| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $722M | $707M | $667M | 2.0% | 8.2% |
| Op. Income | $175M | $175M | $187M | 0.1% | -6.3% |
| Gross Margin | 69.1% | 69.6% | 72.0% | -0.5pp | -2.9pp |
| Net Margin | 20.3% | 20.6% | 23.3% | -0.3pp | -3.0pp |
| EPS (Diluted) | $2.24 | $2.21 | $2.37 | 1.4% | -5.5% |
| Free Cash Flow | $282M | $103M | $206M | 173.8% | 37.0% |
| Item | Amount |
|---|---|
| REVENUE | $722M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $499M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $193M |
| SG&A Expenses | $193M |
| Other Expenses | $130M |
| Operating Expenses | $323M |
| Cost & Expenses | $547M |
| OPERATING INCOME | $175M |
| Interest Income | $608M |
| Interest Expense | $204M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $21M |
| EBIT | $175M |
| EBITDA | $196M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $722M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $499M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $193M |
| SG&A Expenses | $193M |
| Other Expenses | $130M |
| Operating Expenses | $323M |
| Cost & Expenses | $547M |
| OPERATING INCOME | $175M |
| Interest Income | $608M |
| Interest Expense | $204M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $175M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $143M |
| D&A | $21M |
| EBIT | $175M |
| EBITDA | $196M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $118M |
| OPERATING CASH FLOW | $307M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.7B |
| Sales/Maturities of Investments | $3.9B |
| Other Investing Activities | -$63M |
| NET CASH FROM INVESTING | $179M |
| Net Debt Issuance | $238M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$61M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $282M |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.2B |
| Short-Term Investments | $15.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.5B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $26.5B |
| TOTAL ASSETS | $51.0B |
| Account Payables | $0 |
| Short-Term Debt | $4.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41.7B |
| TOTAL CURRENT LIABILITIES | $45.8B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $893M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $46.9B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$51M |
| Accum. Other Comp. Income | -$915M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $51.0B |
| Total Debt | $4.3B |
| Net Debt | -$4.9B |
