| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.7B | $3.5B | 6.4% | 13.8% |
| Op. Income | $760M | $644M | $585M | 18.0% | 29.9% |
| Gross Margin | 85.8% | 85.9% | 85.7% | -0.1pp | 0.1pp |
| Net Margin | 15.2% | 13.2% | 12.5% | 2.0pp | 2.7pp |
| EPS (Diluted) | $2.86 | $2.31 | $2.02 | 23.8% | 41.6% |
| Free Cash Flow | $460M | $655M | $383M | -29.8% | 20.1% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $563M |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.2B |
| SG&A Expenses | $2.2B |
| Other Expenses | $471M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $760M |
| Interest Income | $1.1B |
| Interest Expense | $541M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $760M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $602M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $602M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $600M |
| D&A | $47M |
| EBIT | $760M |
| EBITDA | $807M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $563M |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2.2B |
| SG&A Expenses | $2.2B |
| Other Expenses | $471M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $760M |
| Interest Income | $1.1B |
| Interest Expense | $541M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $760M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $602M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $602M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $600M |
| D&A | $47M |
| EBIT | $760M |
| EBITDA | $807M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $602M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | -$55M |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $510M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$133M |
| Sales/Maturities of Investments | $751M |
| Other Investing Activities | -$779M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | $1.6B |
| Common Stock Repurchased | -$329M |
| Common Dividends Paid | -$95M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $460M |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.0B |
| Short-Term Investments | $8.2B |
| Net Receivables | $4.5B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.0B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.5B |
| Intangible Assets | $435M |
| Long-Term Investments | $47.7B |
| Tax Assets | $651M |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $59.0B |
| TOTAL ASSETS | $83.0B |
| Account Payables | $5.8B |
| Short-Term Debt | $938M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57.0B |
| TOTAL CURRENT LIABILITIES | $63.7B |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $71.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $11.9B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | -$502M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.7B |
| Minority Interest | -$6M |
| TOTAL EQUITY | $11.7B |
| TOTAL LIABILITIES & EQUITY | $83.0B |
| Total Debt | $4.0B |
| Net Debt | -$7.0B |
