| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $628M | $622M | $515M | 0.9% | 21.8% |
| Op. Income | $142M | $184M | $150M | -22.7% | -5.5% |
| Gross Margin | 98.5% | 98.7% | 98.4% | -0.2pp | 0.2pp |
| Net Margin | 16.4% | 20.9% | 28.7% | -4.4pp | -12.2pp |
| EPS (Diluted) | $1.00 | $1.24 | $1.44 | -19.4% | -30.6% |
| Free Cash Flow | $235M | $150M | $118M | 56.9% | 99.2% |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $618M |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $288M |
| Other Expenses | $3M |
| Operating Expenses | $476M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $7M |
| EBIT | $175M |
| EBITDA | $182M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $628M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $618M |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $288M |
| Other Expenses | $3M |
| Operating Expenses | $476M |
| Cost & Expenses | $486M |
| OPERATING INCOME | $142M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $163M |
| Income Tax Expense | $60M |
| Net Income from Continuing Ops | $103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $103M |
| D&A | $7M |
| EBIT | $175M |
| EBITDA | $182M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $243M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$312M |
| Sales/Maturities of Investments | $251M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$290M |
| FREE CASH FLOW | $235M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $233M |
| Short-Term Investments | $843M |
| Net Receivables | $479M |
| Inventory | $57M |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $592M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $864M |
| Tax Assets | $486M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $110M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $298M |
| TOTAL CURRENT LIABILITIES | $508M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $166M |
| TOTAL NON-CURRENT LIABILITIES | $621M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $29M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $455M |
| Net Debt | $222M |
