| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $594M | $520M | $577M | 14.2% | 2.9% |
| Op. Income | $158M | $155M | $173M | 2.1% | -8.6% |
| Gross Margin | 55.8% | 59.0% | 58.2% | -3.2pp | -2.4pp |
| Net Margin | 21.3% | 23.6% | 23.9% | -2.3pp | -2.6pp |
| EPS (Diluted) | $2.03 | $1.98 | $2.07 | 2.5% | -1.9% |
| Free Cash Flow | $144M | $153M | $103M | -5.7% | 39.6% |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $331M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $3M |
| Operating Expenses | $173M |
| Cost & Expenses | $435M |
| OPERATING INCOME | $158M |
| Interest Income | $4M |
| Interest Expense | $11M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $31M |
| EBIT | $161M |
| EBITDA | $192M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $331M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $3M |
| Operating Expenses | $173M |
| Cost & Expenses | $435M |
| OPERATING INCOME | $158M |
| Interest Income | $4M |
| Interest Expense | $11M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $127M |
| D&A | $31M |
| EBIT | $161M |
| EBITDA | $192M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $127M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $173M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$500.0K |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $215.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$56.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$109M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $375M |
| Short-Term Investments | $22M |
| Net Receivables | $494M |
| Inventory | $327M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $556M |
| Goodwill | $431M |
| Intangible Assets | $255M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $60M |
| Short-Term Debt | $150M |
| Deferred Revenue | $211M |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $722M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $515M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $6.9B |
| Treasury Stock | -$8.8B |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$42M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$42M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.7B |
| Net Debt | $1.3B |
