| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $3.0B | $2.8B | -7.7% | -2.4% |
| Op. Income | $82M | $189M | $172M | -56.6% | -52.3% |
| Gross Margin | 11.7% | 14.5% | 14.8% | -2.8pp | -3.1pp |
| Net Margin | 3.7% | 5.8% | 5.3% | -2.1pp | -1.6pp |
| EPS (Diluted) | $2.56 | $4.38 | $3.70 | -41.6% | -30.8% |
| Free Cash Flow | $378M | -$99M | $282M | 481.8% | 34.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $322M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $252M |
| SG&A Expenses | $252M |
| Other Expenses | -$12M |
| Operating Expenses | $240M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $82M |
| EBIT | $135M |
| EBITDA | $217M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $322M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $252M |
| SG&A Expenses | $252M |
| Other Expenses | -$12M |
| Operating Expenses | $240M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $101M |
| D&A | $82M |
| EBIT | $135M |
| EBITDA | $217M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $101M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $213M |
| Capital Expenditure | $165M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$138M |
| FREE CASH FLOW | $378M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $205M |
| Other Current Assets | $91M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $3.6B |
| Goodwill | $2.6B |
| Intangible Assets | $809M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $8.5B |
| TOTAL ASSETS | $11.1B |
| Account Payables | $579M |
| Short-Term Debt | $898M |
| Deferred Revenue | $743M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $316M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $5.0B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$412M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $2.8B |
| Net Debt | $2.8B |
