| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $976M | $971M | 5.5% | 6.0% |
| Op. Income | $468M | $433M | $445M | 8.0% | 5.2% |
| Gross Margin | 78.3% | 78.6% | 78.6% | -0.3pp | -0.3pp |
| Net Margin | 26.9% | 25.8% | 28.0% | 1.1pp | -1.1pp |
| EPS (Diluted) | $3.90 | $3.52 | $3.64 | 10.8% | 7.1% |
| Free Cash Flow | $355M | $497M | $247M | -28.5% | 43.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $224M |
| GROSS PROFIT | $806M |
| R&D Expenses | $0 |
| Selling & Marketing | $94M |
| General & Administrative | $154M |
| SG&A Expenses | $248M |
| Other Expenses | $90M |
| Operating Expenses | $337M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $468M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $90M |
| EBIT | $463M |
| EBITDA | $552M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $224M |
| GROSS PROFIT | $806M |
| R&D Expenses | $0 |
| Selling & Marketing | $94M |
| General & Administrative | $154M |
| SG&A Expenses | $248M |
| Other Expenses | $90M |
| Operating Expenses | $337M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $468M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $358M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $90M |
| EBIT | $463M |
| EBITDA | $552M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $276M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $401M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | -$186M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$232M |
| Net Debt Issuance | $409M |
| Common Stock Repurchased | -$92M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $415M |
| FREE CASH FLOW | $355M |
| Net Change in Cash | $608M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $4.8B |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $378M |
| Goodwill | $5.9B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | $334M |
| TOTAL NON-CURRENT ASSETS | $8.9B |
| TOTAL ASSETS | $17.6B |
| Account Payables | $1.8B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $3.2B |
| Other Current Liabilities | $394M |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $462M |
| Other Non-Current Liabilities | $441M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $14.5B |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | $9.0B |
| Treasury Stock | -$7.9B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $27M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $17.6B |
| Total Debt | $7.8B |
| Net Debt | $6.5B |
