| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.2B | $3.8B | 17.8% | 1.2% |
| Op. Income | $1.6B | $1.2B | $1.6B | 31.0% | 1.3% |
| Gross Margin | 64.3% | 64.3% | 64.9% | -0.0pp | -0.6pp |
| Net Margin | 35.4% | 42.6% | 37.8% | -7.2pp | -2.3pp |
| EPS (Diluted) | $1.45 | $1.48 | $1.49 | -2.0% | -2.7% |
| Free Cash Flow | $1.3B | $1.6B | $1.8B | -18.4% | -29.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $386M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $407M |
| Other Expenses | $51M |
| Operating Expenses | $844M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $234M |
| 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 | $1.3B |
| D&A | $250M |
| EBIT | $1.6B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $386M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $407M |
| Other Expenses | $51M |
| Operating Expenses | $844M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $234M |
| 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 | $1.3B |
| D&A | $250M |
| EBIT | $1.6B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $250M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$51M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$146M |
| Acquisitions (Net) | $146M |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $510M |
| Other Investing Activities | -$159M |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$825M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$726M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $2.7B |
| Net Receivables | $1.4B |
| Inventory | $2.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $3.2B |
| Goodwill | $4.4B |
| Intangible Assets | $322M |
| Long-Term Investments | $47M |
| Tax Assets | $299M |
| Other Non-Current Assets | $728M |
| TOTAL NON-CURRENT ASSETS | $8.9B |
| TOTAL ASSETS | $18.2B |
| Account Payables | $411M |
| Short-Term Debt | $550M |
| Deferred Revenue | $44M |
| Other Current Liabilities | -$44M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $69M |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $9.9B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $41.3B |
| Treasury Stock | -$36.6B |
| Accum. Other Comp. Income | -$335M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.3B |
| TOTAL LIABILITIES & EQUITY | $18.2B |
| Total Debt | $6.8B |
| Net Debt | $4.0B |
