| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.5B | $2.2B | -3.5% | 6.3% |
| Op. Income | $273M | $328M | $273M | -16.8% | 0.0% |
| Gross Margin | 30.9% | 31.6% | 30.0% | -0.7pp | 0.9pp |
| Net Margin | 5.6% | 8.3% | 7.2% | -2.7pp | -1.6pp |
| EPS (Diluted) | $0.44 | $0.68 | $0.53 | -35.3% | -17.0% |
| Free Cash Flow | $100M | $390M | $84M | -74.4% | 19.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $732M |
| R&D Expenses | $27M |
| Selling & Marketing | $206M |
| General & Administrative | $208M |
| SG&A Expenses | $414M |
| Other Expenses | $18M |
| Operating Expenses | $459M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $273M |
| Interest Income | $4M |
| Interest Expense | $70M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $133M |
| D&A | $106M |
| EBIT | $252M |
| EBITDA | $358M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $732M |
| R&D Expenses | $27M |
| Selling & Marketing | $206M |
| General & Administrative | $208M |
| SG&A Expenses | $414M |
| Other Expenses | $18M |
| Operating Expenses | $459M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $273M |
| Interest Income | $4M |
| Interest Expense | $70M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $133M |
| D&A | $106M |
| EBIT | $252M |
| EBITDA | $358M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $133M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | $213M |
| Capital Expenditure | -$113M |
| Acquisitions (Net) | -$2.6B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$2.7B |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$110M |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | $2.5B |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $648M |
| Inventory | $1.3B |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $5.1B |
| Intangible Assets | $4.9B |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $535M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $15.2B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $628M |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $12M |
| Additional Paid-In Capital | $421M |
| Retained Earnings | $4.7B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $15.2B |
| Total Debt | $7.2B |
| Net Debt | $7.1B |
