| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $704M | $635M | $664M | 10.8% | 6.1% |
| Op. Income | $254M | $219M | $252M | 16.4% | 1.0% |
| Gross Margin | 87.2% | 87.4% | 87.7% | -0.3pp | -0.5pp |
| Net Margin | 36.6% | 32.6% | 37.6% | 4.0pp | -1.0pp |
| EPS (Diluted) | $2.30 | $1.83 | $2.15 | 25.7% | 7.0% |
| Free Cash Flow | $236M | $244M | $234M | -3.3% | 0.8% |
| Item | Amount |
|---|---|
| REVENUE | $704M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $613M |
| R&D Expenses | $101M |
| Selling & Marketing | $232M |
| General & Administrative | $26M |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $254M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $18M |
| EBIT | $254M |
| EBITDA | $272M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $704M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $613M |
| R&D Expenses | $101M |
| Selling & Marketing | $232M |
| General & Administrative | $26M |
| SG&A Expenses | $258M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $254M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $18M |
| EBIT | $254M |
| EBITDA | $272M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $258M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$53M |
| OPERATING CASH FLOW | $243M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $186M |
| NET CASH FROM INVESTING | $180M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$317M |
| FREE CASH FLOW | $236M |
| Net Change in Cash | -$2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $506M |
| Short-Term Investments | $866M |
| Net Receivables | $729M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $81M |
| Goodwill | $1.7B |
| Intangible Assets | $201M |
| Long-Term Investments | $1.4B |
| Tax Assets | $64M |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $55M |
| Short-Term Debt | $9M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $529M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $471M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $14.0B |
| Treasury Stock | -$14.3B |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $30M |
| Net Debt | -$476M |
