| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.2B | $21.4B | $20.1B | -5.8% | 0.6% |
| Op. Income | $4.5B | $4.4B | $4.2B | 0.6% | 5.0% |
| Gross Margin | 51.2% | 52.7% | 48.2% | -1.5pp | 3.0pp |
| Net Margin | 18.6% | 16.2% | 16.9% | 2.4pp | 1.7pp |
| EPS (Diluted) | $1.52 | $1.40 | $1.37 | 8.6% | 10.9% |
| Free Cash Flow | $4.5B | $4.3B | $3.1B | 5.9% | 44.8% |
| Item | Amount |
|---|---|
| REVENUE | $20.2B |
| Cost of Revenue | $9.9B |
| GROSS PROFIT | $10.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.9B |
| Other Expenses | $0 |
| Operating Expenses | $5.9B |
| Cost & Expenses | $15.7B |
| OPERATING INCOME | $4.5B |
| Interest Income | $104M |
| Interest Expense | $233M |
| Other Income/Expenses | $132M |
| INCOME BEFORE TAX | $4.6B |
| Income Tax Expense | $812M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $712M |
| EBIT | $4.8B |
| EBITDA | $5.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $20.2B |
| Cost of Revenue | $9.9B |
| GROSS PROFIT | $10.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.9B |
| Other Expenses | $0 |
| Operating Expenses | $5.9B |
| Cost & Expenses | $15.7B |
| OPERATING INCOME | $4.5B |
| Interest Income | $104M |
| Interest Expense | $233M |
| Other Income/Expenses | $132M |
| INCOME BEFORE TAX | $4.6B |
| Income Tax Expense | $812M |
| Net Income from Continuing Ops | $3.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $3.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $712M |
| EBIT | $4.8B |
| EBITDA | $5.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.8B |
| Depreciation & Amortization | $712M |
| Stock-Based Compensation | $158M |
| Deferred Income Tax | -$52M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$606M |
| OPERATING CASH FLOW | $5.3B |
| Capital Expenditure | -$797M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | -$987M |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | $566M |
| NET CASH FROM FINANCING | -$4.3B |
| FREE CASH FLOW | $4.5B |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $0 |
| Net Receivables | $6.1B |
| Inventory | $7.1B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $22.5B |
| PP&E (Net) | $22.0B |
| Goodwill | $40.6B |
| Intangible Assets | $22.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.4B |
| TOTAL NON-CURRENT ASSETS | $97.1B |
| TOTAL ASSETS | $119.6B |
| Account Payables | $13.7B |
| Short-Term Debt | $7.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1M |
| TOTAL CURRENT LIABILITIES | $32.3B |
| Long-Term Debt | $24.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.3B |
| Other Non-Current Liabilities | $6.4B |
| TOTAL NON-CURRENT LIABILITIES | $36.9B |
| TOTAL LIABILITIES | $69.3B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $67.4B |
| Retained Earnings | $123.1B |
| Treasury Stock | -$132.2B |
| Accum. Other Comp. Income | -$12.4B |
| Other Equity | -$737M |
| TOTAL STOCKHOLDERS' EQUITY | $50.1B |
| Minority Interest | $275M |
| TOTAL EQUITY | $50.3B |
| TOTAL LIABILITIES & EQUITY | $119.6B |
| Total Debt | $32.0B |
| Net Debt | $25.2B |
