| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.8B | $9.6B | $8.5B | 2.8% | 15.0% |
| Op. Income | $2.9B | $2.6B | $1.9B | 11.8% | 51.8% |
| Gross Margin | 47.9% | 45.9% | 42.3% | 2.0pp | 5.6pp |
| Net Margin | 24.1% | 22.5% | 19.6% | 1.6pp | 4.4pp |
| EPS (Diluted) | $0.54 | $0.49 | $0.37 | 10.2% | 44.8% |
| Free Cash Flow | $2.2B | $1.2B | $1.9B | 81.0% | 16.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $735M |
| Selling & Marketing | $643M |
| General & Administrative | $417M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $207M |
| Other Income/Expenses | -$207M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $339M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $3.8B |
| EBIT | $2.9B |
| EBITDA | $6.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.8B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $735M |
| Selling & Marketing | $643M |
| General & Administrative | $417M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $207M |
| Other Income/Expenses | -$207M |
| INCOME BEFORE TAX | $2.7B |
| Income Tax Expense | $339M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $3.8B |
| EBIT | $2.9B |
| EBITDA | $6.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $3.8B |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | -$201M |
| Other Non-Cash Items | -$3.9B |
| Change in Working Capital | $180M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$127M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | -$1.7B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $227M |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $832M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.5B |
| Short-Term Investments | $1.8B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $12.1B |
| PP&E (Net) | $1.6B |
| Goodwill | $0 |
| Intangible Assets | $32.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $40.2B |
| TOTAL ASSETS | $52.3B |
| Account Payables | $642M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $10.7B |
| Long-Term Debt | $14.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $18.9B |
| TOTAL LIABILITIES | $29.6B |
| Common Stock | $5.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $29.4B |
| Treasury Stock | -$12.3B |
| Accum. Other Comp. Income | -$345M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $22.7B |
| TOTAL LIABILITIES & EQUITY | $52.3B |
| Total Debt | $18.5B |
| Net Debt | $11.1B |
