| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | $775M | $738M | -8.6% | -4.1% |
| Op. Income | $311M | $455M | $215M | -31.6% | 44.7% |
| Gross Margin | 104.5% | 113.9% | 89.0% | -9.4pp | 15.5pp |
| Net Margin | 33.9% | 45.7% | 23.7% | -11.8pp | 10.2pp |
| EPS (Diluted) | $1.45 | $2.08 | $1.01 | -30.3% | 43.6% |
| Free Cash Flow | $111M | -$232M | $109M | 147.8% | 1.8% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | -$32M |
| GROSS PROFIT | $740M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $293M |
| SG&A Expenses | $302M |
| Other Expenses | $127M |
| Operating Expenses | $429M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $311M |
| Interest Income | $569M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $232M |
| D&A | -$11M |
| EBIT | $311M |
| EBITDA | $300M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | -$32M |
| GROSS PROFIT | $740M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $293M |
| SG&A Expenses | $302M |
| Other Expenses | $127M |
| Operating Expenses | $429M |
| Cost & Expenses | $397M |
| OPERATING INCOME | $311M |
| Interest Income | $569M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $232M |
| D&A | -$11M |
| EBIT | $311M |
| EBITDA | $300M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $240M |
| Depreciation & Amortization | -$11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $180M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.1B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $778M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$443M |
| Common Stock Repurchased | -$324M |
| Common Dividends Paid | -$70M |
| Other Financing Activities | $1.8B |
| NET CASH FROM FINANCING | $942M |
| FREE CASH FLOW | $111M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.0B |
| Short-Term Investments | $20.5B |
| Net Receivables | $293M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $30.8B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $1.0B |
| Long-Term Investments | $50.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $57.5B |
| TOTAL ASSETS | $88.3B |
| Account Payables | $0 |
| Short-Term Debt | $579M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77.9B |
| TOTAL CURRENT LIABILITIES | $78.5B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $80.5B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $88.3B |
| Total Debt | $1.6B |
| Net Debt | -$8.4B |
