| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.8B | $16.9B | $18.1B | 5.8% | -1.5% |
| Op. Income | -$5.7B | -$1.1B | -$831M | -433.6% | -591.6% |
| Gross Margin | -19.7% | 7.4% | 6.5% | -27.0pp | -26.1pp |
| Net Margin | -34.6% | -8.5% | -9.0% | -26.1pp | -25.5pp |
| EPS (Diluted) | $-9.97 | $-2.33 | $-2.69 | -327.9% | -270.6% |
| Free Cash Flow | -$2.0B | -$4.4B | -$310M | 55.7% | -531.0% |
| Item | Amount |
|---|---|
| REVENUE | $17.8B |
| Cost of Revenue | $21.3B |
| GROSS PROFIT | -$3.5B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $23.6B |
| OPERATING INCOME | -$5.7B |
| Interest Income | $0 |
| Interest Expense | $728M |
| Other Income/Expenses | -$477M |
| INCOME BEFORE TAX | -$6.2B |
| Income Tax Expense | -$50M |
| Net Income from Continuing Ops | -$6.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6.2B |
| D&A | $444M |
| EBIT | -$5.5B |
| EBITDA | -$5.1B |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$6.2B |
| Depreciation & Amortization | $444M |
| Stock-Based Compensation | $102M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3.7B |
| Change in Working Capital | $597M |
| OPERATING CASH FLOW | -$1.3B |
| Capital Expenditure | -$611M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$134M |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $51M |
| NET CASH FROM INVESTING | $679M |
| Net Debt Issuance | -$312M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | -$300M |
| FREE CASH FLOW | -$2.0B |
| Net Change in Cash | -$933M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.0B |
| Short-Term Investments | $509M |
| Net Receivables | $12.7B |
| Inventory | $83.3B |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $109.4B |
| PP&E (Net) | $11.6B |
| Goodwill | $8.1B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $1.0B |
| Tax Assets | $44M |
| Other Non-Current Assets | $5.5B |
| TOTAL NON-CURRENT ASSETS | $28.3B |
| TOTAL ASSETS | $137.7B |
| Account Payables | $12.3B |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $57.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $97.3B |
| Long-Term Debt | $53.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $249M |
| Other Non-Current Liabilities | $10.5B |
| TOTAL NON-CURRENT LIABILITIES | $64.0B |
| TOTAL LIABILITIES | $161.3B |
| Common Stock | $5.1B |
| Additional Paid-In Capital | $10.9B |
| Retained Earnings | $19.3B |
| Treasury Stock | -$48.6B |
| Accum. Other Comp. Income | -$10.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$23.6B |
| Minority Interest | -$10M |
| TOTAL EQUITY | -$23.6B |
| TOTAL LIABILITIES & EQUITY | $137.7B |
| Total Debt | $57.6B |
| Net Debt | $47.7B |
