| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $815M | $747M | $743M | 9.1% | 9.6% |
| Op. Income | $178M | $179M | $163M | -0.4% | 9.2% |
| Gross Margin | 44.5% | 44.4% | 43.8% | 0.1pp | 0.7pp |
| Net Margin | 16.8% | 18.9% | 17.0% | -2.1pp | -0.2pp |
| EPS (Diluted) | $0.81 | $0.84 | $0.74 | -3.6% | 9.5% |
| Free Cash Flow | $202M | $233M | $212M | -13.0% | -4.5% |
| Item | Amount |
|---|---|
| REVENUE | $815M |
| Cost of Revenue | $452M |
| GROSS PROFIT | $363M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $0 |
| Operating Expenses | $185M |
| Cost & Expenses | $637M |
| OPERATING INCOME | $178M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $19M |
| EBIT | $178M |
| EBITDA | $197M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $815M |
| Cost of Revenue | $452M |
| GROSS PROFIT | $363M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $0 |
| Operating Expenses | $185M |
| Cost & Expenses | $637M |
| OPERATING INCOME | $178M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $137M |
| D&A | $19M |
| EBIT | $178M |
| EBITDA | $197M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $137M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.6B |
| NET CASH FROM FINANCING | $164M |
| FREE CASH FLOW | $202M |
| Net Change in Cash | $381M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $381M |
| Short-Term Investments | $0 |
| Net Receivables | $447M |
| Inventory | $234M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $137M |
| Goodwill | $1.1B |
| Intangible Assets | $251M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $411M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $367M |
| Short-Term Debt | $11M |
| Deferred Revenue | $88M |
| Other Current Liabilities | $202M |
| TOTAL CURRENT LIABILITIES | $838M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $58M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $194M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $187M |
| Minority Interest | $4M |
| TOTAL EQUITY | $191M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.8B |
| Net Debt | $1.5B |
