| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.5B | $12.8B | $13.2B | 5.6% | 2.4% |
| Op. Income | $940M | $952M | $952M | -1.3% | -1.3% |
| Gross Margin | 21.5% | 23.6% | 21.4% | -2.1pp | 0.1pp |
| Net Margin | 4.7% | 4.7% | 5.8% | -0.0pp | -1.1pp |
| EPS (Diluted) | $0.65 | $0.61 | $0.76 | 6.6% | -14.5% |
| Free Cash Flow | $1.3B | $462M | $839M | 173.2% | 50.4% |
| Item | Amount |
|---|---|
| REVENUE | $13.5B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $413M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $149M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $12.6B |
| OPERATING INCOME | $940M |
| Interest Income | $0 |
| Interest Expense | $149M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $827M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $640M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $640M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $640M |
| D&A | $208M |
| EBIT | $976M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.5B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $413M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $149M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $12.6B |
| OPERATING INCOME | $940M |
| Interest Income | $0 |
| Interest Expense | $149M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | $827M |
| Income Tax Expense | $187M |
| Net Income from Continuing Ops | $640M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $640M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $640M |
| D&A | $208M |
| EBIT | $976M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $640M |
| Depreciation & Amortization | $208M |
| Stock-Based Compensation | $96M |
| Deferred Income Tax | $69M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | $376M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$162M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$237M |
| Net Debt Issuance | $29M |
| Common Stock Repurchased | -$600M |
| Common Dividends Paid | -$268M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$826M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $361M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $7.1B |
| Inventory | $7.8B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $4.0B |
| Goodwill | $8.6B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $3.1B |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $18.7B |
| TOTAL ASSETS | $38.1B |
| Account Payables | $15.4B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $27.0B |
| Long-Term Debt | $8.2B |
| Deferred Revenue NC | $1.5B |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $39.5B |
| Common Stock | $10M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$415M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.4B |
| TOTAL LIABILITIES & EQUITY | $38.1B |
| Total Debt | $10.8B |
| Net Debt | $8.0B |
