| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.7B | $16.7B | $15.5B | -5.9% | 1.2% |
| Op. Income | $1.4B | $2.3B | $2.0B | -38.4% | -29.6% |
| Gross Margin | 26.4% | 30.7% | 27.0% | -4.3pp | -0.6pp |
| Net Margin | 8.1% | 7.8% | 7.2% | 0.3pp | 1.0pp |
| EPS (Diluted) | $1.97 | $2.01 | $1.72 | -2.0% | 14.5% |
| Free Cash Flow | -$54M | $1.1B | -$193M | -104.7% | 72.0% |
| Item | Amount |
|---|---|
| REVENUE | $15.7B |
| Cost of Revenue | $11.5B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $643M |
| General & Administrative | $320M |
| SG&A Expenses | $963M |
| Other Expenses | $1.8B |
| Operating Expenses | $2.8B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $173M |
| Other Income/Expenses | $164M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $289M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $643M |
| EBIT | $1.7B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $15.7B |
| Cost of Revenue | $11.5B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $643M |
| General & Administrative | $320M |
| SG&A Expenses | $963M |
| Other Expenses | $1.8B |
| Operating Expenses | $2.8B |
| Cost & Expenses | $14.3B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $173M |
| Other Income/Expenses | $164M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $289M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $643M |
| EBIT | $1.7B |
| EBITDA | $2.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $643M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$641M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $117M |
| Other Investing Activities | $87M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$262M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$371M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | -$158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $8M |
| Net Receivables | $3.5B |
| Inventory | $1.5B |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $11.1B |
| PP&E (Net) | $43.5B |
| Goodwill | $9.8B |
| Intangible Assets | $6.0B |
| Long-Term Investments | $3.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $64.3B |
| TOTAL ASSETS | $75.4B |
| Account Payables | $4.5B |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $4.1B |
| Other Current Liabilities | $9.4B |
| TOTAL CURRENT LIABILITIES | $28.1B |
| Long-Term Debt | $14.4B |
| Deferred Revenue NC | $4.6B |
| Deferred Tax Liabilities | $1.7B |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $33.6B |
| TOTAL LIABILITIES | $61.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.7B |
| Retained Earnings | $7.9B |
| Treasury Stock | -$289M |
| Accum. Other Comp. Income | -$5.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $75.4B |
| Total Debt | $24.4B |
| Net Debt | $20.4B |
