| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.1B | -1.6% | 0.1% |
| Op. Income | -$205M | $238M | $173M | -186.1% | -218.5% |
| Gross Margin | 40.8% | 42.3% | 40.8% | -1.5pp | 0.0pp |
| Net Margin | -12.7% | -0.4% | -2.9% | -12.2pp | -9.7pp |
| EPS (Diluted) | $-2.95 | $-0.10 | $-0.70 | -2904.1% | -321.4% |
| Free Cash Flow | -$3M | $13M | -$101M | -123.1% | 97.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $1.4B |
| Operating Expenses | $1.5B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | -$205M |
| Interest Income | $0 |
| Interest Expense | $216M |
| Other Income/Expenses | -$214M |
| INCOME BEFORE TAX | -$419M |
| Income Tax Expense | -$64M |
| Net Income from Continuing Ops | -$355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$391M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$391M |
| D&A | $116M |
| EBIT | $62M |
| EBITDA | $178M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$391M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$112M |
| Other Non-Cash Items | $356M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | $174M |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $74M |
| Net Debt Issuance | -$110M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$147M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $311M |
| Other Current Assets | $256M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $5.6B |
| Goodwill | $3.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $29M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $13.9B |
| Account Payables | $842M |
| Short-Term Debt | $133M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $691M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $11.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $239M |
| Other Non-Current Liabilities | $815M |
| TOTAL NON-CURRENT LIABILITIES | $13.0B |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.8B |
| Minority Interest | $553M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $13.9B |
| Total Debt | $12.1B |
| Net Debt | $12.1B |
