| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $4.9B | $5.2B | 4.5% | -1.4% |
| Op. Income | $2.0B | $2.0B | $2.1B | -1.2% | -4.5% |
| Gross Margin | 49.0% | 47.4% | 44.7% | 1.6pp | 4.3pp |
| Net Margin | 26.8% | 27.7% | 26.9% | -0.9pp | -0.1pp |
| EPS (Diluted) | $2.05 | $2.01 | $2.02 | 2.0% | 1.5% |
| Free Cash Flow | $1.9B | $906M | $1.4B | 111.3% | 38.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $513M |
| Operating Expenses | $513M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $1M |
| Interest Expense | $279M |
| Other Income/Expenses | -$213M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $413M |
| 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 | $1.4B |
| D&A | $557M |
| EBIT | $2.1B |
| EBITDA | $2.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $513M |
| Operating Expenses | $513M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.0B |
| Interest Income | $1M |
| Interest Expense | $279M |
| Other Income/Expenses | -$213M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $413M |
| 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 | $1.4B |
| D&A | $557M |
| EBIT | $2.1B |
| EBITDA | $2.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $557M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $240M |
| Change in Working Capital | $341M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$633M |
| Acquisitions (Net) | $30M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$595M |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$749M |
| Common Dividends Paid | -$652M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | -$800M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $60M |
| Net Receivables | $1.5B |
| Inventory | $638M |
| Other Current Assets | $212M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $55.1B |
| Goodwill | $0 |
| Intangible Assets | $679M |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $58.2B |
| TOTAL ASSETS | $62.4B |
| Account Payables | $612M |
| Short-Term Debt | $960M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $592M |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $25.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12.2B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $41.3B |
| TOTAL LIABILITIES | $45.4B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | $51.3B |
| Treasury Stock | -$40.4B |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.0B |
| TOTAL LIABILITIES & EQUITY | $62.4B |
| Total Debt | $28.3B |
| Net Debt | $26.5B |
