| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B | 3.3% | 2.4% |
| Op. Income | $227M | $245M | $210M | -7.2% | 8.2% |
| Gross Margin | 27.2% | 29.9% | 29.4% | -2.7pp | -2.2pp |
| Net Margin | 11.9% | 14.4% | 12.7% | -2.5pp | -0.8pp |
| EPS (Diluted) | $2.04 | $2.40 | $2.10 | -15.0% | -2.9% |
| Free Cash Flow | $587M | $517M | $340M | 13.5% | 72.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $413M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $165M |
| SG&A Expenses | $165M |
| Other Expenses | $21M |
| Operating Expenses | $186M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $14M |
| EBIT | $244M |
| EBITDA | $258M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $413M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $165M |
| SG&A Expenses | $165M |
| Other Expenses | $21M |
| Operating Expenses | $186M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $227M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $173M |
| D&A | $14M |
| EBIT | $244M |
| EBITDA | $258M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | $444M |
| OPERATING CASH FLOW | $587M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$27M |
| NET CASH FROM INVESTING | -$700M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$95M |
| FREE CASH FLOW | $587M |
| Net Change in Cash | -$184M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $981M |
| Short-Term Investments | $5.1B |
| Net Receivables | $10.8B |
| Inventory | $0 |
| Other Current Assets | -$19.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $98M |
| Goodwill | $101M |
| Intangible Assets | $179M |
| Long-Term Investments | $15.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$15.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $32.7B |
| Account Payables | $1.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$2.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $26.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $7.1B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $32.7B |
| Total Debt | $1.5B |
| Net Debt | $525M |
