| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.3B | $2.2B | 9.8% | 16.9% |
| Op. Income | -$81M | -$47M | -$90M | -72.5% | 10.4% |
| Gross Margin | 26.5% | 24.8% | 25.6% | 1.8pp | 1.0pp |
| Net Margin | -5.8% | -5.1% | -11.3% | -0.7pp | 5.5pp |
| EPS (Diluted) | $-0.63 | $-0.57 | $-1.17 | -10.2% | 46.0% |
| Free Cash Flow | $84M | $123M | $200M | -31.4% | -57.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $672M |
| R&D Expenses | $271M |
| Selling & Marketing | $344M |
| General & Administrative | $138M |
| SG&A Expenses | $482M |
| Other Expenses | $0 |
| Operating Expenses | $753M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | -$81M |
| Interest Income | $5M |
| Interest Expense | $133M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | -$209M |
| Income Tax Expense | -$63M |
| Net Income from Continuing Ops | -$146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$146M |
| D&A | $34M |
| EBIT | -$76M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$146M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $120M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $125M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$227M |
| Purchases of Investments | -$475M |
| Sales/Maturities of Investments | $590M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $61M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $696M |
| Net Receivables | $546M |
| Inventory | $0 |
| Other Current Assets | $176M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $884M |
| Goodwill | $859M |
| Intangible Assets | $113M |
| Long-Term Investments | $2.7B |
| Tax Assets | $18M |
| Other Non-Current Assets | $91M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $507M |
| Short-Term Debt | $0 |
| Deferred Revenue | $444M |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $725M |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | -$3.8B |
| Treasury Stock | -$204M |
| Accum. Other Comp. Income | $2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $674M |
| Net Debt | -$670M |
