| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.5B | $6.9B | $6.3B | 23.2% | 35.9% |
| Op. Income | $2.4B | $1.4B | $988M | 65.2% | 142.0% |
| Gross Margin | 50.9% | 48.9% | 44.1% | 2.0pp | 6.7pp |
| Net Margin | 22.7% | 16.7% | 12.1% | 6.0pp | 10.6pp |
| EPS (Diluted) | $4.84 | $2.90 | $1.88 | 66.9% | 157.4% |
| Free Cash Flow | $2.3B | $1.6B | $901M | 44.8% | 159.9% |
| Item | Amount |
|---|---|
| REVENUE | $8.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $296M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | $2.4B |
| Interest Income | $9M |
| Interest Expense | $144M |
| Other Income/Expenses | -$139M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $575M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $8.5B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $4.3B |
| R&D Expenses | $296M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $0 |
| Operating Expenses | $1.9B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | $2.4B |
| Interest Income | $9M |
| Interest Expense | $144M |
| Other Income/Expenses | -$139M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $319M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $575M |
| EBIT | $2.4B |
| EBITDA | $3.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $575M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | -$178M |
| Other Non-Cash Items | $100M |
| Change in Working Capital | $226M |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$366M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$365M |
| Net Debt Issuance | -$710M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$87M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$791M |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $0 |
| Net Receivables | $5.9B |
| Inventory | $3.8B |
| Other Current Assets | $982M |
| TOTAL CURRENT ASSETS | $18.2B |
| PP&E (Net) | $5.2B |
| Goodwill | $25.8B |
| Intangible Assets | $12.9B |
| Long-Term Investments | $40M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $45.8B |
| TOTAL ASSETS | $64.1B |
| Account Payables | $1.7B |
| Short-Term Debt | $2M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $21.1B |
| Deferred Revenue NC | $674M |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $26.0B |
| TOTAL LIABILITIES | $32.2B |
| Common Stock | $437M |
| Additional Paid-In Capital | $15.5B |
| Retained Earnings | $25.7B |
| Treasury Stock | -$6.8B |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $31.8B |
| TOTAL LIABILITIES & EQUITY | $64.1B |
| Total Debt | $21.1B |
| Net Debt | $13.5B |
