| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $807M | $828M | $932M | -2.5% | -13.4% |
| Op. Income | $35M | $35M | $91M | 0.0% | -61.5% |
| Gross Margin | 18.7% | 18.2% | 22.3% | 0.5pp | -3.6pp |
| Net Margin | 15.2% | 26.1% | -31.0% | -10.8pp | 46.3pp |
| EPS (Diluted) | $0.72 | $1.07 | $-1.33 | -32.7% | 154.1% |
| Free Cash Flow | -$29M | -$66M | -$33M | 56.1% | 12.1% |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $656M |
| GROSS PROFIT | $151M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $115M |
| Operating Expenses | $116M |
| Cost & Expenses | $772M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $124M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $44M |
| EBIT | -$7M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $656M |
| GROSS PROFIT | $151M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $115M |
| Operating Expenses | $116M |
| Cost & Expenses | $772M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $124M |
| INCOME BEFORE TAX | $159M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $44M |
| EBIT | -$7M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $123M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$191M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $224M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | $208M |
| Net Debt Issuance | -$84M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $393M |
| Short-Term Investments | $0 |
| Net Receivables | $823M |
| Inventory | $0 |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $348M |
| Goodwill | $642M |
| Intangible Assets | $201M |
| Long-Term Investments | $4M |
| Tax Assets | $22M |
| Other Non-Current Assets | $179M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $133M |
| Short-Term Debt | $26M |
| Deferred Revenue | $115M |
| Other Current Liabilities | $239M |
| TOTAL CURRENT LIABILITIES | $827M |
| Long-Term Debt | $718M |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $991M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$210M |
| Accum. Other Comp. Income | -$449M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $4M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $937M |
| Net Debt | $544M |
