| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.0B | $5.9B | $7.3B | 36.4% | 8.9% |
| Op. Income | $3.2B | $1.9B | $3.1B | 71.3% | 2.4% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 31.5% | 26.0% | 34.2% | 5.5pp | -2.7pp |
| EPS (Diluted) | $2.97 | $1.78 | $2.79 | 67.5% | 6.5% |
| Free Cash Flow | $2.3B | $2.4B | $1.3B | -3.5% | 76.5% |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $8.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $3.0B |
| General & Administrative | $1.4B |
| SG&A Expenses | $4.5B |
| Other Expenses | $349M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $3.2B |
| Interest Income | $327M |
| Interest Expense | $305M |
| Other Income/Expenses | -$310M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $352M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $190M |
| EBIT | $3.2B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $8.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $3.0B |
| General & Administrative | $1.4B |
| SG&A Expenses | $4.5B |
| Other Expenses | $349M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $4.8B |
| OPERATING INCOME | $3.2B |
| Interest Income | $327M |
| Interest Expense | $305M |
| Other Income/Expenses | -$310M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $352M |
| Net Income from Continuing Ops | $2.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.5B |
| D&A | $190M |
| EBIT | $3.2B |
| EBITDA | $3.4B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.5B |
| Depreciation & Amortization | $190M |
| Stock-Based Compensation | $148M |
| Deferred Income Tax | -$73M |
| Other Non-Cash Items | $1.9B |
| Change in Working Capital | -$2.3B |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$77M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$291M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | -$521M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.6B |
| Inventory | $0 |
| Other Current Assets | $615M |
| TOTAL CURRENT ASSETS | $20.5B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.8B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $500M |
| Tax Assets | $191M |
| Other Non-Current Assets | $988M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $28.0B |
| Account Payables | $4.1B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $4.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $16.7B |
| Long-Term Debt | $13.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $191M |
| Other Non-Current Liabilities | $461M |
| TOTAL NON-CURRENT LIABILITIES | $15.0B |
| TOTAL LIABILITIES | $31.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | $35.7B |
| Treasury Stock | -$46.7B |
| Accum. Other Comp. Income | -$303M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3.7B |
| TOTAL LIABILITIES & EQUITY | $28.0B |
| Total Debt | $16.7B |
| Net Debt | $945M |
