| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.6B | $3.3B | 3.3% | 14.2% |
| Op. Income | $644M | $609M | $486M | 5.7% | 32.5% |
| Gross Margin | 85.9% | 84.9% | 86.5% | 0.9pp | -0.6pp |
| Net Margin | 13.2% | 13.2% | 11.3% | 0.0pp | 1.9pp |
| EPS (Diluted) | $2.31 | $2.22 | $1.71 | 4.1% | 35.1% |
| Free Cash Flow | $655M | $342M | -$241M | 91.5% | 371.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $524M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.1B |
| SG&A Expenses | $2.1B |
| Other Expenses | $456M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $644M |
| Interest Income | $1.1B |
| Interest Expense | $534M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $644M |
| Income Tax Expense | $152M |
| Net Income from Continuing Ops | $492M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $492M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $490M |
| D&A | $45M |
| EBIT | $644M |
| EBITDA | $689M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $524M |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.1B |
| SG&A Expenses | $2.1B |
| Other Expenses | $456M |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $644M |
| Interest Income | $1.1B |
| Interest Expense | $534M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $644M |
| Income Tax Expense | $152M |
| Net Income from Continuing Ops | $492M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $492M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $490M |
| D&A | $45M |
| EBIT | $644M |
| EBITDA | $689M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $492M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | $157M |
| OPERATING CASH FLOW | $711M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $546M |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$648M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$243M |
| Common Dividends Paid | -$95M |
| Other Financing Activities | -$434M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $655M |
| Net Change in Cash | -$970M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $8.5B |
| Net Receivables | $4.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22.6B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $46.8B |
| Tax Assets | $658M |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $58.0B |
| TOTAL ASSETS | $80.6B |
| Account Payables | $5.5B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $55.3B |
| TOTAL CURRENT LIABILITIES | $61.9B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $69.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | $11.4B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$717M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | -$7M |
| TOTAL EQUITY | $11.2B |
| TOTAL LIABILITIES & EQUITY | $80.6B |
| Total Debt | $4.2B |
| Net Debt | -$4.9B |
