| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.7B | -1.3% | -17.3% |
| Op. Income | $944M | $412M | $921M | 129.1% | 2.5% |
| Gross Margin | 64.2% | 48.2% | 54.6% | 16.0pp | 9.6pp |
| Net Margin | 24.4% | 10.2% | 20.0% | 14.2pp | 4.4pp |
| EPS (Diluted) | $1.24 | $0.52 | $1.15 | 138.5% | 7.8% |
| Free Cash Flow | $2.1B | $1.5B | $2.3B | 40.7% | -10.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $139M |
| General & Administrative | $306M |
| SG&A Expenses | $445M |
| Other Expenses | $555M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $944M |
| Interest Income | $4.0B |
| Interest Expense | $334M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $944M |
| Income Tax Expense | $206M |
| Net Income from Continuing Ops | $738M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $738M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $728M |
| D&A | $93M |
| EBIT | $944M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $139M |
| General & Administrative | $306M |
| SG&A Expenses | $445M |
| Other Expenses | $555M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $944M |
| Interest Income | $4.0B |
| Interest Expense | $334M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $944M |
| Income Tax Expense | $206M |
| Net Income from Continuing Ops | $738M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $738M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $728M |
| D&A | $93M |
| EBIT | $944M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $738M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $750M |
| Deferred Income Tax | -$134M |
| Other Non-Cash Items | $174M |
| Change in Working Capital | $465M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $3.4B |
| Other Investing Activities | -$4.2B |
| NET CASH FROM INVESTING | -$3.3B |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$128M |
| Other Financing Activities | -$709M |
| NET CASH FROM FINANCING | -$848M |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.5B |
| Short-Term Investments | $7.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $81.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.1B |
| TOTAL NON-CURRENT ASSETS | $77.0B |
| TOTAL ASSETS | $95.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62.8B |
| TOTAL CURRENT LIABILITIES | $67.5B |
| 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 | $83.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | $10.6B |
| Treasury Stock | -$8.2B |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $95.9B |
| Total Debt | $15.8B |
| Net Debt | $4.3B |
