| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | $2.7B | -5.7% | -9.1% |
| Op. Income | $169M | $300M | $174M | -43.6% | -2.6% |
| Gross Margin | 33.2% | 32.5% | 25.1% | 0.7pp | 8.1pp |
| Net Margin | 3.2% | 4.5% | 0.9% | -1.3pp | 2.3pp |
| EPS (Diluted) | $0.07 | $0.10 | $0.02 | -32.6% | 238.1% |
| Free Cash Flow | -$898M | $201M | -$440M | -545.5% | -103.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $819M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$344M |
| Other Expenses | $993M |
| Operating Expenses | $650M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $169M |
| Interest Income | $1.9B |
| Interest Expense | $1.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $90M |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $53M |
| EBIT | $169M |
| EBITDA | $222M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $819M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$344M |
| Other Expenses | $993M |
| Operating Expenses | $650M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $169M |
| Interest Income | $1.9B |
| Interest Expense | $1.4B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $90M |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $53M |
| EBIT | $169M |
| EBITDA | $222M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $308M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | -$839M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$727M |
| NET CASH FROM INVESTING | -$786M |
| Net Debt Issuance | $149M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | $734M |
| NET CASH FROM FINANCING | $814M |
| FREE CASH FLOW | -$898M |
| Net Change in Cash | -$603M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $8.0B |
| Net Receivables | $8.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21.1B |
| PP&E (Net) | $1.8B |
| Goodwill | $623M |
| Intangible Assets | $4.8B |
| Long-Term Investments | $55.9B |
| Tax Assets | $456M |
| Other Non-Current Assets | $7.4B |
| TOTAL NON-CURRENT ASSETS | $70.8B |
| TOTAL ASSETS | $91.9B |
| Account Payables | $912M |
| Short-Term Debt | $439M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56.3B |
| TOTAL CURRENT LIABILITIES | $57.7B |
| Long-Term Debt | $18.8B |
| Deferred Revenue NC | $146M |
| Deferred Tax Liabilities | $1.6B |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $24.9B |
| TOTAL LIABILITIES | $82.6B |
| Common Stock | $7M |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$68M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | $4.4B |
| TOTAL EQUITY | $9.3B |
| TOTAL LIABILITIES & EQUITY | $91.9B |
| Total Debt | $20.0B |
| Net Debt | $15.6B |
