| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.4B | 1.1% | 5.2% |
| Op. Income | $377M | $322M | $319M | 17.0% | 18.2% |
| Gross Margin | 35.3% | 31.4% | 31.1% | 3.8pp | 4.2pp |
| Net Margin | 20.8% | 17.9% | 18.6% | 2.9pp | 2.2pp |
| EPS (Diluted) | $3.44 | $2.83 | $2.68 | 21.6% | 28.4% |
| Free Cash Flow | $311M | $356M | $276M | -12.7% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $942M |
| GROSS PROFIT | $513M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $136M |
| Operating Expenses | $136M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $377M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $377M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $303M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $303M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $303M |
| D&A | $0 |
| EBIT | $408M |
| EBITDA | $408M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $942M |
| GROSS PROFIT | $513M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $136M |
| Operating Expenses | $136M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $377M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $377M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $303M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $303M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $303M |
| D&A | $0 |
| EBIT | $408M |
| EBITDA | $408M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $303M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $341M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$425M |
| Sales/Maturities of Investments | $258M |
| Other Investing Activities | $96.0K |
| NET CASH FROM INVESTING | -$196M |
| Net Debt Issuance | $475M |
| Common Stock Repurchased | -$591M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | -$95M |
| FREE CASH FLOW | $311M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $18.4B |
| Net Receivables | $937M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $19.5B |
| PP&E (Net) | $0 |
| Goodwill | $490M |
| Intangible Assets | $6.4B |
| Long-Term Investments | $2.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $879M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $29.6B |
| Account Payables | $530M |
| Short-Term Debt | $437M |
| Deferred Revenue | $265M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20.7B |
| TOTAL NON-CURRENT LIABILITIES | $23.1B |
| TOTAL LIABILITIES | $24.9B |
| Common Stock | $102M |
| Additional Paid-In Capital | $543M |
| Retained Earnings | $8.2B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $29.6B |
| Total Debt | $2.8B |
| Net Debt | $2.6B |
