| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.5B | $3.4B | 4.9% | 10.6% |
| Op. Income | $1.2B | $1.1B | $1.2B | 10.3% | -2.6% |
| Gross Margin | 86.8% | 86.5% | 83.9% | 0.3pp | 2.9pp |
| Net Margin | 36.0% | 40.4% | 30.0% | -4.3pp | 6.1pp |
| EPS (Diluted) | $11.54 | $12.41 | $8.89 | -7.0% | 29.8% |
| Free Cash Flow | $1.1B | $143M | $938M | 674.0% | 18.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $491M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $714M |
| Other Expenses | $8M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.2B |
| Interest Income | $187M |
| Interest Expense | $14M |
| Other Income/Expenses | $314M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $152M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $122M |
| EBIT | $1.5B |
| EBITDA | $1.6B |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $491M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $714M |
| Other Expenses | $8M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.2B |
| Interest Income | $187M |
| Interest Expense | $14M |
| Other Income/Expenses | $314M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $152M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $122M |
| EBIT | $1.5B |
| EBITDA | $1.6B |
| EPS | $12 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $225M |
| Deferred Income Tax | -$169M |
| Other Non-Cash Items | -$696M |
| Change in Working Capital | $468M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$184M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$4.6B |
| Sales/Maturities of Investments | $4.3B |
| Other Investing Activities | -$38M |
| NET CASH FROM INVESTING | -$574M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$735M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$154M |
| NET CASH FROM FINANCING | -$634M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $7.8B |
| Net Receivables | $6.1B |
| Inventory | $3.0B |
| Other Current Assets | $412M |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $4.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $8.5B |
| Tax Assets | $3.0B |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $18.1B |
| TOTAL ASSETS | $37.4B |
| Account Payables | $497M |
| Short-Term Debt | $0 |
| Deferred Revenue | $627M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $207M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $12.7B |
| Retained Earnings | $30.8B |
| Treasury Stock | -$14.2B |
| Accum. Other Comp. Income | $60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.3B |
| TOTAL LIABILITIES & EQUITY | $37.4B |
| Total Debt | $2.7B |
| Net Debt | $692M |
