| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40.2B | $43.2B | $37.7B | -6.9% | 6.6% |
| Op. Income | $5.4B | $6.5B | $5.4B | -17.1% | 0.2% |
| Gross Margin | 33.4% | 33.4% | 33.8% | -0.0pp | -0.4pp |
| Net Margin | 9.1% | 10.6% | 10.1% | -1.5pp | -1.0pp |
| EPS (Diluted) | $3.67 | $4.60 | $3.81 | -20.2% | -3.7% |
| Free Cash Flow | $3.4B | $4.7B | $3.6B | -27.2% | -4.2% |
| Item | Amount |
|---|---|
| REVENUE | $40.2B |
| Cost of Revenue | $26.8B |
| GROSS PROFIT | $13.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.2B |
| Other Expenses | $795M |
| Operating Expenses | $8.0B |
| Cost & Expenses | $34.8B |
| OPERATING INCOME | $5.4B |
| Interest Income | $30M |
| Interest Expense | $625M |
| Other Income/Expenses | -$595M |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $995M |
| EBIT | $5.4B |
| EBITDA | $6.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $40.2B |
| Cost of Revenue | $26.8B |
| GROSS PROFIT | $13.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.2B |
| Other Expenses | $795M |
| Operating Expenses | $8.0B |
| Cost & Expenses | $34.8B |
| OPERATING INCOME | $5.4B |
| Interest Income | $30M |
| Interest Expense | $625M |
| Other Income/Expenses | -$595M |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $995M |
| EBIT | $5.4B |
| EBITDA | $6.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.6B |
| Depreciation & Amortization | $995M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$572M |
| OPERATING CASH FLOW | $4.2B |
| Capital Expenditure | -$818M |
| Acquisitions (Net) | -$43M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $47M |
| NET CASH FROM INVESTING | -$814M |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.2B |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$3.5B |
| FREE CASH FLOW | $3.4B |
| Net Change in Cash | -$82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $5.8B |
| Inventory | $23.9B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $32.9B |
| PP&E (Net) | $35.1B |
| Goodwill | $19.4B |
| Intangible Assets | $9.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $681M |
| TOTAL NON-CURRENT ASSETS | $64.3B |
| TOTAL ASSETS | $97.3B |
| Account Payables | $13.5B |
| Short-Term Debt | $4.5B |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $29.1B |
| Long-Term Debt | $50.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $62.4B |
| TOTAL LIABILITIES | $91.5B |
| Common Stock | $90M |
| Additional Paid-In Capital | $13.8B |
| Retained Earnings | $88.8B |
| Treasury Stock | -$96.0B |
| Accum. Other Comp. Income | -$939M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $97.3B |
| Total Debt | $63.4B |
| Net Debt | $61.8B |
