| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B | $3.2B | 0.5% | 5.9% |
| Op. Income | $909M | $855M | $907M | 6.3% | 0.2% |
| Gross Margin | 65.2% | 63.8% | 68.3% | 1.4pp | -3.0pp |
| Net Margin | 21.3% | 19.4% | 21.6% | 1.8pp | -0.3pp |
| EPS (Diluted) | $4.02 | $3.73 | $3.98 | 7.8% | 1.0% |
| Free Cash Flow | -$58M | $1.3B | $1.4B | -104.5% | -104.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $800M |
| SG&A Expenses | $827M |
| Other Expenses | $476M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $909M |
| Interest Income | $2.8B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $909M |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $721M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $721M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $122M |
| EBIT | $909M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $800M |
| SG&A Expenses | $827M |
| Other Expenses | $476M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $909M |
| Interest Income | $2.8B |
| Interest Expense | $1.1B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $909M |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $721M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $721M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $674M |
| D&A | $122M |
| EBIT | $909M |
| EBITDA | $1.0B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $721M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $115M |
| Change in Working Capital | -$987M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4.1B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | $461M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | -$548M |
| Common Dividends Paid | -$225M |
| Other Financing Activities | $4.7B |
| NET CASH FROM FINANCING | $1.9B |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | $438M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26.6B |
| Short-Term Investments | $12.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39.3B |
| PP&E (Net) | $1.7B |
| Goodwill | $8.5B |
| Intangible Assets | $107M |
| Long-Term Investments | $153.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $172.5B |
| TOTAL ASSETS | $211.8B |
| Account Payables | $0 |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $164.6B |
| TOTAL CURRENT LIABILITIES | $167.2B |
| Long-Term Debt | $11.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $15.8B |
| TOTAL LIABILITIES | $182.9B |
| Common Stock | $91M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $18.7B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.9B |
| TOTAL LIABILITIES & EQUITY | $211.8B |
| Total Debt | $14.2B |
| Net Debt | -$12.4B |
