| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.9B | $8.2B | $8.3B | 8.6% | 8.0% |
| Op. Income | -$359M | $527M | -$307M | -168.1% | -16.9% |
| Gross Margin | 12.4% | 20.7% | 12.7% | -8.3pp | -0.3pp |
| Net Margin | -1.1% | 15.8% | -2.1% | -16.8pp | 1.0pp |
| EPS (Diluted) | $-0.35 | $4.65 | $-0.62 | -107.5% | 43.5% |
| Free Cash Flow | $968M | $822M | $52M | 17.8% | 1761.5% |
| Item | Amount |
|---|---|
| REVENUE | $8.9B |
| Cost of Revenue | $7.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $243M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | -$1M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $9.3B |
| OPERATING INCOME | -$359M |
| Interest Income | $57M |
| Interest Expense | $0 |
| Other Income/Expenses | $237M |
| INCOME BEFORE TAX | -$122M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $398M |
| EBIT | -$360M |
| EBITDA | $38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$96M |
| Depreciation & Amortization | $398M |
| Stock-Based Compensation | -$54M |
| Deferred Income Tax | -$149M |
| Other Non-Cash Items | $410M |
| Change in Working Capital | $615M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$159M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $47M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $585M |
| NET CASH FROM FINANCING | $585M |
| FREE CASH FLOW | $968M |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.4B |
| Short-Term Investments | $0 |
| Net Receivables | $15.8B |
| Inventory | $8.3B |
| Other Current Assets | $551M |
| TOTAL CURRENT ASSETS | $32.0B |
| PP&E (Net) | $5.1B |
| Goodwill | $4.4B |
| Intangible Assets | $869M |
| Long-Term Investments | $3.4B |
| Tax Assets | $1.5B |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $18.8B |
| TOTAL ASSETS | $50.9B |
| Account Payables | $5.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $16.9B |
| Other Current Liabilities | $8.9B |
| TOTAL CURRENT LIABILITIES | $31.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $823M |
| Other Non-Current Liabilities | $8.3B |
| TOTAL NON-CURRENT LIABILITIES | $9.1B |
| TOTAL LIABILITIES | $40.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $9.4B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.5B |
| Minority Interest | $1.0B |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $50.9B |
| Total Debt | $0 |
| Net Debt | -$7.4B |
