| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | $3.0B | -0.8% | 1.2% |
| Op. Income | $2.7B | $2.8B | $371M | -1.6% | 640.0% |
| Gross Margin | 100.0% | 100.0% | 98.6% | 0.0pp | 1.4pp |
| Net Margin | 7.7% | 8.8% | 8.2% | -1.1pp | -0.5pp |
| EPS (Diluted) | $1.13 | $1.30 | $1.16 | -13.1% | -2.6% |
| Free Cash Flow | $404M | $594M | $272M | -31.9% | 49.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $253M |
| Operating Expenses | $253M |
| Cost & Expenses | $253M |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $253M |
| Operating Expenses | $253M |
| Cost & Expenses | $253M |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $231M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $231M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $231M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $231M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $143M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $426M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $600.0K |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$58M |
| Other Financing Activities | -$417M |
| NET CASH FROM FINANCING | -$489M |
| FREE CASH FLOW | $404M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $509M |
| Goodwill | $351M |
| Intangible Assets | $2.3B |
| Long-Term Investments | -$211M |
| Tax Assets | $211M |
| Other Non-Current Assets | $66.2B |
| TOTAL NON-CURRENT ASSETS | $69.5B |
| TOTAL ASSETS | $69.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$395M |
| TOTAL CURRENT LIABILITIES | $395M |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $31M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $11.2B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $478M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $3.4B |
| Net Debt | $3.3B |
