| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $621M | $652M | $672M | -4.8% | -7.7% |
| Op. Income | $155M | $174M | $226M | -10.8% | -31.4% |
| Gross Margin | 27.4% | 29.7% | 37.5% | -2.3pp | -10.1pp |
| Net Margin | 21.8% | 11.6% | 13.8% | 10.1pp | 8.0pp |
| EPS (Diluted) | $0.17 | $0.10 | $0.11 | 76.9% | 53.3% |
| Free Cash Flow | $177M | $118M | $21M | 49.9% | 726.1% |
| Item | Amount |
|---|---|
| REVENUE | $621M |
| Cost of Revenue | $451M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $155M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $264M |
| EBIT | $155M |
| EBITDA | $419M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $621M |
| Cost of Revenue | $451M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $155M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $157M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $135M |
| D&A | $264M |
| EBIT | $155M |
| EBITDA | $419M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $135M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $227M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $402M |
| Capital Expenditure | -$225M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$674.5K |
| NET CASH FROM INVESTING | -$226M |
| Net Debt Issuance | -$117M |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $275M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $324M |
| PP&E (Net) | $5.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $177M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $427M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $472M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $521M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $4.6B |
| Additional Paid-In Capital | $223M |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $579M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $1.7B |
| Net Debt | $1.7B |
