| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | $3.3B | 3.1% | 7.3% |
| Op. Income | $361M | $402M | $326M | -10.2% | 10.7% |
| Gross Margin | 30.3% | 32.7% | 31.9% | -2.5pp | -1.6pp |
| Net Margin | 8.0% | 9.2% | 7.8% | -1.2pp | 0.2pp |
| EPS (Diluted) | $1.04 | $1.17 | $0.95 | -11.1% | 9.5% |
| Free Cash Flow | $730M | $597M | $804M | 22.3% | -9.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $714M |
| Operating Expenses | $714M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $361M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $361M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $283M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $17M |
| EBIT | $393M |
| EBITDA | $410M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.5B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $714M |
| Operating Expenses | $714M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $361M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $361M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $283M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $17M |
| EBIT | $393M |
| EBITDA | $410M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $283M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$94M |
| Change in Working Capital | $531M |
| OPERATING CASH FLOW | $748M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$79M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$553M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$120M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$120M |
| FREE CASH FLOW | $730M |
| Net Change in Cash | $81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $456M |
| Short-Term Investments | $3.5B |
| Net Receivables | $9.3B |
| Inventory | $0 |
| Other Current Assets | -$13.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $258M |
| Goodwill | $147M |
| Intangible Assets | $0 |
| Long-Term Investments | $47.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$48.0B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $67.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $4.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.6B |
| TOTAL NON-CURRENT LIABILITIES | $56.6B |
| TOTAL LIABILITIES | $56.6B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.8B |
| Treasury Stock | -$94M |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $67.4B |
| Total Debt | $3.0B |
| Net Debt | $2.5B |
