| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.2B | $4.0B | -2.6% | -24.2% |
| Op. Income | $412M | $59M | $1.4B | 598.3% | -70.0% |
| Gross Margin | 48.2% | 33.2% | 60.2% | 15.0pp | -12.0pp |
| Net Margin | 10.2% | 1.5% | 26.1% | 8.7pp | -15.9pp |
| EPS (Diluted) | $0.52 | $0.06 | $1.60 | 721.5% | -67.5% |
| Free Cash Flow | $1.5B | $2.4B | $2.4B | -37.7% | -38.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $107M |
| General & Administrative | $382M |
| SG&A Expenses | $489M |
| Other Expenses | $578M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $412M |
| Interest Income | $3.8B |
| Interest Expense | $380M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $313M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $313M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $303M |
| D&A | $97M |
| EBIT | $412M |
| EBITDA | $509M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $107M |
| General & Administrative | $382M |
| SG&A Expenses | $489M |
| Other Expenses | $578M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $412M |
| Interest Income | $3.8B |
| Interest Expense | $380M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $412M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $313M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $313M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $303M |
| D&A | $97M |
| EBIT | $412M |
| EBITDA | $509M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $313M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $1.2B |
| Deferred Income Tax | -$140M |
| Other Non-Cash Items | $179M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $716M |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$3.2B |
| Net Debt Issuance | -$301M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$129M |
| Other Financing Activities | -$660M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | -$2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.6B |
| Short-Term Investments | $8.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $78.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.0B |
| TOTAL NON-CURRENT ASSETS | $73.7B |
| TOTAL ASSETS | $95.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $63.5B |
| TOTAL CURRENT LIABILITIES | $67.8B |
| Long-Term Debt | $15.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $15.8B |
| TOTAL LIABILITIES | $83.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | $10.0B |
| Treasury Stock | -$8.2B |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $95.7B |
| Total Debt | $15.8B |
| Net Debt | $2.2B |
