| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $6.8B | $6.7B | 3.9% | 4.8% |
| Op. Income | $2.0B | $1.9B | $2.0B | 5.4% | 3.8% |
| Gross Margin | 47.3% | 47.3% | 47.1% | 0.1pp | 0.2pp |
| Net Margin | 24.6% | 25.2% | 29.8% | -0.6pp | -5.2pp |
| EPS (Diluted) | $2.09 | $2.05 | $2.38 | 2.0% | -12.2% |
| Free Cash Flow | $2.2B | $2.1B | $1.2B | 3.8% | 74.0% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $858M |
| Selling & Marketing | $215M |
| General & Administrative | $216M |
| SG&A Expenses | $431M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $2.0B |
| Interest Income | -$85M |
| Interest Expense | $66M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $164M |
| 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 | $110M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $858M |
| Selling & Marketing | $215M |
| General & Administrative | $216M |
| SG&A Expenses | $431M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $2.0B |
| Interest Income | -$85M |
| Interest Expense | $66M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $164M |
| 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 | $110M |
| EBIT | $2.0B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $110M |
| Stock-Based Compensation | $141M |
| Deferred Income Tax | -$248M |
| Other Non-Cash Items | $246M |
| Change in Working Capital | $595M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$407M |
| Acquisitions (Net) | -$220M |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $956M |
| Other Investing Activities | $220M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$329M |
| Other Financing Activities | -$135M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | -$265M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $1.4B |
| Net Receivables | $5.4B |
| Inventory | $5.4B |
| Other Current Assets | $974M |
| TOTAL CURRENT ASSETS | $21.2B |
| PP&E (Net) | $3.7B |
| Goodwill | $3.7B |
| Intangible Assets | $249M |
| Long-Term Investments | $2.8B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $34.4B |
| Account Payables | $1.6B |
| Short-Term Debt | $800M |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $8.5B |
| Long-Term Debt | $5.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $15.4B |
| Common Stock | $8M |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | $49.7B |
| Treasury Stock | -$40.1B |
| Accum. Other Comp. Income | -$168M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.0B |
| TOTAL LIABILITIES & EQUITY | $34.4B |
| Total Debt | $6.6B |
| Net Debt | -$1.4B |
