| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | $7.0B | $6.5B | 5.9% | 12.8% |
| Op. Income | $4.0B | $4.0B | $3.8B | -0.8% | 4.2% |
| Gross Margin | 74.2% | 76.9% | 75.9% | -2.7pp | -1.7pp |
| Net Margin | 44.3% | 46.8% | 49.0% | -2.5pp | -4.7pp |
| EPS (Diluted) | $3.53 | $3.50 | $3.39 | 0.9% | 4.1% |
| Free Cash Flow | $4.9B | $2.8B | $3.1B | 71.2% | 55.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $220M |
| General & Administrative | $829M |
| SG&A Expenses | $1.0B |
| Other Expenses | $417M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $159M |
| Other Income/Expenses | -$138M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $603M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $225M |
| EBIT | $4.0B |
| EBITDA | $4.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $220M |
| General & Administrative | $829M |
| SG&A Expenses | $1.0B |
| Other Expenses | $417M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $159M |
| Other Income/Expenses | -$138M |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $603M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $225M |
| EBIT | $4.0B |
| EBITDA | $4.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.3B |
| Depreciation & Amortization | $225M |
| Stock-Based Compensation | $155M |
| Deferred Income Tax | -$168M |
| Other Non-Cash Items | $601M |
| Change in Working Capital | $1.1B |
| OPERATING CASH FLOW | $5.1B |
| Capital Expenditure | -$270M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$222M |
| Sales/Maturities of Investments | $235M |
| Other Investing Activities | -$162M |
| NET CASH FROM INVESTING | -$256M |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | -$2.9B |
| Common Dividends Paid | -$611M |
| Other Financing Activities | $47M |
| NET CASH FROM FINANCING | -$857M |
| FREE CASH FLOW | $4.9B |
| Net Change in Cash | $4.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.1B |
| Short-Term Investments | $338M |
| Net Receivables | $4.0B |
| Inventory | $0 |
| Other Current Assets | $6.9B |
| TOTAL CURRENT ASSETS | $22.3B |
| PP&E (Net) | $2.2B |
| Goodwill | $7.7B |
| Intangible Assets | $4.2B |
| Long-Term Investments | $1.6B |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $24.9B |
| TOTAL ASSETS | $47.2B |
| Account Payables | $911M |
| Short-Term Debt | $750M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $17.3B |
| Long-Term Debt | $17.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $349M |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $22.4B |
| TOTAL LIABILITIES | $39.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | $70.3B |
| Treasury Stock | -$68.0B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.4B |
| Minority Interest | $58M |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $47.2B |
| Total Debt | $18.4B |
| Net Debt | $7.3B |
