| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.6B | $4.9B | -7.4% | 5.5% |
| Op. Income | $225M | $214M | $164M | 5.1% | 37.2% |
| Gross Margin | 12.5% | 9.8% | 8.9% | 2.7pp | 3.6pp |
| Net Margin | 2.8% | 2.8% | 3.2% | 0.1pp | -0.4pp |
| EPS (Diluted) | $2.22 | $2.33 | $2.37 | -4.7% | -6.3% |
| Free Cash Flow | $1.6B | $1.1B | $1.2B | 50.0% | 28.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $651M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $426M |
| Operating Expenses | $426M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $225M |
| Interest Income | $88M |
| Interest Expense | $86M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $0 |
| EBIT | $311M |
| EBITDA | $311M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $651M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $426M |
| Operating Expenses | $426M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $225M |
| Interest Income | $88M |
| Interest Expense | $86M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $225M |
| Income Tax Expense | $75M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $0 |
| EBIT | $311M |
| EBITDA | $311M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6.8B |
| Change in Working Capital | $8.2B |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$66M |
| Purchases of Investments | -$10.7B |
| Sales/Maturities of Investments | $7.2B |
| Other Investing Activities | -$584M |
| NET CASH FROM INVESTING | -$4.2B |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$58M |
| Other Financing Activities | $881M |
| NET CASH FROM FINANCING | $797M |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | -$1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $0 |
| Net Receivables | $3.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $450M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $98.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.0B |
| TOTAL NON-CURRENT ASSETS | $111.5B |
| TOTAL ASSETS | $118.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $100.5B |
| TOTAL NON-CURRENT LIABILITIES | $107.8B |
| TOTAL LIABILITIES | $107.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $9.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | $849M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $90M |
| TOTAL EQUITY | $10.9B |
| TOTAL LIABILITIES & EQUITY | $118.7B |
| Total Debt | $5.0B |
| Net Debt | $1.7B |
