| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $712M | $756M | $816M | -5.8% | -12.7% |
| Op. Income | $82M | $16M | $256M | 412.5% | -68.0% |
| Gross Margin | 71.9% | 56.1% | 83.3% | 15.8pp | -11.4pp |
| Net Margin | 9.3% | 1.9% | 24.3% | 7.4pp | -15.0pp |
| EPS (Diluted) | $0.34 | $0.04 | $0.99 | 750.0% | -65.7% |
| Free Cash Flow | $191M | $125M | $227M | 52.8% | -15.9% |
| Item | Amount |
|---|---|
| REVENUE | $712M |
| Cost of Revenue | $200M |
| GROSS PROFIT | $512M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $274M |
| SG&A Expenses | $277M |
| Other Expenses | $153M |
| Operating Expenses | $430M |
| Cost & Expenses | $630M |
| OPERATING INCOME | $82M |
| Interest Income | $595M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $18M |
| EBIT | $82M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $712M |
| Cost of Revenue | $200M |
| GROSS PROFIT | $512M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $274M |
| SG&A Expenses | $277M |
| Other Expenses | $153M |
| Operating Expenses | $430M |
| Cost & Expenses | $630M |
| OPERATING INCOME | $82M |
| Interest Income | $595M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $18M |
| EBIT | $82M |
| EBITDA | $100M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$48M |
| Other Non-Cash Items | $162M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $245M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$5.2B |
| NET CASH FROM INVESTING | -$5.2B |
| Net Debt Issuance | -$3.3B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$64M |
| Other Financing Activities | $8.2B |
| NET CASH FROM FINANCING | $4.8B |
| FREE CASH FLOW | $191M |
| Net Change in Cash | -$160M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $14.4B |
| Net Receivables | $324M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $54.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $59.6B |
| TOTAL ASSETS | $76.4B |
| Account Payables | $0 |
| Short-Term Debt | $860M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $65.7B |
| TOTAL CURRENT LIABILITIES | $66.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $975M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $68.9B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $355M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $76.4B |
| Total Debt | $2.2B |
| Net Debt | $64M |
