| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.0B | $5.8B | 0.1% | 2.5% |
| Op. Income | $363M | $428M | $465M | -15.2% | -22.0% |
| Gross Margin | 36.8% | 36.6% | 36.2% | 0.3pp | 0.6pp |
| Net Margin | 3.8% | 5.0% | 6.0% | -1.2pp | -2.2pp |
| EPS (Diluted) | $1.62 | $2.11 | $2.49 | -23.2% | -34.9% |
| Free Cash Flow | $358M | $150M | $481M | 138.6% | -25.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $113M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $363M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $298M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $106M |
| EBIT | $325M |
| EBITDA | $431M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $113M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $363M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $298M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $106M |
| EBIT | $325M |
| EBITDA | $431M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $227M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$68.0K |
| Change in Working Capital | $141M |
| OPERATING CASH FLOW | $484M |
| Capital Expenditure | -$126M |
| Acquisitions (Net) | -$374M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$483M |
| Net Debt Issuance | $678M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$139M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $507M |
| FREE CASH FLOW | $358M |
| Net Change in Cash | $523M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $5.5B |
| Other Current Assets | $565M |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $3.6B |
| Goodwill | $3.0B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $20.3B |
| Account Payables | $6.1B |
| Short-Term Debt | $811M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $483M |
| Other Non-Current Liabilities | $763M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $139M |
| Additional Paid-In Capital | $193M |
| Retained Earnings | $5.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$943M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $14M |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $20.3B |
| Total Debt | $6.0B |
| Net Debt | $4.9B |
