| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.7B | -0.9% | -1.5% |
| Op. Income | -$335M | -$424M | $268M | 21.0% | -225.0% |
| Gross Margin | 23.1% | 16.9% | 58.6% | 6.2pp | -35.5pp |
| Net Margin | -17.0% | -19.4% | 12.4% | 2.4pp | -29.4pp |
| EPS (Diluted) | $-0.79 | $-1.14 | $0.82 | 30.7% | -196.3% |
| Free Cash Flow | -$1.0B | $774M | $1.1B | -230.7% | -195.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $381M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $602M |
| SG&A Expenses | $602M |
| Other Expenses | $114M |
| Operating Expenses | $716M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | -$335M |
| Interest Income | $1.5B |
| Interest Expense | $1.0B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$335M |
| Income Tax Expense | -$55M |
| Net Income from Continuing Ops | -$280M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$280M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$289M |
| D&A | $49M |
| EBIT | -$335M |
| EBITDA | -$286M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$280M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$76M |
| Other Non-Cash Items | $284M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | -$1.0B |
| Capital Expenditure | $27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$200M |
| Sales/Maturities of Investments | $564M |
| Other Investing Activities | $9.4B |
| NET CASH FROM INVESTING | $9.8B |
| Net Debt Issuance | -$8.7B |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $4.0B |
| NET CASH FROM FINANCING | -$4.7B |
| FREE CASH FLOW | -$1.0B |
| Net Change in Cash | $4.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23.1B |
| Short-Term Investments | $275M |
| Net Receivables | $2.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25.8B |
| PP&E (Net) | $649M |
| Goodwill | $0 |
| Intangible Assets | $519M |
| Long-Term Investments | $70.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $16.5B |
| TOTAL NON-CURRENT ASSETS | $88.6B |
| TOTAL ASSETS | $114.4B |
| Account Payables | $0 |
| Short-Term Debt | $60M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83.0B |
| TOTAL CURRENT LIABILITIES | $83.1B |
| Long-Term Debt | $20.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $22.7B |
| TOTAL LIABILITIES | $105.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $9.3B |
| Retained Earnings | -$562M |
| Treasury Stock | -$219M |
| Accum. Other Comp. Income | -$421M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $114.4B |
| Total Debt | $20.3B |
| Net Debt | -$2.7B |
