| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5.1B | $5.0B | -7.6% | -6.3% |
| Op. Income | $779M | $911M | $818M | -14.4% | -4.8% |
| Gross Margin | 35.8% | 33.5% | 34.4% | 2.3pp | 1.5pp |
| Net Margin | 11.8% | 13.1% | 12.2% | -1.3pp | -0.4pp |
| EPS (Diluted) | $0.98 | $1.17 | $1.03 | -16.2% | -4.9% |
| Free Cash Flow | $575M | $751M | $413M | -23.4% | 39.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $258M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $798M |
| Other Expenses | -$147M |
| Operating Expenses | $909M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $779M |
| Interest Income | $0 |
| Interest Expense | $122M |
| Other Income/Expenses | -$84M |
| INCOME BEFORE TAX | $696M |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $560M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $558M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $558M |
| D&A | $141M |
| EBIT | $743M |
| EBITDA | $884M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $258M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $798M |
| Other Expenses | -$147M |
| Operating Expenses | $909M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $779M |
| Interest Income | $0 |
| Interest Expense | $122M |
| Other Income/Expenses | -$84M |
| INCOME BEFORE TAX | $696M |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | $560M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $558M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $558M |
| D&A | $141M |
| EBIT | $743M |
| EBITDA | $884M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $560M |
| Depreciation & Amortization | $141M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $88M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $864M |
| Capital Expenditure | -$289M |
| Acquisitions (Net) | -$428M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $26M |
| NET CASH FROM INVESTING | -$690M |
| Net Debt Issuance | $389M |
| Common Stock Repurchased | -$401M |
| Common Dividends Paid | -$335M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$345M |
| FREE CASH FLOW | $575M |
| Net Change in Cash | -$171M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $418M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $1.9B |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $4.2B |
| Goodwill | $14.8B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $398M |
| Tax Assets | $168M |
| Other Non-Current Assets | $363M |
| TOTAL NON-CURRENT ASSETS | $26.9B |
| TOTAL ASSETS | $31.5B |
| Account Payables | $4.0B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $7.0B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $14.8B |
| TOTAL LIABILITIES | $21.8B |
| Common Stock | $76M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $21.0B |
| Treasury Stock | -$10.4B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $252M |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $31.5B |
| Total Debt | $13.3B |
| Net Debt | $12.9B |
