| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $864M | $872M | $855M | -1.0% | 1.0% |
| Op. Income | $158M | $143M | $151M | 10.8% | 5.1% |
| Gross Margin | 98.6% | 96.3% | 94.7% | 2.3pp | 3.8pp |
| Net Margin | 14.0% | 12.4% | 12.8% | 1.6pp | 1.2pp |
| EPS (Diluted) | $0.97 | $0.93 | $0.89 | 4.3% | 9.0% |
| Free Cash Flow | $423M | $900M | $329M | -53.0% | 28.5% |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $851M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $534M |
| SG&A Expenses | $534M |
| Other Expenses | $159M |
| Operating Expenses | $693M |
| Cost & Expenses | $705M |
| OPERATING INCOME | $158M |
| Interest Income | $114M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $15M |
| EBIT | $158M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $864M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $851M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $534M |
| SG&A Expenses | $534M |
| Other Expenses | $159M |
| Operating Expenses | $693M |
| Cost & Expenses | $705M |
| OPERATING INCOME | $158M |
| Interest Income | $114M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $15M |
| EBIT | $158M |
| EBITDA | $174M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $203M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $435M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | -$200M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | -$323M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$327M |
| FREE CASH FLOW | $423M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $2.8B |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $937M |
| Goodwill | $1.2B |
| Intangible Assets | $145M |
| Long-Term Investments | $15.8B |
| Tax Assets | $108M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $19.5B |
| TOTAL ASSETS | $25.5B |
| Account Payables | $2.3B |
| Short-Term Debt | $782M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.4B |
| TOTAL CURRENT LIABILITIES | $19.5B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $568M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $11M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$315M |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $25.5B |
| Total Debt | $2.3B |
| Net Debt | $538M |
