| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $2.5B | $2.8B | 68.2% | 54.0% |
| Op. Income | $1.5B | $889M | $1.1B | 66.0% | 32.7% |
| Gross Margin | 97.8% | 96.4% | 93.9% | 1.4pp | 3.8pp |
| Net Margin | 26.6% | 27.5% | 30.7% | -0.9pp | -4.1pp |
| EPS (Diluted) | $0.57 | $0.48 | $0.62 | 18.7% | -8.1% |
| Free Cash Flow | $13.1B | -$210M | $4.1B | 6333.8% | 218.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $96M |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $995M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $1.5B |
| Interest Income | $1.9B |
| Interest Expense | $96M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $341M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $277M |
| EBIT | $1.5B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $96M |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $995M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $1.5B |
| Interest Income | $1.9B |
| Interest Expense | $96M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $341M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $277M |
| EBIT | $1.5B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $277M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $535M |
| Change in Working Capital | $11.2B |
| OPERATING CASH FLOW | $13.3B |
| Capital Expenditure | -$166M |
| Acquisitions (Net) | $12.0B |
| Purchases of Investments | -$55.3B |
| Sales/Maturities of Investments | $22.5B |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$22.4B |
| Net Debt Issuance | $2.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$406M |
| Other Financing Activities | $37.3B |
| NET CASH FROM FINANCING | $41.3B |
| FREE CASH FLOW | $13.1B |
| Net Change in Cash | $32.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40.3B |
| Short-Term Investments | $337.4B |
| Net Receivables | $67.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $445.7B |
| PP&E (Net) | $3.8B |
| Goodwill | $12.0B |
| Intangible Assets | $10.0B |
| Long-Term Investments | $25.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $52.0B |
| TOTAL NON-CURRENT ASSETS | $103.3B |
| TOTAL ASSETS | $549.0B |
| Account Payables | $104.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $370.6B |
| TOTAL CURRENT LIABILITIES | $479.3B |
| Long-Term Debt | $13.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.6B |
| TOTAL LIABILITIES | $492.9B |
| Common Stock | $21M |
| Additional Paid-In Capital | $26.5B |
| Retained Earnings | $22.0B |
| Treasury Stock | -$5.6B |
| Accum. Other Comp. Income | $5.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $56.1B |
| TOTAL LIABILITIES & EQUITY | $549.0B |
| Total Debt | $13.6B |
| Net Debt | -$26.7B |
