| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.4B | 14.4% | 4.2% |
| Op. Income | $650M | $506M | $612M | 28.4% | 6.2% |
| Gross Margin | 73.6% | 71.1% | 73.0% | 2.6pp | 0.6pp |
| Net Margin | 34.6% | 31.2% | 33.8% | 3.4pp | 0.8pp |
| EPS (Diluted) | $1.38 | $1.08 | $1.29 | 27.8% | 7.0% |
| Free Cash Flow | $626M | $271M | $573M | 131.2% | 9.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $380M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $410M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $790M |
| OPERATING INCOME | $650M |
| Interest Income | $19M |
| Interest Expense | $10M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $659M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $499M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $499M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $499M |
| D&A | $45M |
| EBIT | $650M |
| EBITDA | $695M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $380M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $410M |
| Other Expenses | $0 |
| Operating Expenses | $410M |
| Cost & Expenses | $790M |
| OPERATING INCOME | $650M |
| Interest Income | $19M |
| Interest Expense | $10M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $659M |
| Income Tax Expense | $161M |
| Net Income from Continuing Ops | $499M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $499M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $499M |
| D&A | $45M |
| EBIT | $650M |
| EBITDA | $695M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $499M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $67M |
| OPERATING CASH FLOW | $672M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.7B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$320M |
| Other Financing Activities | $615M |
| NET CASH FROM FINANCING | $308M |
| FREE CASH FLOW | $626M |
| Net Change in Cash | $971M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $37M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $6.4B |
| TOTAL CURRENT ASSETS | $9.9B |
| PP&E (Net) | $478M |
| Goodwill | $1.9B |
| Intangible Assets | $205M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $571M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $94M |
| Short-Term Debt | $19M |
| Deferred Revenue | $52M |
| Other Current Liabilities | $6.8B |
| TOTAL CURRENT LIABILITIES | $8.0B |
| Long-Term Debt | $799M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $95M |
| Other Non-Current Liabilities | $331M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$145M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $869M |
| Net Debt | -$825M |
