| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $480M | $492M | $597M | -2.3% | -19.5% |
| Op. Income | $560M | $226M | $176M | 147.6% | 218.2% |
| Gross Margin | 142.3% | 76.8% | 53.2% | 65.5pp | 89.1pp |
| Net Margin | 90.1% | 34.8% | 23.7% | 55.3pp | 66.4pp |
| EPS (Diluted) | $1.14 | $0.45 | $0.33 | 153.3% | 245.5% |
| Free Cash Flow | $26M | -$147M | $62M | 118.0% | -57.1% |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | -$203M |
| GROSS PROFIT | $684M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $56M |
| Operating Expenses | $124M |
| Cost & Expenses | -$80M |
| OPERATING INCOME | $560M |
| Interest Income | $480M |
| Interest Expense | $113M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $560M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $431M |
| D&A | $4M |
| EBIT | $560M |
| EBITDA | $564M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | -$203M |
| GROSS PROFIT | $684M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | $56M |
| Operating Expenses | $124M |
| Cost & Expenses | -$80M |
| OPERATING INCOME | $560M |
| Interest Income | $480M |
| Interest Expense | $113M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $560M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $433M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $431M |
| D&A | $4M |
| EBIT | $560M |
| EBITDA | $564M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $433M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | -$288M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$186M |
| Sales/Maturities of Investments | $278M |
| Other Investing Activities | $242M |
| NET CASH FROM INVESTING | $334M |
| Net Debt Issuance | $242M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$494M |
| NET CASH FROM FINANCING | -$265M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $155M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $234M |
| TOTAL NON-CURRENT ASSETS | $22.5B |
| TOTAL ASSETS | $30.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22.7B |
| TOTAL CURRENT LIABILITIES | $22.7B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $352M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $28.2B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$799M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $30.8B |
| Total Debt | $5.2B |
| Net Debt | $734M |
