| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.5B | $6.4B | $7.1B | 1.0% | -8.6% |
| Op. Income | $763M | $344M | $438M | 121.7% | 74.5% |
| Gross Margin | 46.3% | 43.9% | 39.2% | 2.4pp | 7.1pp |
| Net Margin | 6.2% | -18.6% | -47.6% | 24.8pp | 53.7pp |
| EPS (Diluted) | $0.12 | $-0.36 | $-1.01 | 133.6% | 111.9% |
| Free Cash Flow | $1.4B | $919M | $90M | 55.7% | 1496.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $956M |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $763M |
| Interest Income | $76M |
| Interest Expense | $104M |
| Other Income/Expenses | -$212M |
| INCOME BEFORE TAX | $552M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $406M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $399M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $399M |
| D&A | $197M |
| EBIT | $652M |
| EBITDA | $849M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.5B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $956M |
| Other Expenses | $0 |
| Operating Expenses | $2.2B |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $763M |
| Interest Income | $76M |
| Interest Expense | $104M |
| Other Income/Expenses | -$212M |
| INCOME BEFORE TAX | $552M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $406M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $399M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $399M |
| D&A | $197M |
| EBIT | $652M |
| EBITDA | $849M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $399M |
| Depreciation & Amortization | $197M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $87M |
| Change in Working Capital | $804M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$570M |
| Sales/Maturities of Investments | $510M |
| Other Investing Activities | $115M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$410M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$437M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $7.0B |
| Inventory | $3.1B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.3B |
| PP&E (Net) | $1.8B |
| Goodwill | $5.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $2.6B |
| Tax Assets | $2.7B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14.0B |
| TOTAL ASSETS | $29.3B |
| Account Payables | $2.8B |
| Short-Term Debt | $563M |
| Deferred Revenue | $4.3B |
| Other Current Liabilities | $4.8B |
| TOTAL CURRENT LIABILITIES | $12.8B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $135M |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $20.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $9.3B |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | -$137M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $29.3B |
| Total Debt | $4.7B |
| Net Debt | $667M |
