| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $562M | $666M | $565M | -15.6% | -0.6% |
| Op. Income | -$26M | $35M | -$18M | -175.5% | -47.3% |
| Gross Margin | 8.5% | 17.2% | 12.9% | -8.7pp | -4.3pp |
| Net Margin | -6.5% | 2.1% | -4.4% | -8.6pp | -2.1pp |
| EPS (Diluted) | $-2.05 | $0.75 | $-1.44 | -373.3% | -42.4% |
| Free Cash Flow | -$29M | $7M | -$101M | -508.4% | 71.7% |
| Item | Amount |
|---|---|
| REVENUE | $562M |
| Cost of Revenue | $514M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $49M |
| Operating Expenses | $74M |
| Cost & Expenses | $589M |
| OPERATING INCOME | -$26M |
| Interest Income | $10M |
| Interest Expense | $27M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $64M |
| EBIT | -$16M |
| EBITDA | $48M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $69M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$1.0K |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $493M |
| Net Receivables | $62M |
| Inventory | $36M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $931M |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $277M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $55M |
| Short-Term Debt | $421M |
| Deferred Revenue | $439M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $367M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $757M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$682M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $2.3B |
| Net Debt | $2.0B |
