| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $3.7B | $2.2B | -33.5% | 11.8% |
| Op. Income | $430M | $1.5B | -$496M | -71.8% | 186.7% |
| Gross Margin | 82.8% | 87.5% | 82.7% | -4.8pp | 0.1pp |
| Net Margin | 18.6% | 36.7% | -15.7% | -18.1pp | 34.3pp |
| EPS (Diluted) | $0.73 | $2.13 | $-0.55 | -65.7% | 232.7% |
| Free Cash Flow | $466M | $1.1B | $93M | -56.8% | 401.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $427M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $538M |
| Selling & Marketing | $547M |
| General & Administrative | $248M |
| SG&A Expenses | $795M |
| Other Expenses | $290M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $430M |
| Interest Income | $183M |
| Interest Expense | $0 |
| Other Income/Expenses | $192M |
| INCOME BEFORE TAX | $622M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $461M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $461M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $459M |
| D&A | $22M |
| EBIT | $430M |
| EBITDA | $452M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $427M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $538M |
| Selling & Marketing | $547M |
| General & Administrative | $248M |
| SG&A Expenses | $795M |
| Other Expenses | $290M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $430M |
| Interest Income | $183M |
| Interest Expense | $0 |
| Other Income/Expenses | $192M |
| INCOME BEFORE TAX | $622M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $461M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $461M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $459M |
| D&A | $22M |
| EBIT | $430M |
| EBITDA | $452M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $461M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $368M |
| Deferred Income Tax | $129M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$496M |
| OPERATING CASH FLOW | $466M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$697M |
| Sales/Maturities of Investments | $526M |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$220M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$838M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$492M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $466M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.9B |
| Short-Term Investments | $3.7B |
| Net Receivables | $6.1B |
| Inventory | $0 |
| Other Current Assets | $491M |
| TOTAL CURRENT ASSETS | $17.2B |
| PP&E (Net) | $291M |
| Goodwill | $750M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $272M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $21.0B |
| Account Payables | $142M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $498M |
| TOTAL CURRENT LIABILITIES | $10.2B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $12.6B |
| Retained Earnings | -$4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $21.0B |
| Total Debt | $2.3B |
| Net Debt | -$4.6B |
