| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $3.0B | -0.3% | -14.5% |
| Op. Income | $889M | $888M | $1.2B | 0.1% | -28.1% |
| Gross Margin | 96.4% | 96.2% | 91.2% | 0.2pp | 5.2pp |
| Net Margin | 27.5% | 26.3% | 32.0% | 1.1pp | -4.5pp |
| EPS (Diluted) | $0.48 | $0.48 | $0.70 | 0.0% | -31.4% |
| Free Cash Flow | -$210M | -$16.6B | $5.2B | 98.7% | -104.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $92M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $544M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $889M |
| Interest Income | $1.4B |
| Interest Expense | $92M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $889M |
| Income Tax Expense | $191M |
| Net Income from Continuing Ops | $698M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $698M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $615M |
| D&A | $122M |
| EBIT | $889M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $92M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $544M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $889M |
| Interest Income | $1.4B |
| Interest Expense | $92M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $889M |
| Income Tax Expense | $191M |
| Net Income from Continuing Ops | $698M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $698M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $615M |
| D&A | $122M |
| EBIT | $889M |
| EBITDA | $1.0B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $698M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $585M |
| Change in Working Capital | -$1.5B |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$130M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$45.2B |
| Sales/Maturities of Investments | $20.8B |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | -$26.0B |
| Net Debt Issuance | -$700M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$327M |
| Other Financing Activities | $19.2B |
| NET CASH FROM FINANCING | $18.1B |
| FREE CASH FLOW | -$210M |
| Net Change in Cash | -$8.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27.5B |
| Short-Term Investments | $303.8B |
| Net Receivables | $25.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $356.7B |
| PP&E (Net) | $2.3B |
| Goodwill | $1.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $22.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $35.0B |
| TOTAL NON-CURRENT ASSETS | $62.7B |
| TOTAL ASSETS | $419.4B |
| Account Payables | $52.0B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $328.2B |
| TOTAL CURRENT LIABILITIES | $380.2B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $388.0B |
| Common Stock | $15M |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | $21.3B |
| Treasury Stock | -$5.7B |
| Accum. Other Comp. Income | $5.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $31.3B |
| TOTAL LIABILITIES & EQUITY | $419.4B |
| Total Debt | $7.8B |
| Net Debt | -$19.6B |
