| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $617M | $590M | $552M | 4.5% | 11.6% |
| Op. Income | $128M | $104M | $121M | 23.5% | 5.8% |
| Gross Margin | 72.8% | 71.4% | 72.1% | 1.4pp | 0.7pp |
| Net Margin | 21.9% | 18.9% | 19.6% | 3.0pp | 2.3pp |
| EPS (Diluted) | $0.83 | $0.68 | $0.67 | 22.1% | 23.9% |
| Free Cash Flow | $77M | $255M | $137M | -70.0% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $617M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $449M |
| R&D Expenses | $161M |
| Selling & Marketing | $73M |
| General & Administrative | $86M |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $128M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $8M |
| EBIT | $128M |
| EBITDA | $137M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $617M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $449M |
| R&D Expenses | $161M |
| Selling & Marketing | $73M |
| General & Administrative | $86M |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $488M |
| OPERATING INCOME | $128M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $42M |
| INCOME BEFORE TAX | $171M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $8M |
| EBIT | $128M |
| EBITDA | $137M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $100M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$542M |
| Sales/Maturities of Investments | $474M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $744M |
| Short-Term Investments | $3.2B |
| Net Receivables | $300M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $106M |
| Goodwill | $440M |
| Intangible Assets | $68M |
| Long-Term Investments | $0 |
| Tax Assets | $218M |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $890M |
| TOTAL ASSETS | $5.2B |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $644M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $768M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $846M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $58M |
| Net Debt | -$686M |
