| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.0B | $5.0B | $4.9B | -1.1% | 2.3% |
| Op. Income | $602M | $734M | $549M | -18.0% | 9.7% |
| Gross Margin | 46.2% | 45.7% | 43.1% | 0.6pp | 3.2pp |
| Net Margin | 9.8% | 10.6% | 8.3% | -0.9pp | 1.4pp |
| EPS (Diluted) | $1.68 | $1.85 | $1.36 | -9.2% | 23.5% |
| Free Cash Flow | $1.1B | $381M | $889M | 184.8% | 22.0% |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $299M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $210M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $602M |
| Interest Income | $48M |
| Interest Expense | $137M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | $500M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $487M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $487M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $487M |
| D&A | $568M |
| EBIT | $637M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.0B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $299M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $210M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $602M |
| Interest Income | $48M |
| Interest Expense | $137M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | $500M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $487M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $487M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $487M |
| D&A | $568M |
| EBIT | $637M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $487M |
| Depreciation & Amortization | $568M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$150M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | $241M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$179M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$94M |
| NET CASH FROM INVESTING | -$288M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$275M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $851M |
| Net Receivables | $2.6B |
| Inventory | $3.3B |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $12.2B |
| PP&E (Net) | $6.5B |
| Goodwill | $24.5B |
| Intangible Assets | $9.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $43.4B |
| TOTAL ASSETS | $55.6B |
| Account Payables | $5.0B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $449M |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.0B |
| TOTAL NON-CURRENT LIABILITIES | $23.1B |
| TOTAL LIABILITIES | $29.7B |
| Common Stock | $371M |
| Additional Paid-In Capital | $19.8B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$8.8B |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $22M |
| TOTAL STOCKHOLDERS' EQUITY | $25.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.9B |
| TOTAL LIABILITIES & EQUITY | $55.6B |
| Total Debt | $19.3B |
| Net Debt | $14.9B |
