| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.4B | $5.0B | 3.7% | 11.1% |
| Op. Income | $2.0B | $2.0B | $1.7B | -1.8% | 12.3% |
| Gross Margin | 89.0% | 89.8% | 87.4% | -0.7pp | 1.6pp |
| Net Margin | 30.0% | 31.1% | 29.4% | -1.1pp | 0.6pp |
| EPS (Diluted) | $3.80 | $3.76 | $3.23 | 1.1% | 17.6% |
| Free Cash Flow | $2.9B | $2.0B | $1.6B | 46.3% | 85.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $616M |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $999M |
| Selling & Marketing | $1.5B |
| General & Administrative | $456M |
| SG&A Expenses | $2.0B |
| Other Expenses | $42M |
| Operating Expenses | $3.0B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $308M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $218M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $616M |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $999M |
| Selling & Marketing | $1.5B |
| General & Administrative | $456M |
| SG&A Expenses | $2.0B |
| Other Expenses | $42M |
| Operating Expenses | $3.0B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $50M |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $308M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $218M |
| EBIT | $2.0B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $218M |
| Stock-Based Compensation | $441M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | $617M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $67M |
| Sales/Maturities of Investments | $109M |
| Other Investing Activities | -$109M |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | -$2.5B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.1B |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $2.9B |
| Net Change in Cash | $420M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $273M |
| Net Receivables | $2.1B |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $11.2B |
| PP&E (Net) | $2.2B |
| Goodwill | $12.8B |
| Intangible Assets | $782M |
| Long-Term Investments | $0 |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $19.0B |
| TOTAL ASSETS | $30.2B |
| Account Payables | $361M |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $6.1B |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $128M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $994M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $16.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $13.4B |
| Retained Earnings | $38.5B |
| Treasury Stock | -$37.6B |
| Accum. Other Comp. Income | -$201M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $30.2B |
| Total Debt | $6.1B |
| Net Debt | -$1.6B |
