| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $622M | $590M | $499M | 5.4% | 24.7% |
| Op. Income | $184M | $145M | $141M | 26.4% | 30.2% |
| Gross Margin | 98.7% | 98.4% | 97.8% | 0.3pp | 1.0pp |
| Net Margin | 20.9% | 11.0% | 16.7% | 9.9pp | 4.2pp |
| EPS (Diluted) | $1.24 | $0.63 | $0.82 | 96.8% | 51.2% |
| Free Cash Flow | $150M | $53M | $204M | 182.8% | -26.7% |
| Item | Amount |
|---|---|
| REVENUE | $622M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $614M |
| R&D Expenses | $195M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $234M |
| Other Expenses | $1M |
| Operating Expenses | $430M |
| Cost & Expenses | $438M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $7M |
| EBIT | $185M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $622M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $614M |
| R&D Expenses | $195M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $234M |
| Other Expenses | $1M |
| Operating Expenses | $430M |
| Cost & Expenses | $438M |
| OPERATING INCOME | $184M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | $130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $130M |
| D&A | $7M |
| EBIT | $185M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $130M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$35M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $158M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$233M |
| Sales/Maturities of Investments | $265M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $209M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $879M |
| Net Receivables | $481M |
| Inventory | $46M |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $337M |
| Goodwill | $0 |
| Intangible Assets | $35M |
| Long-Term Investments | $771M |
| Tax Assets | $454M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $96M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253M |
| TOTAL CURRENT LIABILITIES | $430M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $135M |
| TOTAL NON-CURRENT LIABILITIES | $386M |
| TOTAL LIABILITIES | $816M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $81M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $251M |
| Net Debt | -$98M |
