| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.6B | $6.4B | 2.0% | 5.5% |
| Op. Income | $1.9B | $1.9B | $1.8B | 1.6% | 7.8% |
| Gross Margin | 47.3% | 47.4% | 46.3% | -0.2pp | 1.0pp |
| Net Margin | 25.2% | 25.9% | 24.3% | -0.8pp | 0.9pp |
| EPS (Diluted) | $2.05 | $2.06 | $1.85 | -0.5% | 10.8% |
| Free Cash Flow | $2.1B | $1.1B | $2.3B | 84.0% | -10.3% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $836M |
| Selling & Marketing | $205M |
| General & Administrative | $222M |
| SG&A Expenses | $427M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $1.9B |
| Interest Income | $81M |
| Interest Expense | $63M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $255M |
| 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 | $95M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $836M |
| Selling & Marketing | $205M |
| General & Administrative | $222M |
| SG&A Expenses | $427M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $1.9B |
| Interest Income | $81M |
| Interest Expense | $63M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $255M |
| 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 | $95M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $132M |
| Deferred Income Tax | -$179M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $584M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$297M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$745M |
| Sales/Maturities of Investments | $382M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$660M |
| Net Debt Issuance | $695M |
| Common Stock Repurchased | -$861M |
| Common Dividends Paid | -$331M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$522M |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.3B |
| Short-Term Investments | $815M |
| Net Receivables | $5.0B |
| Inventory | $5.6B |
| Other Current Assets | $979M |
| TOTAL CURRENT ASSETS | $20.7B |
| PP&E (Net) | $3.5B |
| Goodwill | $3.7B |
| Intangible Assets | $262M |
| Long-Term Investments | $3.0B |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $348M |
| TOTAL NON-CURRENT ASSETS | $13.0B |
| TOTAL ASSETS | $33.6B |
| Account Payables | $1.5B |
| Short-Term Debt | $99M |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | $995M |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $14.8B |
| Common Stock | $8M |
| Additional Paid-In Capital | $9.4B |
| Retained Earnings | $48.2B |
| Treasury Stock | -$38.7B |
| Accum. Other Comp. Income | -$146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.8B |
| TOTAL LIABILITIES & EQUITY | $33.6B |
| Total Debt | $6.7B |
| Net Debt | -$1.6B |
