| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $835M | $711M | $864M | 17.5% | -3.4% |
| Op. Income | $534M | $384M | $186M | 39.0% | 186.8% |
| Gross Margin | 85.5% | 82.9% | 69.3% | 2.6pp | 16.2pp |
| Net Margin | 52.0% | 43.6% | 12.6% | 8.4pp | 39.4pp |
| EPS (Diluted) | $1.25 | $0.89 | $0.30 | 40.4% | 316.7% |
| Free Cash Flow | $548M | $455M | $186M | 20.5% | 195.0% |
| Item | Amount |
|---|---|
| REVENUE | $835M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $714M |
| R&D Expenses | $81M |
| Selling & Marketing | $63M |
| General & Administrative | $36M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $301M |
| OPERATING INCOME | $534M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $468M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $434M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $434M |
| D&A | $100M |
| EBIT | $543M |
| EBITDA | $642M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $835M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $714M |
| R&D Expenses | $81M |
| Selling & Marketing | $63M |
| General & Administrative | $36M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $301M |
| OPERATING INCOME | $534M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $468M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $433M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | $434M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $434M |
| D&A | $100M |
| EBIT | $543M |
| EBITDA | $642M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $434M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $82M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $551M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$650.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$228M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$204M |
| NET CASH FROM FINANCING | -$441M |
| FREE CASH FLOW | $548M |
| Net Change in Cash | $107M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $568M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $120M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $177M |
| Goodwill | $1.9B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $514M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $428M |
| Short-Term Debt | $36M |
| Deferred Revenue | $76M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $780M |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $250M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $993M |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $938M |
| Minority Interest | $0 |
| TOTAL EQUITY | $938M |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $3.5B |
| Net Debt | $2.9B |
