| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $848M | $835M | $801M | 1.5% | 5.9% |
| Op. Income | $117M | $121M | $104M | -2.8% | 12.9% |
| Gross Margin | 27.1% | 28.1% | 25.5% | -0.9pp | 1.6pp |
| Net Margin | 12.0% | 11.7% | 10.6% | 0.4pp | 1.5pp |
| EPS (Diluted) | $1.63 | $1.56 | $1.37 | 4.5% | 19.0% |
| Free Cash Flow | $137M | $83M | $102M | 65.8% | 34.1% |
| Item | Amount |
|---|---|
| REVENUE | $848M |
| Cost of Revenue | $618M |
| GROSS PROFIT | $230M |
| R&D Expenses | $39M |
| Selling & Marketing | $74M |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $730M |
| OPERATING INCOME | $117M |
| Interest Income | $2M |
| Interest Expense | $12M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $29M |
| EBIT | $117M |
| EBITDA | $146M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $848M |
| Cost of Revenue | $618M |
| GROSS PROFIT | $230M |
| R&D Expenses | $39M |
| Selling & Marketing | $74M |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $730M |
| OPERATING INCOME | $117M |
| Interest Income | $2M |
| Interest Expense | $12M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $29M |
| EBIT | $117M |
| EBITDA | $146M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | $307.0K |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $153M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $333.0K |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $5.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $133M |
| Common Stock Repurchased | -$305M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$140M |
| FREE CASH FLOW | $137M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $308M |
| Short-Term Investments | $0 |
| Net Receivables | $812M |
| Inventory | $615M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $944M |
| Goodwill | $795M |
| Intangible Assets | $432M |
| Long-Term Investments | $37M |
| Tax Assets | $56M |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $255M |
| Short-Term Debt | $360M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $913M |
| Long-Term Debt | $560M |
| Deferred Revenue NC | $420M |
| Deferred Tax Liabilities | $131M |
| Other Non-Current Liabilities | $112M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $394M |
| Retained Earnings | $3.2B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $950M |
| Net Debt | $642M |
