| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $737M | $766M | $767M | -3.8% | -3.9% |
| Op. Income | $148M | $200M | $160M | -26.1% | -7.6% |
| Gross Margin | 45.3% | 49.0% | 40.7% | -3.7pp | 4.6pp |
| Net Margin | 17.6% | 23.6% | 18.8% | -6.0pp | -1.2pp |
| EPS (Diluted) | $0.77 | $1.06 | $0.83 | -27.4% | -7.2% |
| Free Cash Flow | $180M | $220M | $122M | -18.1% | 47.9% |
| Item | Amount |
|---|---|
| REVENUE | $737M |
| Cost of Revenue | $403M |
| GROSS PROFIT | $334M |
| R&D Expenses | $117M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $15M |
| Operating Expenses | $187M |
| Cost & Expenses | $589M |
| OPERATING INCOME | $148M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $91M |
| EBIT | $144M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $737M |
| Cost of Revenue | $403M |
| GROSS PROFIT | $334M |
| R&D Expenses | $117M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $15M |
| Operating Expenses | $187M |
| Cost & Expenses | $589M |
| OPERATING INCOME | $148M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $144M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $91M |
| EBIT | $144M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$261M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$255M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | -$74M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | $180M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $791M |
| Short-Term Investments | $347M |
| Net Receivables | $346M |
| Inventory | $698M |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.2B |
| Intangible Assets | $63M |
| Long-Term Investments | $24M |
| Tax Assets | $43M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $201M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $106M |
| TOTAL CURRENT LIABILITIES | $401M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $333M |
| TOTAL NON-CURRENT LIABILITIES | $489M |
| TOTAL LIABILITIES | $890M |
| Common Stock | $42M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $156M |
| Net Debt | -$636M |
