| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.5B | $9.8B | $9.8B | 6.8% | 6.4% |
| Op. Income | $1.1B | $1.0B | $1.1B | 9.9% | 3.6% |
| Gross Margin | 28.8% | 28.2% | 28.9% | 0.6pp | -0.1pp |
| Net Margin | 7.9% | 7.8% | 7.8% | 0.2pp | 0.2pp |
| EPS (Diluted) | $0.68 | $0.62 | $0.61 | 9.7% | 11.5% |
| Free Cash Flow | $560M | $489M | $618M | 14.5% | -9.4% |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | $12M |
| Interest Expense | $15M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $294M |
| Net Income from Continuing Ops | $828M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $828M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $828M |
| D&A | $220M |
| EBIT | $1.1B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.5B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | $1.1B |
| Interest Income | $12M |
| Interest Expense | $15M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $294M |
| Net Income from Continuing Ops | $828M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $828M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $828M |
| D&A | $220M |
| EBIT | $1.1B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $828M |
| Depreciation & Amortization | $220M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | $974M |
| Capital Expenditure | -$415M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$418M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$491M |
| Common Dividends Paid | -$278M |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | -$695M |
| FREE CASH FLOW | $560M |
| Net Change in Cash | -$126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $443M |
| Inventory | $6.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.4B |
| PP&E (Net) | $14.3B |
| Goodwill | $96M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $492M |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $24.3B |
| Account Payables | $3.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $204M |
| Other Non-Current Liabilities | $798M |
| TOTAL NON-CURRENT LIABILITIES | $11.1B |
| TOTAL LIABILITIES | $18.7B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$637M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $24.3B |
| Total Debt | $11.5B |
| Net Debt | $9.4B |
