| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $3.0B | -2.1% | -1.8% |
| Op. Income | $410M | $263M | $300M | 56.1% | 36.8% |
| Gross Margin | 31.0% | 29.2% | 27.6% | 1.9pp | 3.4pp |
| Net Margin | 11.2% | 6.1% | 7.7% | 5.1pp | 3.5pp |
| EPS (Diluted) | $1.60 | $0.89 | $1.13 | 79.8% | 41.6% |
| Free Cash Flow | $430M | $680M | $404M | -36.7% | 6.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $909M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $242M |
| SG&A Expenses | $242M |
| Other Expenses | $258M |
| Operating Expenses | $500M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $410M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $410M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $329M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $329M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $329M |
| D&A | $30M |
| EBIT | $455M |
| EBITDA | $485M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $909M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $242M |
| SG&A Expenses | $242M |
| Other Expenses | $258M |
| Operating Expenses | $500M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $410M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $410M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $329M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $329M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $329M |
| D&A | $30M |
| EBIT | $455M |
| EBITDA | $485M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $329M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $124M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $455M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $732M |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | -$399M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$61M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $430M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $463M |
| Goodwill | $352M |
| Intangible Assets | $0 |
| Long-Term Investments | $52.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $15.7B |
| TOTAL NON-CURRENT ASSETS | $68.9B |
| TOTAL ASSETS | $70.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $414M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $414M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $425M |
| Other Non-Current Liabilities | $55.2B |
| TOTAL NON-CURRENT LIABILITIES | $59.1B |
| TOTAL LIABILITIES | $59.5B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $11.8B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $70.6B |
| Total Debt | $3.4B |
| Net Debt | $3.3B |
