| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.2B | $24.2B | $21.5B | 4.0% | 16.9% |
| Op. Income | $3.9B | $3.6B | $3.4B | 9.1% | 16.9% |
| Gross Margin | 40.7% | 39.4% | 41.8% | 1.3pp | -1.0pp |
| Net Margin | 13.0% | 11.9% | 13.1% | 1.1pp | -0.1pp |
| EPS (Diluted) | $2.26 | $2.00 | $2.00 | 12.8% | 13.2% |
| Free Cash Flow | $16.4B | -$11.7B | $6.2B | 240.5% | 165.4% |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $14.9B |
| GROSS PROFIT | $10.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.0B |
| SG&A Expenses | $4.0B |
| Other Expenses | $2.4B |
| Operating Expenses | $6.3B |
| Cost & Expenses | $21.2B |
| OPERATING INCOME | $3.9B |
| Interest Income | $19.8B |
| Interest Expense | $14.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $648M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $558M |
| EBIT | $3.9B |
| EBITDA | $4.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $14.9B |
| GROSS PROFIT | $10.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4.0B |
| SG&A Expenses | $4.0B |
| Other Expenses | $2.4B |
| Operating Expenses | $6.3B |
| Cost & Expenses | $21.2B |
| OPERATING INCOME | $3.9B |
| Interest Income | $19.8B |
| Interest Expense | $14.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $648M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $558M |
| EBIT | $3.9B |
| EBITDA | $4.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.3B |
| Depreciation & Amortization | $558M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$567M |
| Other Non-Cash Items | $528M |
| Change in Working Capital | $13.2B |
| OPERATING CASH FLOW | $17.0B |
| Capital Expenditure | -$524M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$34.2B |
| Sales/Maturities of Investments | $28.3B |
| Other Investing Activities | -$13.8B |
| NET CASH FROM INVESTING | -$20.2B |
| Net Debt Issuance | -$587M |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $16.4B |
| Net Change in Cash | -$4.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82.3B |
| Short-Term Investments | $176.8B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $259.1B |
| PP&E (Net) | $5.1B |
| Goodwill | $14.0B |
| Intangible Assets | $5.9B |
| Long-Term Investments | $871.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $366.0B |
| TOTAL NON-CURRENT ASSETS | $1.3T |
| TOTAL ASSETS | $1.5T |
| Account Payables | $0 |
| Short-Term Debt | $313.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $703.0B |
| TOTAL CURRENT LIABILITIES | $1.0T |
| Long-Term Debt | $235.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $174.3B |
| TOTAL NON-CURRENT LIABILITIES | $409.4B |
| TOTAL LIABILITIES | $1.4T |
| Common Stock | $15.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $62.9B |
| Treasury Stock | -$160M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5.9B |
| TOTAL STOCKHOLDERS' EQUITY | $90.9B |
| Minority Interest | $74M |
| TOTAL EQUITY | $91.0B |
| TOTAL LIABILITIES & EQUITY | $1.5T |
| Total Debt | $548.9B |
| Net Debt | $466.5B |
