| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $1.7B | -3.7% | 4.7% |
| Op. Income | $381M | $480M | $434M | -20.6% | -12.2% |
| Gross Margin | 55.3% | 53.2% | 54.2% | 2.2pp | 1.1pp |
| Net Margin | 14.9% | 19.7% | 21.2% | -4.8pp | -6.3pp |
| EPS (Diluted) | $0.28 | $0.38 | $0.35 | -26.3% | -20.0% |
| Free Cash Flow | $350M | $556M | $319M | -37.2% | 9.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $810M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $780M |
| General & Administrative | -$286M |
| SG&A Expenses | $494M |
| Other Expenses | $127M |
| Operating Expenses | $621M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $381M |
| Interest Income | $18M |
| Interest Expense | $10M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $271M |
| D&A | $21M |
| EBIT | $381M |
| EBITDA | $402M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $810M |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $780M |
| General & Administrative | -$286M |
| SG&A Expenses | $494M |
| Other Expenses | $127M |
| Operating Expenses | $621M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $381M |
| Interest Income | $18M |
| Interest Expense | $10M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $386M |
| Income Tax Expense | $115M |
| Net Income from Continuing Ops | $271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $271M |
| D&A | $21M |
| EBIT | $381M |
| EBITDA | $402M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $271M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $134M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $462M |
| Capital Expenditure | -$112M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | -$377M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$361M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $737M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.3B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $184M |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $467M |
| Short-Term Debt | $0 |
| Deferred Revenue | $46M |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $374M |
| Deferred Revenue NC | $179M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $664M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $7.4B |
| Treasury Stock | -$6.4B |
| Accum. Other Comp. Income | -$269M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $374M |
| Net Debt | -$1.2B |
