| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.4B | 0.1% | -11.9% |
| Op. Income | $205M | $177M | $365M | 15.8% | -43.8% |
| Gross Margin | 62.0% | 62.7% | 64.8% | -0.7pp | -2.8pp |
| Net Margin | 32.0% | 10.4% | 20.8% | 21.6pp | 11.1pp |
| EPS (Diluted) | $2.22 | $0.72 | $1.61 | 208.3% | 37.9% |
| Free Cash Flow | $222M | $74M | $196M | 200.0% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $462M |
| GROSS PROFIT | $755M |
| R&D Expenses | $226M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $329M |
| Other Expenses | -$5M |
| Operating Expenses | $550M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $205M |
| Interest Income | $19M |
| Interest Expense | $21M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $213M |
| Income Tax Expense | -$176M |
| Net Income from Continuing Ops | $389M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $389M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $389M |
| D&A | $64M |
| EBIT | $234M |
| EBITDA | $298M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $462M |
| GROSS PROFIT | $755M |
| R&D Expenses | $226M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $329M |
| Other Expenses | -$5M |
| Operating Expenses | $550M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $205M |
| Interest Income | $19M |
| Interest Expense | $21M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $213M |
| Income Tax Expense | -$176M |
| Net Income from Continuing Ops | $389M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $389M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $389M |
| D&A | $64M |
| EBIT | $234M |
| EBITDA | $298M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $389M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$223M |
| OPERATING CASH FLOW | $255M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$117M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $802M |
| Inventory | $1.0B |
| Other Current Assets | $208M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.4B |
| Intangible Assets | $637M |
| Long-Term Investments | $107M |
| Tax Assets | $678M |
| Other Non-Current Assets | $504M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $280M |
| Short-Term Debt | $600M |
| Deferred Revenue | $537M |
| Other Current Liabilities | $262M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $207M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $544M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $6.3B |
| Treasury Stock | -$3.3B |
| Accum. Other Comp. Income | -$437M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $2.0B |
| Net Debt | $404M |
