| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.4B | $11.3B | $10.7B | -7.7% | -2.3% |
| Op. Income | $756M | $1.1B | $0 | -31.1% | — |
| Gross Margin | 20.6% | 23.3% | 31.5% | -2.7pp | -10.9pp |
| Net Margin | 5.8% | 6.5% | 12.8% | -0.7pp | -7.0pp |
| EPS (Diluted) | $0.31 | $0.39 | $0.71 | -20.8% | -56.7% |
| Free Cash Flow | $824M | $1.2B | $1.3B | -31.7% | -34.2% |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $8.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $126M |
| SG&A Expenses | $126M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $756M |
| Interest Income | $37M |
| Interest Expense | $117M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $748M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $599M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $599M |
| Net Income Deductions | $23M |
| BOTTOM LINE NET INCOME | $570M |
| D&A | $890M |
| EBIT | $865M |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $8.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $126M |
| SG&A Expenses | $126M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $756M |
| Interest Income | $37M |
| Interest Expense | $117M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $748M |
| Income Tax Expense | $149M |
| Net Income from Continuing Ops | $599M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $599M |
| Net Income Deductions | $23M |
| BOTTOM LINE NET INCOME | $570M |
| D&A | $890M |
| EBIT | $865M |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $599M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$10M |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | $822M |
| Change in Working Capital | $430M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$984M |
| Acquisitions (Net) | $13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$956M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | -$535M |
| Common Dividends Paid | -$240M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$859M |
| FREE CASH FLOW | $824M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $29.0B |
| Goodwill | $2.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $300M |
| Tax Assets | $536M |
| Other Non-Current Assets | $514M |
| TOTAL NON-CURRENT ASSETS | $32.5B |
| TOTAL ASSETS | $40.0B |
| Account Payables | $4.1B |
| Short-Term Debt | $205M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $5.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.0B |
| Other Non-Current Liabilities | $3.8B |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $18.3B |
| Common Stock | $11.5B |
| Additional Paid-In Capital | $801M |
| Retained Earnings | $7.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $21.6B |
| Minority Interest | $10M |
| TOTAL EQUITY | $21.6B |
| TOTAL LIABILITIES & EQUITY | $40.0B |
| Total Debt | $7.3B |
| Net Debt | $5.0B |
