| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $5.9B | $5.8B | -17.4% | -17.2% |
| Op. Income | $3.0B | $3.9B | $3.9B | -23.6% | -23.3% |
| Gross Margin | 77.0% | 80.8% | 81.9% | -3.8pp | -4.9pp |
| Net Margin | 49.1% | 52.7% | 53.1% | -3.6pp | -4.0pp |
| EPS (Diluted) | $1.07 | $1.38 | $1.37 | -22.5% | -21.9% |
| Free Cash Flow | $2.8B | $1.3B | $3.2B | 127.1% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $174M |
| General & Administrative | $353M |
| SG&A Expenses | $527M |
| Other Expenses | $198M |
| Operating Expenses | $725M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $142M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $559M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $197M |
| EBIT | $3.1B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $174M |
| General & Administrative | $353M |
| SG&A Expenses | $527M |
| Other Expenses | $198M |
| Operating Expenses | $725M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $3.0B |
| Interest Income | $0 |
| Interest Expense | $142M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $559M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $197M |
| EBIT | $3.1B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $197M |
| Stock-Based Compensation | $107M |
| Deferred Income Tax | -$79M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$161M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$274M |
| Sales/Maturities of Investments | $258M |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$663M |
| Other Financing Activities | -$88M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $4.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.9B |
| Short-Term Investments | $2.7B |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | $4.1B |
| TOTAL CURRENT ASSETS | $25.0B |
| PP&E (Net) | $2.7B |
| Goodwill | $15.8B |
| Intangible Assets | $27.2B |
| Long-Term Investments | $547M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $52.9B |
| TOTAL ASSETS | $77.9B |
| Account Payables | $153M |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.2B |
| TOTAL CURRENT LIABILITIES | $16.1B |
| Long-Term Debt | $17.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.7B |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $26.3B |
| TOTAL LIABILITIES | $42.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $16.5B |
| Retained Earnings | $14.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$279M |
| Other Equity | -$24M |
| TOTAL STOCKHOLDERS' EQUITY | $35.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $35.5B |
| TOTAL LIABILITIES & EQUITY | $77.9B |
| Total Debt | $20.9B |
| Net Debt | $7.0B |
