| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $2.5B | $1.8B | 30.5% | 83.3% |
| Op. Income | $1.0B | $386M | -$148M | 169.4% | 802.7% |
| Gross Margin | 52.5% | 41.8% | 26.4% | 10.6pp | 26.0pp |
| Net Margin | 24.7% | 12.3% | -5.5% | 12.4pp | 30.2pp |
| EPS (Diluted) | $5.20 | $1.98 | $-0.63 | 162.6% | 925.4% |
| Free Cash Flow | $906M | $737M | $648M | 22.9% | 39.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $702M |
| Operating Expenses | $702M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $1.0B |
| Interest Income | $255M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $220M |
| NET INCOME | $820M |
| D&A | $39M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $702M |
| Operating Expenses | $702M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $1.0B |
| Interest Income | $255M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $220M |
| NET INCOME | $820M |
| D&A | $39M |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $820M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $49M |
| Other Non-Cash Items | -$743M |
| Change in Working Capital | $747M |
| OPERATING CASH FLOW | $912M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.2B |
| Sales/Maturities of Investments | $2.5B |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $251M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$124M |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | -$182M |
| FREE CASH FLOW | $906M |
| Net Change in Cash | $981M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.2B |
| Net Receivables | $3.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $215M |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $26.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $30.1B |
| TOTAL ASSETS | $37.0B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $4.9B |
| Other Current Liabilities | $11.5B |
| TOTAL CURRENT LIABILITIES | $16.4B |
| Long-Term Debt | $849M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $23.2B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $14.6B |
| Treasury Stock | -$2.5B |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.8B |
| TOTAL LIABILITIES & EQUITY | $37.0B |
| Total Debt | $874M |
| Net Debt | -$878M |
