| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.4B | $5.6B | 1.7% | -2.0% |
| Op. Income | $482M | $433M | $478M | 11.2% | 0.7% |
| Gross Margin | 21.8% | 21.8% | 21.8% | -0.0pp | -0.0pp |
| Net Margin | 5.7% | 5.2% | 5.6% | 0.6pp | 0.1pp |
| EPS (Diluted) | $2.35 | $2.07 | $2.32 | 13.5% | 1.3% |
| Free Cash Flow | $309M | $119M | $425M | 159.2% | -27.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $719M |
| Other Expenses | $0 |
| Operating Expenses | $719M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $482M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $428M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $69M |
| EBIT | $482M |
| EBITDA | $551M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $719M |
| Other Expenses | $0 |
| Operating Expenses | $719M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $482M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $428M |
| Income Tax Expense | $111M |
| Net Income from Continuing Ops | $316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $316M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $316M |
| D&A | $69M |
| EBIT | $482M |
| EBITDA | $551M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $316M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $342M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$211M |
| NET CASH FROM INVESTING | -$245M |
| Net Debt Issuance | $419M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$57M |
| NET CASH FROM FINANCING | $179M |
| FREE CASH FLOW | $309M |
| Net Change in Cash | $281M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $947M |
| Short-Term Investments | $212M |
| Net Receivables | $5.4B |
| Inventory | $683M |
| Other Current Assets | $407M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $322M |
| Goodwill | $4.4B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $709M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $14.4B |
| Account Payables | $3.2B |
| Short-Term Debt | $423M |
| Deferred Revenue | $475M |
| Other Current Liabilities | $811M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $145M |
| Other Non-Current Liabilities | $658M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$108M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $14.4B |
| Total Debt | $6.2B |
| Net Debt | $5.2B |
