| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.6B | $7.8B | $8.6B | -2.1% | -11.6% |
| Op. Income | $2.1B | $1.9B | $0 | 10.3% | — |
| Gross Margin | 28.9% | 26.1% | 34.2% | 2.8pp | -5.3pp |
| Net Margin | 21.8% | 16.1% | 19.9% | 5.6pp | 1.9pp |
| EPS (Diluted) | $0.77 | $0.58 | $0.79 | 32.5% | -1.9% |
| Free Cash Flow | $1.2B | $1.8B | $1.7B | -32.9% | -30.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.6B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $58M |
| SG&A Expenses | $58M |
| Other Expenses | $71M |
| Operating Expenses | $129M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $397M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $1.2B |
| EBIT | $2.2B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.6B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $58M |
| SG&A Expenses | $58M |
| Other Expenses | $71M |
| Operating Expenses | $129M |
| Cost & Expenses | $5.5B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $397M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $1.2B |
| EBIT | $2.2B |
| EBITDA | $3.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | -$34M |
| Deferred Income Tax | $113M |
| Other Non-Cash Items | -$283M |
| Change in Working Capital | -$497M |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$986M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $55M |
| NET CASH FROM INVESTING | -$931M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | -$542M |
| Common Dividends Paid | -$817M |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $527M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $1.8B |
| Other Current Assets | $309M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $49.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $426M |
| TOTAL NON-CURRENT ASSETS | $49.9B |
| TOTAL ASSETS | $54.9B |
| Account Payables | $842M |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.6B |
| Other Non-Current Liabilities | $6.1B |
| TOTAL NON-CURRENT LIABILITIES | $19.8B |
| TOTAL LIABILITIES | $25.7B |
| Common Stock | $8.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $20.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $146M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.2B |
| TOTAL LIABILITIES & EQUITY | $54.9B |
| Total Debt | $7.3B |
| Net Debt | $6.8B |
