| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28.3B | $22.6B | $23.4B | 25.2% | 21.1% |
| Op. Income | $1.8B | $1.9B | $1.2B | -5.1% | 53.3% |
| Gross Margin | 27.7% | 31.5% | 27.1% | -3.8pp | 0.6pp |
| Net Margin | 4.9% | 4.5% | 3.6% | 0.4pp | 1.3pp |
| EPS (Diluted) | $2.73 | $2.01 | $1.63 | 35.8% | 67.5% |
| Free Cash Flow | $2.8B | $1.3B | $2.3B | 113.1% | 21.7% |
| Item | Amount |
|---|---|
| REVENUE | $28.3B |
| Cost of Revenue | $20.5B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.4B |
| Other Expenses | $570M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $26.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $106M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $350M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $637M |
| EBIT | $1.8B |
| EBITDA | $2.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $28.3B |
| Cost of Revenue | $20.5B |
| GROSS PROFIT | $7.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.4B |
| Other Expenses | $570M |
| Operating Expenses | $6.0B |
| Cost & Expenses | $26.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $106M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $350M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $637M |
| EBIT | $1.8B |
| EBITDA | $2.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $637M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$210M |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$640M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | -$606M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$341M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$360M |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.5B |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $10.7B |
| Other Current Assets | $286M |
| TOTAL CURRENT ASSETS | $20.8B |
| PP&E (Net) | $29.1B |
| Goodwill | $631M |
| Intangible Assets | $37M |
| Long-Term Investments | $450M |
| Tax Assets | $0 |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $30.5B |
| TOTAL ASSETS | $51.2B |
| Account Payables | $12.9B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $20.1B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $509M |
| Deferred Tax Liabilities | $990M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $16.7B |
| TOTAL LIABILITIES | $36.8B |
| Common Stock | $42M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $8.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$756M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.4B |
| TOTAL LIABILITIES & EQUITY | $51.2B |
| Total Debt | $15.1B |
| Net Debt | $6.6B |
