| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $320M | $605M | $394M | -47.1% | -18.7% |
| Op. Income | -$178M | $109M | -$138M | -263.7% | -28.8% |
| Gross Margin | 13.9% | 50.6% | 25.6% | -36.7pp | -11.7pp |
| Net Margin | -50.5% | 14.6% | -23.1% | -65.1pp | -27.4pp |
| EPS (Diluted) | $-1.04 | $0.56 | $-0.62 | -285.7% | -67.7% |
| Free Cash Flow | $194M | $93M | $46M | 107.5% | 318.1% |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $275M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $135M |
| SG&A Expenses | $142M |
| Other Expenses | $80M |
| Operating Expenses | $222M |
| Cost & Expenses | $498M |
| OPERATING INCOME | -$178M |
| Interest Income | $529M |
| Interest Expense | $258M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$178M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$162M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | -$163M |
| D&A | $28M |
| EBIT | -$178M |
| EBITDA | -$149M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$162M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $292M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$557M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$615M |
| Common Stock Repurchased | -$227.0K |
| Common Dividends Paid | -$39M |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $891M |
| FREE CASH FLOW | $194M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $998M |
| Short-Term Investments | $4.6B |
| Net Receivables | $168M |
| Inventory | $0 |
| Other Current Assets | -$22M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $379M |
| Goodwill | $1.1B |
| Intangible Assets | $119M |
| Long-Term Investments | $34.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $37.3B |
| TOTAL ASSETS | $43.0B |
| Account Payables | $0 |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34.6B |
| TOTAL CURRENT LIABILITIES | $36.4B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $607M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $38.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.9B |
| Treasury Stock | -$483M |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $43.0B |
| Total Debt | $3.2B |
| Net Debt | $2.2B |
