| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.7B | — | $9.2B | — | 5.6% |
| Op. Income | $2.0B | — | $1.9B | — | 3.0% |
| Gross Margin | 38.5% | — | 38.4% | — | 0.1pp |
| Net Margin | 14.5% | — | 16.4% | — | -1.9pp |
| EPS (Diluted) | $2.16 | — | $2.27 | — | -4.8% |
| Free Cash Flow | $1.7B | — | $1.6B | — | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $368M |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $110M |
| Interest Expense | $297M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $409M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $357M |
| EBIT | $2.1B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.7B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $368M |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $110M |
| Interest Expense | $297M |
| Other Income/Expenses | -$159M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $409M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $357M |
| EBIT | $2.1B |
| EBITDA | $2.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $357M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$556M |
| Change in Working Capital | $746M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$279M |
| Acquisitions (Net) | -$2.1B |
| Purchases of Investments | -$480M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.8B |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$715M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $1.8B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.6B |
| Short-Term Investments | $275M |
| Net Receivables | $7.9B |
| Inventory | $6.3B |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $28.2B |
| PP&E (Net) | $5.8B |
| Goodwill | $21.3B |
| Intangible Assets | $5.7B |
| Long-Term Investments | $1.5B |
| Tax Assets | $374M |
| Other Non-Current Assets | $10.7B |
| TOTAL NON-CURRENT ASSETS | $45.3B |
| TOTAL ASSETS | $73.5B |
| Account Payables | $6.6B |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $229M |
| TOTAL CURRENT LIABILITIES | $19.5B |
| Long-Term Debt | $25.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $36.0B |
| TOTAL LIABILITIES | $55.5B |
| Common Stock | $958M |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | $50.3B |
| Treasury Stock | -$39.0B |
| Accum. Other Comp. Income | -$4.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.4B |
| Minority Interest | $575M |
| TOTAL EQUITY | $18.0B |
| TOTAL LIABILITIES & EQUITY | $73.5B |
| Total Debt | $32.0B |
| Net Debt | $21.3B |
