| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $855M | $819M | $868M | 4.3% | -1.5% |
| Op. Income | $174M | $160M | $205M | 8.9% | -15.3% |
| Gross Margin | 30.1% | 30.0% | 33.2% | 0.1pp | -3.1pp |
| Net Margin | 17.1% | 14.7% | 21.6% | 2.4pp | -4.5pp |
| EPS (Diluted) | $3.50 | $2.88 | $4.72 | 21.5% | -25.8% |
| Free Cash Flow | $189M | $270M | $344M | -30.1% | -45.2% |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $597M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $681M |
| OPERATING INCOME | $174M |
| Interest Income | $16M |
| Interest Expense | $24M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $83M |
| EBIT | $193M |
| EBITDA | $276M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $855M |
| Cost of Revenue | $597M |
| GROSS PROFIT | $257M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $681M |
| OPERATING INCOME | $174M |
| Interest Income | $16M |
| Interest Expense | $24M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $83M |
| EBIT | $193M |
| EBITDA | $276M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | -$163M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $205M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $189M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$64M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $189M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $759M |
| Net Receivables | $204M |
| Inventory | $124M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $94M |
| Long-Term Investments | $220M |
| Tax Assets | $23M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $177M |
| Short-Term Debt | $205M |
| Deferred Revenue | $776M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | -$999 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $224M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $31M |
| Additional Paid-In Capital | $213M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$255M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $1.9B |
| Net Debt | $1.6B |
