| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.8B | $3.2B | 2.1% | 20.7% |
| Op. Income | $1.1B | $1.1B | $855M | 6.6% | 31.8% |
| Gross Margin | 47.5% | 47.5% | 45.5% | 0.1pp | 2.1pp |
| Net Margin | 26.4% | 25.5% | 25.0% | 0.9pp | 1.3pp |
| EPS (Diluted) | $0.78 | $0.73 | $0.60 | 6.8% | 30.0% |
| Free Cash Flow | $762M | $1.3B | $1.0B | -40.5% | -27.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $498M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | -$2M |
| Operating Expenses | $714M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $66M |
| Interest Expense | $46M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $88M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $498M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $217M |
| Other Expenses | -$2M |
| Operating Expenses | $714M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $66M |
| Interest Expense | $46M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $88M |
| EBIT | $1.2B |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $79M |
| Deferred Income Tax | -$61M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$260M |
| OPERATING CASH FLOW | $862M |
| Capital Expenditure | -$101M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$865.0K |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | -$98M |
| Common Stock Repurchased | -$374M |
| Common Dividends Paid | -$261M |
| Other Financing Activities | $156M |
| NET CASH FROM FINANCING | -$574M |
| FREE CASH FLOW | $762M |
| Net Change in Cash | $177M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.8B |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $4.2B |
| Other Current Assets | $298M |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $2.2B |
| Goodwill | $1.6B |
| Intangible Assets | $139M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $18.7B |
| Account Payables | $614M |
| Short-Term Debt | $501M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | $24.8B |
| Treasury Stock | -$24.4B |
| Accum. Other Comp. Income | -$130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $18.7B |
| Total Debt | $5.0B |
| Net Debt | -$865M |
