| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $292M | $309M | 42.4% | 34.9% |
| Op. Income | $191M | $83M | $77M | 129.2% | 147.3% |
| Gross Margin | 95.8% | 90.2% | 85.3% | 5.6pp | 10.5pp |
| Net Margin | 37.5% | 25.0% | 21.5% | 12.5pp | 16.0pp |
| EPS (Diluted) | $3.24 | $1.52 | $1.35 | 113.2% | 140.0% |
| Free Cash Flow | $145M | $102M | $126M | 41.5% | 14.4% |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $399M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $136M |
| SG&A Expenses | $140M |
| Other Expenses | $68M |
| Operating Expenses | $208M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $191M |
| Interest Income | $207M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $16M |
| EBIT | $191M |
| EBITDA | $207M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $399M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $136M |
| SG&A Expenses | $140M |
| Other Expenses | $68M |
| Operating Expenses | $208M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $191M |
| Interest Income | $207M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $191M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $156M |
| D&A | $16M |
| EBIT | $191M |
| EBITDA | $207M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $156M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$76M |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $613M |
| Other Investing Activities | -$762M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $2.7B |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | $145M |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $9.3B |
| Net Receivables | $329M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.2B |
| PP&E (Net) | $229M |
| Goodwill | $181M |
| Intangible Assets | $85M |
| Long-Term Investments | $17.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $20.0B |
| TOTAL ASSETS | $33.1B |
| Account Payables | $0 |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.1B |
| TOTAL CURRENT LIABILITIES | $29.7B |
| Long-Term Debt | $270M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $424M |
| TOTAL LIABILITIES | $30.1B |
| Common Stock | $55M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$338M |
| Accum. Other Comp. Income | $318M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $33.1B |
| Total Debt | $2.6B |
| Net Debt | -$956M |
