| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $6.2B | $6.3B | 11.0% | 9.5% |
| Op. Income | $1.4B | $949M | $1.1B | 52.5% | 37.0% |
| Gross Margin | 48.9% | 44.0% | 44.8% | 4.9pp | 4.0pp |
| Net Margin | 16.7% | 12.6% | 17.7% | 4.1pp | -1.0pp |
| EPS (Diluted) | $2.90 | $1.97 | $2.77 | 47.2% | 4.7% |
| Free Cash Flow | $1.6B | $103M | $1.1B | 1469.9% | 50.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $264M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $1.4B |
| Interest Income | $8M |
| Interest Expense | $137M |
| Other Income/Expenses | -$194M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $574M |
| EBIT | $1.4B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $264M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $1.4B |
| Interest Income | $8M |
| Interest Expense | $137M |
| Other Income/Expenses | -$194M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $574M |
| EBIT | $1.4B |
| EBITDA | $2.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $574M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$277M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | $341M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$269M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$259M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$87M |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $0 |
| Net Receivables | $5.2B |
| Inventory | $3.6B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $15.8B |
| PP&E (Net) | $4.9B |
| Goodwill | $25.7B |
| Intangible Assets | $13.2B |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $45.8B |
| TOTAL ASSETS | $61.6B |
| Account Payables | $1.4B |
| Short-Term Debt | $675M |
| Deferred Revenue | $975M |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $6.0B |
| Long-Term Debt | $20.6B |
| Deferred Revenue NC | $624M |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $25.7B |
| TOTAL LIABILITIES | $31.7B |
| Common Stock | $436M |
| Additional Paid-In Capital | $15.3B |
| Retained Earnings | $23.9B |
| Treasury Stock | -$6.8B |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.9B |
| TOTAL LIABILITIES & EQUITY | $61.6B |
| Total Debt | $21.3B |
| Net Debt | $15.5B |
