| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $613M | $532M | $660M | 15.2% | -7.1% |
| Op. Income | $406M | $347M | $503M | 17.0% | -19.3% |
| Gross Margin | 70.5% | 69.9% | 80.0% | 0.5pp | -9.5pp |
| Net Margin | 64.3% | 60.5% | 75.8% | 3.7pp | -11.5pp |
| EPS (Diluted) | $0.62 | $0.52 | $0.87 | 19.2% | -28.7% |
| Free Cash Flow | $337M | $314M | $280M | 7.3% | 20.4% |
| Item | Amount |
|---|---|
| REVENUE | $613M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $432M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $14M |
| Operating Expenses | $26M |
| Cost & Expenses | $207M |
| OPERATING INCOME | $406M |
| Interest Income | $568M |
| Interest Expense | $181M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $406M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $394M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $394M |
| D&A | $0 |
| EBIT | $406M |
| EBITDA | $406M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $613M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $432M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $14M |
| Operating Expenses | $26M |
| Cost & Expenses | $207M |
| OPERATING INCOME | $406M |
| Interest Income | $568M |
| Interest Expense | $181M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $406M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $394M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $394M |
| D&A | $0 |
| EBIT | $406M |
| EBITDA | $406M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $394M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$93M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $337M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.2B |
| Sales/Maturities of Investments | $2.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$858M |
| Net Debt Issuance | $454M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$287M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $464M |
| FREE CASH FLOW | $337M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $486M |
| Short-Term Investments | $0 |
| Net Receivables | $382M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $868M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26.2B |
| TOTAL NON-CURRENT ASSETS | $26.2B |
| TOTAL ASSETS | $27.1B |
| Account Payables | $164M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $616M |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $14.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $12.0B |
| Retained Earnings | $728M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $13.5B |
| Net Debt | $13.1B |
