| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $2.7B | $3.4B | 35.8% | 9.9% |
| Op. Income | $1.5B | $497M | $1.5B | 206.8% | 1.9% |
| Gross Margin | 87.5% | 81.6% | 86.5% | 6.0pp | 1.1pp |
| Net Margin | 36.7% | 20.2% | 128.8% | 16.5pp | -92.1pp |
| EPS (Diluted) | $2.13 | $0.86 | $6.63 | 147.7% | -67.9% |
| Free Cash Flow | $1.1B | $1.1B | $1.3B | 2.6% | -17.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $465M |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $524M |
| Selling & Marketing | $514M |
| General & Administrative | $335M |
| SG&A Expenses | $849M |
| Other Expenses | $369M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.5B |
| Interest Income | $207M |
| Interest Expense | $0 |
| Other Income/Expenses | $210M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $367M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $15M |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $465M |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $524M |
| Selling & Marketing | $514M |
| General & Administrative | $335M |
| SG&A Expenses | $849M |
| Other Expenses | $369M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.5B |
| Interest Income | $207M |
| Interest Expense | $0 |
| Other Income/Expenses | $210M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $367M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $15M |
| EBIT | $1.5B |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $362M |
| Deferred Income Tax | $239M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$895M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$929M |
| Sales/Maturities of Investments | $731M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$202M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.1B |
| NET CASH FROM FINANCING | -$5.2B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$4.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $3.6B |
| Net Receivables | $6.7B |
| Inventory | $0 |
| Other Current Assets | $318M |
| TOTAL CURRENT ASSETS | $18.3B |
| PP&E (Net) | $262M |
| Goodwill | $0 |
| Intangible Assets | $783M |
| Long-Term Investments | $0 |
| Tax Assets | $2.6B |
| Other Non-Current Assets | $207M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $22.2B |
| Account Payables | $181M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $469M |
| TOTAL CURRENT LIABILITIES | $11.3B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $143M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $12.4B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $22.2B |
| Total Debt | $2.3B |
| Net Debt | -$5.4B |
