| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $852M | $823M | $764M | 3.5% | 11.5% |
| Op. Income | $138M | $52M | -$2.5B | 165.4% | 105.6% |
| Gross Margin | 75.2% | 75.7% | 73.4% | -0.5pp | 1.8pp |
| Net Margin | 13.8% | 7.4% | -261.6% | 6.4pp | 275.5pp |
| EPS (Diluted) | $0.42 | $0.20 | $-7.14 | 110.0% | 105.9% |
| Free Cash Flow | $171M | $221M | $95M | -22.6% | 80.0% |
| Item | Amount |
|---|---|
| REVENUE | $852M |
| Cost of Revenue | $211M |
| GROSS PROFIT | $641M |
| R&D Expenses | $149M |
| Selling & Marketing | $213M |
| General & Administrative | $77M |
| SG&A Expenses | $290M |
| Other Expenses | $64M |
| Operating Expenses | $503M |
| Cost & Expenses | $714M |
| OPERATING INCOME | $138M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $18M |
| EBIT | $138M |
| EBITDA | $156M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $852M |
| Cost of Revenue | $211M |
| GROSS PROFIT | $641M |
| R&D Expenses | $149M |
| Selling & Marketing | $213M |
| General & Administrative | $77M |
| SG&A Expenses | $290M |
| Other Expenses | $64M |
| Operating Expenses | $503M |
| Cost & Expenses | $714M |
| OPERATING INCOME | $138M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $18M |
| EBIT | $138M |
| EBITDA | $156M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $118M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | $28M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $185M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$357M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $56M |
| NET CASH FROM FINANCING | -$301M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | -$140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $20M |
| Net Receivables | $949M |
| Inventory | $0 |
| Other Current Assets | $252M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $215M |
| Goodwill | $318M |
| Intangible Assets | $58M |
| Long-Term Investments | $0 |
| Tax Assets | $775M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $69M |
| Short-Term Debt | $0 |
| Deferred Revenue | $209M |
| Other Current Liabilities | $212M |
| TOTAL CURRENT LIABILITIES | $820M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $218M |
| TOTAL NON-CURRENT LIABILITIES | $234M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $28M |
| Net Debt | -$1.3B |
