| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.2B | 2.7% | 7.2% |
| Op. Income | $277M | $262M | $228M | 5.7% | 21.5% |
| Gross Margin | 61.1% | 61.3% | 60.8% | -0.3pp | 0.2pp |
| Net Margin | 16.8% | 16.2% | 14.7% | 0.6pp | 2.1pp |
| EPS (Diluted) | $1.37 | $1.28 | $1.13 | 7.0% | 21.2% |
| Free Cash Flow | $97M | $234M | $280M | -58.5% | -65.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $497M |
| GROSS PROFIT | $779M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $335M |
| SG&A Expenses | $347M |
| Other Expenses | $155M |
| Operating Expenses | $502M |
| Cost & Expenses | $999M |
| OPERATING INCOME | $277M |
| Interest Income | $1.1B |
| Interest Expense | $484M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $32M |
| EBIT | $277M |
| EBITDA | $309M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $497M |
| GROSS PROFIT | $779M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $335M |
| SG&A Expenses | $347M |
| Other Expenses | $155M |
| Operating Expenses | $502M |
| Cost & Expenses | $999M |
| OPERATING INCOME | $277M |
| Interest Income | $1.1B |
| Interest Expense | $484M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $277M |
| Income Tax Expense | $63M |
| Net Income from Continuing Ops | $214M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $214M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $32M |
| EBIT | $277M |
| EBITDA | $309M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $214M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$120M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $640M |
| Sales/Maturities of Investments | $958M |
| Other Investing Activities | -$443M |
| NET CASH FROM INVESTING | $1.1B |
| Net Debt Issuance | -$2.7B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $1.9B |
| NET CASH FROM FINANCING | -$855M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | $397M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $9.5B |
| Net Receivables | $377M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $12.3B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $68.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $74.8B |
| TOTAL ASSETS | $87.0B |
| Account Payables | $0 |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75.7B |
| TOTAL CURRENT LIABILITIES | $78.6B |
| Long-Term Debt | $544M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $80.6B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $87.0B |
| Total Debt | $3.5B |
| Net Debt | $1.1B |
