| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.6B | $14.3B | $13.5B | -4.8% | 1.2% |
| Op. Income | $89M | $1.4B | -$223M | -93.6% | 139.9% |
| Gross Margin | 20.4% | 24.3% | 19.9% | -3.9pp | 0.4pp |
| Net Margin | -1.1% | 5.0% | -4.0% | -6.1pp | 3.0pp |
| EPS (Diluted) | $-0.23 | $1.01 | $-0.83 | -122.8% | 72.3% |
| Free Cash Flow | -$191M | $477M | -$451M | -140.0% | 57.6% |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $468M |
| General & Administrative | $0 |
| SG&A Expenses | $468M |
| Other Expenses | $2.2B |
| Operating Expenses | $2.7B |
| Cost & Expenses | $13.6B |
| OPERATING INCOME | $89M |
| Interest Income | $117M |
| Interest Expense | $480M |
| Other Income/Expenses | -$345M |
| INCOME BEFORE TAX | -$256M |
| Income Tax Expense | -$107M |
| Net Income from Continuing Ops | -$149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$149M |
| D&A | $479M |
| EBIT | $224M |
| EBITDA | $703M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$149M |
| Depreciation & Amortization | $718M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$292M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $277M |
| Capital Expenditure | -$468M |
| Acquisitions (Net) | $245M |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | $58M |
| Net Debt Issuance | -$137M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | -$191M |
| Net Change in Cash | $591M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $834M |
| Short-Term Investments | $7.6B |
| Net Receivables | $1.8B |
| Inventory | $2.6B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $14.5B |
| PP&E (Net) | $38.6B |
| Goodwill | $4.1B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $2.8B |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $49.1B |
| TOTAL ASSETS | $63.5B |
| Account Payables | $2.6B |
| Short-Term Debt | $5.4B |
| Deferred Revenue | $11.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.5B |
| Long-Term Debt | $26.3B |
| Deferred Revenue NC | $6.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $42.9B |
| TOTAL LIABILITIES | $68.4B |
| Common Stock | $7M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | -$7.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4.9B |
| TOTAL LIABILITIES & EQUITY | $63.5B |
| Total Debt | $39.2B |
| Net Debt | $38.3B |
