| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $544M | — | $546M | — | -0.4% |
| Op. Income | -$61M | — | $62M | — | -198.4% |
| Gross Margin | 34.2% | — | 32.6% | — | 1.6pp |
| Net Margin | 1.1% | — | 9.2% | — | -8.1pp |
| EPS (Diluted) | $0.12 | — | $0.96 | — | -87.5% |
| Free Cash Flow | $87M | — | $97M | — | -10.3% |
| Item | Amount |
|---|---|
| REVENUE | $544M |
| Cost of Revenue | $358M |
| GROSS PROFIT | $186M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $114M |
| SG&A Expenses | $114M |
| Other Expenses | $118M |
| Operating Expenses | $247M |
| Cost & Expenses | $605M |
| OPERATING INCOME | -$61M |
| Interest Income | $3M |
| Interest Expense | $12M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | -$101M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | -$25M |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $61M |
| EBIT | -$58M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $106M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$130M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$151M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $399M |
| Short-Term Investments | $0 |
| Net Receivables | $224M |
| Inventory | $532M |
| Other Current Assets | $230M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.4B |
| Intangible Assets | $761M |
| Long-Term Investments | $0 |
| Tax Assets | $160M |
| Other Non-Current Assets | $679M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $198M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $464M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $848M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$499M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
