| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $1.2B | 15.5% | 9.7% |
| Op. Income | $231M | $150M | $188M | 54.0% | 22.9% |
| Gross Margin | 47.2% | 43.6% | 45.6% | 3.7pp | 1.6pp |
| Net Margin | 15.2% | 10.2% | 14.2% | 5.0pp | 1.0pp |
| EPS (Diluted) | $3.70 | $2.16 | $3.10 | 71.3% | 19.4% |
| Free Cash Flow | $413M | $160M | $248M | 158.1% | 66.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $690M |
| GROSS PROFIT | $618M |
| R&D Expenses | $137M |
| Selling & Marketing | $133M |
| General & Administrative | $85M |
| SG&A Expenses | $218M |
| Other Expenses | $32M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $43M |
| EBIT | $223M |
| EBITDA | $266M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $690M |
| GROSS PROFIT | $618M |
| R&D Expenses | $137M |
| Selling & Marketing | $133M |
| General & Administrative | $85M |
| SG&A Expenses | $218M |
| Other Expenses | $32M |
| Operating Expenses | $387M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $231M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $216M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $43M |
| EBIT | $223M |
| EBITDA | $266M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $199M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $206M |
| OPERATING CASH FLOW | $431M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$326M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | -$288M |
| FREE CASH FLOW | $413M |
| Net Change in Cash | $124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $524M |
| Inventory | $511M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $409M |
| Goodwill | $3.0B |
| Intangible Assets | $402M |
| Long-Term Investments | $77M |
| Tax Assets | $139M |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $601M |
| Short-Term Debt | $364M |
| Deferred Revenue | $308M |
| Other Current Liabilities | $377M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $881M |
| Deferred Revenue NC | $273M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $395M |
| Retained Earnings | $2.7B |
| Treasury Stock | -$919M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |