| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.7B | 8.5% | 4.2% |
| Op. Income | $367M | $283M | $271M | 29.7% | 35.4% |
| Gross Margin | 42.4% | 40.9% | 37.3% | 1.5pp | 5.1pp |
| Net Margin | 14.5% | 12.3% | 10.5% | 2.2pp | 4.0pp |
| EPS (Diluted) | $0.84 | $0.65 | $0.60 | 29.2% | 40.0% |
| Free Cash Flow | -$502M | $26M | -$415M | -2030.8% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $739M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $372M |
| Operating Expenses | $372M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $178M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $273M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $273M |
| EBIT | $451M |
| EBITDA | $724M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $739M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $372M |
| Operating Expenses | $372M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $367M |
| Interest Income | $0 |
| Interest Expense | $178M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $273M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $247M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $253M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $251M |
| D&A | $273M |
| EBIT | $451M |
| EBITDA | $724M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $253M |
| Depreciation & Amortization | $273M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $24M |
| Other Non-Cash Items | -$51M |
| Change in Working Capital | -$195M |
| OPERATING CASH FLOW | $304M |
| Capital Expenditure | -$806M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$855M |
| Net Debt Issuance | $387M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$156M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $229M |
| FREE CASH FLOW | -$502M |
| Net Change in Cash | -$322M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $412M |
| Short-Term Investments | $0 |
| Net Receivables | $803M |
| Inventory | $884M |
| Other Current Assets | $235M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $26.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $74M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $32.1B |
| TOTAL ASSETS | $34.8B |
| Account Payables | $954M |
| Short-Term Debt | $507M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $569M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $15.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.0B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $24.0B |
| TOTAL LIABILITIES | $26.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $530M |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $34.8B |
| Total Debt | $16.2B |
| Net Debt | $15.8B |
