| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.5B | $2.4B | -5.3% | -3.2% |
| Op. Income | $848M | $952M | $861M | -10.9% | -1.4% |
| Gross Margin | 59.1% | 60.7% | 58.7% | -1.6pp | 0.4pp |
| Net Margin | 25.5% | 23.4% | 28.7% | 2.1pp | -3.1pp |
| EPS (Diluted) | $4.43 | $4.28 | $5.03 | 3.5% | -11.9% |
| Free Cash Flow | $838M | $545M | $926M | 53.7% | -9.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $963M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $322M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $544M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $848M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | $702M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $602M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $602M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $602M |
| D&A | $99M |
| EBIT | $783M |
| EBITDA | $881M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $963M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $322M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | $0 |
| Operating Expenses | $544M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $848M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | -$146M |
| INCOME BEFORE TAX | $702M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $602M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $602M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $602M |
| D&A | $99M |
| EBIT | $783M |
| EBITDA | $881M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $602M |
| Depreciation & Amortization | $99M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $79M |
| Change in Working Capital | $62M |
| OPERATING CASH FLOW | $910M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $436M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$858M |
| Net Debt Issuance | $735M |
| Common Stock Repurchased | -$372M |
| Common Dividends Paid | -$197M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $139M |
| FREE CASH FLOW | $838M |
| Net Change in Cash | $183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $2.4B |
| Net Receivables | $1.8B |
| Inventory | $3.0B |
| Other Current Assets | $322M |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.0B |
| Intangible Assets | $728M |
| Long-Term Investments | $0 |
| Tax Assets | $879M |
| Other Non-Current Assets | $459M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $355M |
| Short-Term Debt | $750M |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $395M |
| Deferred Tax Liabilities | $480M |
| Other Non-Current Liabilities | $492M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $959M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $6.8B |
| Net Debt | $5.0B |
