| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | $4.1B | $3.3B | 10.3% | 36.0% |
| Op. Income | $1.1B | $1.2B | $682M | -9.0% | 54.0% |
| Gross Margin | 31.2% | 39.4% | 32.5% | -8.3pp | -1.4pp |
| Net Margin | 22.1% | 31.2% | 22.0% | -9.2pp | 0.1pp |
| EPS (Diluted) | $2.56 | $3.30 | $1.88 | -22.4% | 36.2% |
| Free Cash Flow | $2.0B | $1.5B | $2.0B | 33.1% | 2.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $327M |
| Operating Expenses | $346M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $988M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $988M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $978M |
| D&A | $88M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $327M |
| Operating Expenses | $346M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $35M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $988M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $988M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $978M |
| D&A | $88M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $988M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$327M |
| Change in Working Capital | $1.3B |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.0B |
| Sales/Maturities of Investments | $6.3B |
| Other Investing Activities | $820M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $2.0B |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $9.3B |
| Net Receivables | $17.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $30.7B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $3.2B |
| Long-Term Investments | $34.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.1B |
| TOTAL NON-CURRENT ASSETS | $42.9B |
| TOTAL ASSETS | $73.7B |
| Account Payables | $4.7B |
| Short-Term Debt | $0 |
| Deferred Revenue | $11.2B |
| Other Current Liabilities | $28.9B |
| TOTAL CURRENT LIABILITIES | $45.8B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $51.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $23.6B |
| Treasury Stock | -$4.5B |
| Accum. Other Comp. Income | -$200M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.3B |
| TOTAL LIABILITIES & EQUITY | $73.7B |
| Total Debt | $2.7B |
| Net Debt | $1.7B |
