| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | — | $1.9B | — | -1.3% |
| Op. Income | -$701M | — | $303M | — | -331.4% |
| Gross Margin | 24.5% | — | 28.3% | — | -3.8pp |
| Net Margin | -39.9% | — | 14.9% | — | -54.8pp |
| EPS (Diluted) | $-1.32 | — | $0.50 | — | -364.0% |
| Free Cash Flow | $322M | — | $456M | — | -29.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $449M |
| R&D Expenses | $121M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $936M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$701M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$687M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | -$729M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$730M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$730M |
| D&A | $359M |
| EBIT | $235M |
| EBITDA | $594M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$729M |
| Depreciation & Amortization | $378M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $850M |
| Change in Working Capital | -$91M |
| OPERATING CASH FLOW | $457M |
| Capital Expenditure | -$135M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $363M |
| Other Investing Activities | $128M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | -$452M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$452M |
| FREE CASH FLOW | $322M |
| Net Change in Cash | -$94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $1.2B |
| Net Receivables | $1.4B |
| Inventory | $1.6B |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $8.3B |
| Goodwill | $75M |
| Intangible Assets | $585M |
| Long-Term Investments | $1.0B |
| Tax Assets | $188M |
| Other Non-Current Assets | $227M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $406M |
| Short-Term Debt | $753M |
| Deferred Revenue | $968M |
| Other Current Liabilities | $305M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $979M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $475M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $11M |
| Additional Paid-In Capital | $24.0B |
| Retained Earnings | -$13.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.8B |
| Minority Interest | $48M |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $2.3B |
| Net Debt | $128M |
