| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.2B | $25.4B | $26.1B | -4.9% | -7.4% |
| Op. Income | $1.6B | $1.8B | $3.7B | -14.0% | -56.5% |
| Gross Margin | 9.6% | 12.4% | 16.2% | -2.8pp | -6.6pp |
| Net Margin | 2.5% | 3.0% | 8.6% | -0.5pp | -6.1pp |
| EPS (Diluted) | $0.37 | $0.44 | $1.36 | -15.8% | -72.4% |
| Free Cash Flow | $1.2B | $3.0B | $1.9B | -61.0% | -39.6% |
| Item | Amount |
|---|---|
| REVENUE | $24.2B |
| Cost of Revenue | $21.8B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $956M |
| SG&A Expenses | $956M |
| Other Expenses | -$228M |
| Operating Expenses | $728M |
| Cost & Expenses | $22.6B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $465M |
| Other Income/Expenses | $337M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $636M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $610M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $610M |
| D&A | $2.2B |
| EBIT | $4.3B |
| EBITDA | $6.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24.2B |
| Cost of Revenue | $21.8B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $956M |
| SG&A Expenses | $956M |
| Other Expenses | -$228M |
| Operating Expenses | $728M |
| Cost & Expenses | $22.6B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $465M |
| Other Income/Expenses | $337M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $636M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $610M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $610M |
| D&A | $2.2B |
| EBIT | $4.3B |
| EBITDA | $6.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $610M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.3B |
| Other Non-Cash Items | $85M |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$2.3B |
| Acquisitions (Net) | $1.2B |
| Purchases of Investments | -$141M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | -$780M |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$907M |
| Common Stock Repurchased | -$666M |
| Common Dividends Paid | -$911M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$997M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.0B |
| Short-Term Investments | $8.8B |
| Net Receivables | $16.7B |
| Inventory | $7.7B |
| Other Current Assets | $8.0B |
| TOTAL CURRENT ASSETS | $48.6B |
| PP&E (Net) | $72.2B |
| Goodwill | $0 |
| Intangible Assets | $7.5B |
| Long-Term Investments | $19.4B |
| Tax Assets | $5.2B |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $110.8B |
| TOTAL ASSETS | $162.9B |
| Account Payables | $20.4B |
| Short-Term Debt | $9.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.7B |
| TOTAL CURRENT LIABILITIES | $40.0B |
| Long-Term Debt | $25.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.1B |
| Other Non-Current Liabilities | $23.9B |
| TOTAL NON-CURRENT LIABILITIES | $60.4B |
| TOTAL LIABILITIES | $100.4B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $42.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14.7B |
| Other Equity | -$2.4B |
| TOTAL STOCKHOLDERS' EQUITY | $59.7B |
| Minority Interest | $2.9B |
| TOTAL EQUITY | $62.5B |
| TOTAL LIABILITIES & EQUITY | $162.9B |
| Total Debt | $41.3B |
| Net Debt | $30.4B |
