| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.2B | $12.9B | — | 2.3% | — |
| Op. Income | $3.6B | $4.0B | — | -9.6% | — |
| Gross Margin | 75.4% | 75.3% | — | 0.1pp | — |
| Net Margin | 24.2% | 25.2% | — | -1.0pp | — |
| EPS (Diluted) | $1.57 | $1.59 | — | -1.3% | — |
| Free Cash Flow | $5.5B | $4.1B | — | 32.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $13.2B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $9.9B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.1B |
| Other Expenses | $785M |
| Operating Expenses | $6.3B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.6B |
| Interest Income | $0 |
| Interest Expense | $267M |
| Other Income/Expenses | -$242M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $2.0B |
| EBIT | $3.6B |
| EBITDA | $5.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $13.2B |
| Cost of Revenue | $3.2B |
| GROSS PROFIT | $9.9B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.1B |
| Other Expenses | $785M |
| Operating Expenses | $6.3B |
| Cost & Expenses | $9.5B |
| OPERATING INCOME | $3.6B |
| Interest Income | $0 |
| Interest Expense | $267M |
| Other Income/Expenses | -$242M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $200M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $2.0B |
| EBIT | $3.6B |
| EBITDA | $5.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $2.0B |
| Stock-Based Compensation | $255M |
| Deferred Income Tax | $200M |
| Other Non-Cash Items | -$147M |
| Change in Working Capital | $824M |
| OPERATING CASH FLOW | $6.3B |
| Capital Expenditure | -$799M |
| Acquisitions (Net) | -$50M |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$466M |
| NET CASH FROM INVESTING | -$374M |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | -$2.9B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$382M |
| FREE CASH FLOW | $5.5B |
| Net Change in Cash | $5.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.6B |
| Short-Term Investments | $411M |
| Net Receivables | $8.2B |
| Inventory | $5.9B |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $31.3B |
| PP&E (Net) | $11.2B |
| Goodwill | $24.9B |
| Intangible Assets | $27.9B |
| Long-Term Investments | $2.2B |
| Tax Assets | $4.6B |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $72.3B |
| TOTAL ASSETS | $103.5B |
| Account Payables | $4.1B |
| Short-Term Debt | $6.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.1B |
| TOTAL CURRENT LIABILITIES | $28.1B |
| Long-Term Debt | $23.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $32.0B |
| TOTAL LIABILITIES | $60.1B |
| Common Stock | $793M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $46.3B |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$3.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $43.3B |
| Minority Interest | $124M |
| TOTAL EQUITY | $43.4B |
| TOTAL LIABILITIES & EQUITY | $103.5B |
| Total Debt | $32.2B |
| Net Debt | $18.6B |
