| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.1B | $5.5B | -3.3% | 6.6% |
| Op. Income | $3.9B | $4.0B | $3.6B | -2.3% | 7.8% |
| Gross Margin | 80.8% | 80.8% | 80.6% | 0.0pp | 0.2pp |
| Net Margin | 52.7% | 54.0% | 54.2% | -1.4pp | -1.5pp |
| EPS (Diluted) | $1.38 | $1.46 | $1.31 | -5.5% | 5.3% |
| Free Cash Flow | $1.3B | $3.7B | $1.9B | -66.0% | -34.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $235M |
| General & Administrative | $372M |
| SG&A Expenses | $607M |
| Other Expenses | $200M |
| Operating Expenses | $807M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $3.9B |
| Interest Income | $0 |
| Interest Expense | $118M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $745M |
| Net Income from Continuing Ops | $3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $192M |
| EBIT | $3.9B |
| EBITDA | $4.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $235M |
| General & Administrative | $372M |
| SG&A Expenses | $607M |
| Other Expenses | $200M |
| Operating Expenses | $807M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $3.9B |
| Interest Income | $0 |
| Interest Expense | $118M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | $3.8B |
| Income Tax Expense | $745M |
| Net Income from Continuing Ops | $3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $192M |
| EBIT | $3.9B |
| EBITDA | $4.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.1B |
| Depreciation & Amortization | $192M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | -$3.6B |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$216M |
| Acquisitions (Net) | $216M |
| Purchases of Investments | -$120M |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$220M |
| NET CASH FROM INVESTING | $1.9B |
| Net Debt Issuance | $1.0B |
| Common Stock Repurchased | -$3.1B |
| Common Dividends Paid | -$668M |
| Other Financing Activities | $46M |
| NET CASH FROM FINANCING | -$2.8B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $553M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.7B |
| Short-Term Investments | $2.4B |
| Net Receivables | $2.9B |
| Inventory | $0 |
| Other Current Assets | $3.9B |
| TOTAL CURRENT ASSETS | $19.9B |
| PP&E (Net) | $2.8B |
| Goodwill | $15.8B |
| Intangible Assets | $27.0B |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.3B |
| TOTAL NON-CURRENT ASSETS | $52.9B |
| TOTAL ASSETS | $72.8B |
| Account Payables | $161M |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.2B |
| TOTAL CURRENT LIABILITIES | $15.9B |
| Long-Term Debt | $13.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.8B |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $22.3B |
| TOTAL LIABILITIES | $38.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.4B |
| Retained Earnings | $13.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$444M |
| Other Equity | -$184M |
| TOTAL STOCKHOLDERS' EQUITY | $34.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $34.6B |
| TOTAL LIABILITIES & EQUITY | $72.8B |
| Total Debt | $17.9B |
| Net Debt | $8.2B |
