| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $766M | $896M | $810M | -14.5% | -5.5% |
| Op. Income | $200M | $277M | $238M | -28.1% | -16.0% |
| Gross Margin | 49.0% | 49.6% | 49.4% | -0.6pp | -0.4pp |
| Net Margin | 23.6% | 28.7% | 26.4% | -5.1pp | -2.8pp |
| EPS (Diluted) | $1.06 | $1.50 | $1.23 | -29.3% | -13.8% |
| Free Cash Flow | $220M | $287M | $83M | -23.6% | 166.1% |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $376M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $4M |
| Operating Expenses | $176M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $200M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $92M |
| EBIT | $201M |
| EBITDA | $293M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $766M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $376M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $4M |
| Operating Expenses | $176M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $200M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $203M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $92M |
| EBIT | $201M |
| EBITDA | $293M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $200.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | $280M |
| Capital Expenditure | -$61M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $152M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$286M |
| Common Dividends Paid | -$75M |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$340M |
| FREE CASH FLOW | $220M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $912M |
| Short-Term Investments | $162M |
| Net Receivables | $368M |
| Inventory | $649M |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.2B |
| Intangible Assets | $85M |
| Long-Term Investments | $34M |
| Tax Assets | $40M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $170M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $114M |
| TOTAL CURRENT LIABILITIES | $362M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $325M |
| TOTAL NON-CURRENT LIABILITIES | $477M |
| TOTAL LIABILITIES | $839M |
| Common Stock | $42M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $4.6B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $152M |
| Net Debt | -$761M |
