| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $3.8B | $4.5B | 8.6% | -8.4% |
| Op. Income | $1.6B | $1.2B | $1.9B | 24.5% | -17.9% |
| Gross Margin | 59.6% | 57.8% | 62.1% | 1.8pp | -2.5pp |
| Net Margin | 32.8% | 29.5% | 37.7% | 3.3pp | -4.9pp |
| EPS (Diluted) | $1.47 | $1.22 | $1.85 | 20.5% | -20.5% |
| Free Cash Flow | $416M | $507M | $442M | -17.9% | -5.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $492M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $428M |
| Other Expenses | $0 |
| Operating Expenses | $920M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $402M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $492M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $428M |
| Other Expenses | $0 |
| Operating Expenses | $920M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $131M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $192M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $402M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $402M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$487M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$318M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $416M |
| Net Change in Cash | -$151M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $6.2B |
| Net Receivables | $2.5B |
| Inventory | $4.3B |
| Other Current Assets | $341M |
| TOTAL CURRENT ASSETS | $15.9B |
| PP&E (Net) | $12.6B |
| Goodwill | $4.4B |
| Intangible Assets | $229M |
| Long-Term Investments | $0 |
| Tax Assets | $941M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $19.4B |
| TOTAL ASSETS | $35.3B |
| Account Payables | $794M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $721M |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $788M |
| TOTAL NON-CURRENT LIABILITIES | $14.4B |
| TOTAL LIABILITIES | $18.1B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $52.3B |
| Treasury Stock | -$40.4B |
| Accum. Other Comp. Income | -$195M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.3B |
| TOTAL LIABILITIES & EQUITY | $35.3B |
| Total Debt | $14.6B |
| Net Debt | $12.0B |
