| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $948M | $945M | $936M | 0.3% | 1.3% |
| Op. Income | $332M | $22M | $368M | 1409.1% | -9.8% |
| Gross Margin | 80.8% | 81.0% | 81.0% | -0.2pp | -0.2pp |
| Net Margin | 15.0% | 15.6% | 17.6% | -0.6pp | -2.6pp |
| EPS (Diluted) | $0.22 | $0.23 | $0.25 | -4.3% | -12.0% |
| Free Cash Flow | $307M | $120M | $305M | 155.8% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $766M |
| R&D Expenses | $77M |
| Selling & Marketing | $184M |
| General & Administrative | $110M |
| SG&A Expenses | $294M |
| Other Expenses | $63M |
| Operating Expenses | $434M |
| Cost & Expenses | $616M |
| OPERATING INCOME | $332M |
| Interest Income | $5M |
| Interest Expense | $165M |
| Other Income/Expenses | -$154M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $124M |
| EBIT | $343M |
| EBITDA | $467M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $948M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $766M |
| R&D Expenses | $77M |
| Selling & Marketing | $184M |
| General & Administrative | $110M |
| SG&A Expenses | $294M |
| Other Expenses | $63M |
| Operating Expenses | $434M |
| Cost & Expenses | $616M |
| OPERATING INCOME | $332M |
| Interest Income | $5M |
| Interest Expense | $165M |
| Other Income/Expenses | -$154M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $142M |
| D&A | $124M |
| EBIT | $343M |
| EBITDA | $467M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $142M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $315M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$259M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$81M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$445M |
| FREE CASH FLOW | $307M |
| Net Change in Cash | -$139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $490M |
| Short-Term Investments | $0 |
| Net Receivables | $200M |
| Inventory | $0 |
| Other Current Assets | $899M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $110M |
| Goodwill | $10.2B |
| Intangible Assets | $2.7B |
| Long-Term Investments | $176M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $14.6B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $62M |
| Short-Term Debt | $191M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $983M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $9.1B |
| Deferred Revenue NC | $78M |
| Deferred Tax Liabilities | $265M |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $11.3B |
| TOTAL LIABILITIES | $13.9B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $9.3B |
| Net Debt | $8.8B |
