| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $672M | $645M | $594M | 4.2% | 13.1% |
| Op. Income | $140M | $157M | $164M | -10.8% | -14.6% |
| Gross Margin | 57.9% | 59.5% | 64.3% | -1.6pp | -6.4pp |
| Net Margin | 16.4% | 19.1% | 24.4% | -2.7pp | -8.0pp |
| EPS (Diluted) | $0.30 | $0.34 | $0.40 | -11.8% | -25.0% |
| Free Cash Flow | -$46M | $55M | $283M | -183.6% | -116.3% |
| Item | Amount |
|---|---|
| REVENUE | $672M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $136M |
| SG&A Expenses | $142M |
| Other Expenses | $107M |
| Operating Expenses | $249M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $140M |
| Interest Income | $583M |
| Interest Expense | $260M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $17M |
| EBIT | $140M |
| EBITDA | $157M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $672M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $136M |
| SG&A Expenses | $142M |
| Other Expenses | $107M |
| Operating Expenses | $249M |
| Cost & Expenses | $532M |
| OPERATING INCOME | $140M |
| Interest Income | $583M |
| Interest Expense | $260M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $17M |
| EBIT | $140M |
| EBITDA | $157M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$161M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $193M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$44M |
| Other Financing Activities | $1.8B |
| NET CASH FROM FINANCING | $181M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | $198M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $3.5B |
| Net Receivables | $687M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $505M |
| Goodwill | $2.5B |
| Intangible Assets | $56M |
| Long-Term Investments | $36.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $41.7B |
| TOTAL ASSETS | $48.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.8B |
| TOTAL CURRENT LIABILITIES | $38.2B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $879M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $41.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$180M |
| Accum. Other Comp. Income | -$154M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $48.0B |
| Total Debt | $4.1B |
| Net Debt | $2.0B |
