $38.0B |
| TOTAL NON-CURRENT ASSETS | $64.3B |
| TOTAL ASSETS | $400.5B |
| Account Payables | $50.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $301.6B |
| TOTAL CURRENT LIABILITIES | $361.1B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.5B |
| TOTAL LIABILITIES | $369.7B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $20.9B |
| Treasury Stock | -$5.7B |
| Accum. Other Comp. Income | $5.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.8B |
| TOTAL LIABILITIES & EQUITY | $400.5B |
| Total Debt | $8.5B |
| Net Debt | -$25.0B |
