| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.6B | $8.5B | $6.8B | 23.8% | 54.5% |
| Op. Income | $3.1B | $2.4B | $1.3B | 31.2% | 147.1% |
| Gross Margin | 50.1% | 50.9% | 40.0% | -0.7pp | 10.1pp |
| Net Margin | 23.7% | 22.7% | 14.7% | 1.0pp | 9.0pp |
| EPS (Diluted) | $6.24 | $4.84 | $2.49 | 28.9% | 150.6% |
| Free Cash Flow | $2.8B | $2.3B | $1.6B | 17.5% | 69.5% |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $376M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $3.1B |
| Interest Income | $12M |
| Interest Expense | $146M |
| Other Income/Expenses | -$243M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $394M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $602M |
| EBIT | $3.0B |
| EBITDA | $3.6B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $10.6B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $376M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $7.4B |
| OPERATING INCOME | $3.1B |
| Interest Income | $12M |
| Interest Expense | $146M |
| Other Income/Expenses | -$243M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $394M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $602M |
| EBIT | $3.0B |
| EBITDA | $3.6B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $602M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | $131M |
| Change in Working Capital | $113M |
| OPERATING CASH FLOW | $3.3B |
| Capital Expenditure | -$586M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$626M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | -$87M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.3B |
| Short-Term Investments | $0 |
| Net Receivables | $6.5B |
| Inventory | $4.0B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $22.0B |
| PP&E (Net) | $6.7B |
| Goodwill | $26.0B |
| Intangible Assets | $12.7B |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $47.1B |
| TOTAL ASSETS | $69.1B |
| Account Payables | $2.2B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $19.1B |
| Deferred Revenue NC | $763M |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $24.2B |
| TOTAL LIABILITIES | $34.5B |
| Common Stock | $437M |
| Additional Paid-In Capital | $15.6B |
| Retained Earnings | $28.1B |
| Treasury Stock | -$6.8B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34.5B |
| Minority Interest | $10M |
| TOTAL EQUITY | $34.5B |
| TOTAL LIABILITIES & EQUITY | $69.1B |
| Total Debt | $22.5B |
| Net Debt | $12.2B |
