| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $2.1B | 8.1% | 6.2% |
| Op. Income | -$503M | $478M | $399M | -205.2% | -226.1% |
| Gross Margin | 51.0% | 50.4% | 50.0% | 0.6pp | 0.9pp |
| Net Margin | -30.9% | 13.4% | 11.8% | -44.4pp | -42.7pp |
| EPS (Diluted) | $-1.60 | $0.60 | $0.50 | -366.7% | -420.0% |
| Free Cash Flow | $448M | $362M | $408M | 23.8% | 9.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $67M |
| Selling & Marketing | $293M |
| General & Administrative | $154M |
| SG&A Expenses | $447M |
| Other Expenses | $1.1B |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | -$503M |
| Interest Income | $0 |
| Interest Expense | $97M |
| Other Income/Expenses | -$101M |
| INCOME BEFORE TAX | -$604M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | -$677M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$677M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | -$675M |
| D&A | $139M |
| EBIT | -$507M |
| EBITDA | -$368M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$677M |
| Depreciation & Amortization | $139M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $63M |
| Other Non-Cash Items | $999M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $568M |
| Capital Expenditure | -$120M |
| Acquisitions (Net) | -$272M |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$397M |
| Net Debt Issuance | $648M |
| Common Stock Repurchased | -$685M |
| Common Dividends Paid | -$62M |
| Other Financing Activities | -$33M |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | $448M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $672M |
| Inventory | $10M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $967M |
| PP&E (Net) | $2.1B |
| Goodwill | $3.1B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $332M |
| Tax Assets | $111M |
| Other Non-Current Assets | $405M |
| TOTAL NON-CURRENT ASSETS | $9.4B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $1.2B |
| Short-Term Debt | $1M |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $118M |
| Deferred Tax Liabilities | $266M |
| Other Non-Current Liabilities | $149M |
| TOTAL NON-CURRENT LIABILITIES | $9.5B |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $4M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.3B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $9.0B |
| Net Debt | $8.9B |
