| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $424M | $625M | 35.1% | -8.3% |
| Op. Income | $111M | $89M | $137M | 25.1% | -18.8% |
| Gross Margin | 37.8% | 35.2% | 26.3% | 2.6pp | 11.5pp |
| Net Margin | -227.8% | 47.3% | -27.6% | -275.1pp | -200.2pp |
| EPS (Diluted) | $0.06 | $0.28 | $-0.25 | -77.8% | 124.8% |
| Free Cash Flow | -$116M | $32M | -$147M | -462.9% | 21.2% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $217M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $103M |
| Operating Expenses | $106M |
| Cost & Expenses | $462M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $91M |
| Other Income/Expenses | -$71M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | -$1.4B |
| Other Adjustments | $0 |
| NET INCOME | -$1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $111M |
| EBIT | $114M |
| EBITDA | $225M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$1.3B |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$182M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | $92M |
| Common Stock Repurchased | -$894.0K |
| Common Dividends Paid | -$87M |
| Other Financing Activities | $122M |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | -$116M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $0 |
| Net Receivables | $382M |
| Inventory | $228M |
| Other Current Assets | $345M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $9.3B |
| Goodwill | $1.3B |
| Intangible Assets | $72M |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $16.7B |
| TOTAL ASSETS | $17.8B |
| Account Payables | $107M |
| Short-Term Debt | $264M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $319M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $7.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $7.4B |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $17.8B |
| Total Debt | $7.5B |
| Net Debt | $7.4B |
