| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $6.2B | $6.5B | -8.9% | -13.2% |
| Op. Income | $190M | $236M | $314M | -19.5% | -39.4% |
| Gross Margin | 11.8% | 11.4% | 12.5% | 0.5pp | -0.6pp |
| Net Margin | 1.6% | 1.9% | 2.9% | -0.3pp | -1.3pp |
| EPS (Diluted) | $0.97 | $1.28 | $2.03 | -24.2% | -52.2% |
| Free Cash Flow | $457M | -$124M | -$8M | 467.9% | 5738.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $669M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $467M |
| Other Expenses | $12M |
| Operating Expenses | $479M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $190M |
| Interest Income | $0 |
| Interest Expense | $73M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $35M |
| EBIT | $175M |
| EBITDA | $211M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $669M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $467M |
| Other Expenses | $12M |
| Operating Expenses | $479M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $190M |
| Interest Income | $0 |
| Interest Expense | $73M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $35M |
| EBIT | $175M |
| EBITDA | $211M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $296.0K |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $387M |
| OPERATING CASH FLOW | $499M |
| Capital Expenditure | -$42M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $256.0K |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$468M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$507M |
| FREE CASH FLOW | $457M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $5.8B |
| Other Current Assets | $200M |
| TOTAL CURRENT ASSETS | $10.5B |
| PP&E (Net) | $781M |
| Goodwill | $781M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $278M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $3.3B |
| Short-Term Debt | $549M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $254M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $90M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$436M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
