| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $688M | $741M | $853M | -7.2% | -19.4% |
| Op. Income | $22M | $38M | $87M | -40.9% | -74.4% |
| Gross Margin | 31.0% | 25.2% | 33.9% | 5.8pp | -2.9pp |
| Net Margin | 1.0% | 2.2% | 6.2% | -1.2pp | -5.2pp |
| EPS (Diluted) | $0.18 | $0.42 | $1.39 | -57.1% | -87.1% |
| Free Cash Flow | $47M | $72M | $142M | -34.3% | -66.7% |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $474M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $150M |
| SG&A Expenses | $150M |
| Other Expenses | $41M |
| Operating Expenses | $191M |
| Cost & Expenses | $665M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $819.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $43M |
| EBIT | $22M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $688M |
| Cost of Revenue | $474M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $150M |
| SG&A Expenses | $150M |
| Other Expenses | $41M |
| Operating Expenses | $191M |
| Cost & Expenses | $665M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $819.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $43M |
| EBIT | $22M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | -$469.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $529M |
| Inventory | $0 |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $612M |
| PP&E (Net) | $231M |
| Goodwill | $1.1B |
| Intangible Assets | $402M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $116M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $230M |
| TOTAL CURRENT LIABILITIES | $519M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $506.0K |
| Additional Paid-In Capital | $525M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$56.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $891M |
| Minority Interest | $0 |
| TOTAL EQUITY | $891M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
