| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.1B | $9.7B | $9.4B | 3.7% | 6.9% |
| Op. Income | $1.8B | $2.0B | $1.6B | -7.3% | 16.2% |
| Gross Margin | 36.4% | 38.5% | 34.3% | -2.2pp | 2.1pp |
| Net Margin | 12.7% | 14.5% | 13.4% | -1.8pp | -0.6pp |
| EPS (Diluted) | $1.96 | $2.16 | $1.91 | -9.3% | 2.6% |
| Free Cash Flow | $1.9B | $1.7B | $2.6B | 9.9% | -27.1% |
| Item | Amount |
|---|---|
| REVENUE | $10.1B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $426M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.2B |
| OPERATING INCOME | $1.8B |
| Interest Income | $101M |
| Interest Expense | $291M |
| Other Income/Expenses | -$295M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $254M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $377M |
| EBIT | $1.8B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $10.1B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $426M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.2B |
| OPERATING INCOME | $1.8B |
| Interest Income | $101M |
| Interest Expense | $291M |
| Other Income/Expenses | -$295M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $254M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $377M |
| EBIT | $1.8B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $377M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | -$187M |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | $781M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$393M |
| Acquisitions (Net) | -$1.8B |
| Purchases of Investments | -$129M |
| Sales/Maturities of Investments | $400M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $791M |
| Common Stock Repurchased | -$455M |
| Common Dividends Paid | -$741M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.6B |
| Short-Term Investments | $386M |
| Net Receivables | $7.8B |
| Inventory | $6.4B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $27.9B |
| PP&E (Net) | $6.2B |
| Goodwill | $21.8B |
| Intangible Assets | $6.7B |
| Long-Term Investments | $1.4B |
| Tax Assets | $238M |
| Other Non-Current Assets | $11.0B |
| TOTAL NON-CURRENT ASSETS | $47.3B |
| TOTAL ASSETS | $75.2B |
| Account Payables | $6.9B |
| Short-Term Debt | $5.6B |
| Deferred Revenue | $3.5B |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $21.3B |
| Long-Term Debt | $25.5B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $34.8B |
| TOTAL LIABILITIES | $56.0B |
| Common Stock | $958M |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | $50.8B |
| Treasury Stock | -$39.4B |
| Accum. Other Comp. Income | -$3.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.6B |
| Minority Interest | $542M |
| TOTAL EQUITY | $19.2B |
| TOTAL LIABILITIES & EQUITY | $75.2B |
| Total Debt | $32.2B |
| Net Debt | $21.7B |
