| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.4B | $2.1B | -9.1% | 3.0% |
| Op. Income | $320M | $229M | $335M | 39.7% | -4.5% |
| Gross Margin | 19.4% | 14.0% | 20.9% | 5.4pp | -1.5pp |
| Net Margin | 11.9% | 7.7% | 12.6% | 4.2pp | -0.7pp |
| EPS (Diluted) | $3.04 | $2.16 | $3.14 | 40.7% | -3.2% |
| Free Cash Flow | $674M | $530M | $724M | 27.2% | -6.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $96M |
| Operating Expenses | $96M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $320M |
| Interest Income | $9M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $320M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $255M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $255M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $255M |
| D&A | $21M |
| EBIT | $339M |
| EBITDA | $360M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $416M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $96M |
| Operating Expenses | $96M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $320M |
| Interest Income | $9M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $320M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $255M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $255M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $255M |
| D&A | $21M |
| EBIT | $339M |
| EBITDA | $360M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $255M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $372M |
| OPERATING CASH FLOW | $674M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$403M |
| Other Financing Activities | -$170M |
| NET CASH FROM FINANCING | -$569M |
| FREE CASH FLOW | $674M |
| Net Change in Cash | $84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $212M |
| Goodwill | $305M |
| Intangible Assets | $203M |
| Long-Term Investments | $14.4B |
| Tax Assets | $463M |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $22.1B |
| TOTAL ASSETS | $25.0B |
| Account Payables | $0 |
| Short-Term Debt | $40M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $359M |
| Other Non-Current Liabilities | $15.7B |
| TOTAL NON-CURRENT LIABILITIES | $17.9B |
| TOTAL LIABILITIES | $20.5B |
| Common Stock | $84M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$240M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $25.0B |
| Total Debt | $1.9B |
| Net Debt | $493M |
