| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | — | -12.8% | — |
| Op. Income | -$144M | $152M | — | -195.3% | — |
| Gross Margin | 54.6% | 64.5% | — | -10.0pp | — |
| Net Margin | -7.4% | 7.2% | — | -14.6pp | — |
| EPS (Diluted) | $-1.00 | $1.11 | — | -190.1% | — |
| Free Cash Flow | $185M | $210M | — | -11.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $639M |
| GROSS PROFIT | $768M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $524M |
| SG&A Expenses | $524M |
| Other Expenses | $388M |
| Operating Expenses | $912M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$144M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$144M |
| Income Tax Expense | -$41M |
| Net Income from Continuing Ops | -$103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$104M |
| D&A | $53M |
| EBIT | -$108M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$104M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $285M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $237M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $200.0K |
| Purchases of Investments | -$4.7B |
| Sales/Maturities of Investments | $4.7B |
| Other Investing Activities | -$246M |
| NET CASH FROM INVESTING | -$299M |
| Net Debt Issuance | $679M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $354M |
| NET CASH FROM FINANCING | $961M |
| FREE CASH FLOW | $185M |
| Net Change in Cash | $905M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $0 |
| Net Receivables | $445M |
| Inventory | $0 |
| Other Current Assets | -$110M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $1.0B |
| Goodwill | $1.8B |
| Intangible Assets | $803M |
| Long-Term Investments | $7.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $16.6B |
| Account Payables | $897M |
| Short-Term Debt | $878M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.2B |
| TOTAL CURRENT LIABILITIES | $8.1B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $210M |
| Deferred Tax Liabilities | $64M |
| Other Non-Current Liabilities | $9.1B |
| TOTAL NON-CURRENT LIABILITIES | $11.5B |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$291M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $18M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $16.6B |
| Total Debt | $3.0B |
| Net Debt | -$41M |
