| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.8B | $8.5B | -0.0% | -20.2% |
| Op. Income | $261M | $1.1B | $375M | -76.9% | -30.4% |
| Gross Margin | 9.0% | 9.3% | 8.2% | -0.3pp | 0.8pp |
| Net Margin | 1.9% | 13.7% | 2.7% | -11.8pp | -0.8pp |
| EPS (Diluted) | $1.06 | $7.31 | $1.72 | -85.5% | -38.4% |
| Free Cash Flow | $409M | -$48M | $245M | 952.1% | 66.9% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $608M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | $70M |
| Operating Expenses | $347M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $261M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $201M |
| EBIT | $239M |
| EBITDA | $440M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $6.2B |
| GROSS PROFIT | $608M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | $70M |
| Operating Expenses | $347M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $261M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $201M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | $129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $129M |
| D&A | $201M |
| EBIT | $239M |
| EBITDA | $440M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $129M |
| Depreciation & Amortization | $201M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $185M |
| OPERATING CASH FLOW | $515M |
| Capital Expenditure | -$106M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$499M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$534M |
| FREE CASH FLOW | $409M |
| Net Change in Cash | -$109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $0 |
| Net Receivables | $4.5B |
| Inventory | $4.4B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $12.9B |
| PP&E (Net) | $3.3B |
| Goodwill | $655M |
| Intangible Assets | $155M |
| Long-Term Investments | $0 |
| Tax Assets | $129M |
| Other Non-Current Assets | $288M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $17.4B |
| Account Payables | $5.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $977M |
| Other Current Liabilities | $635M |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $143M |
| Other Non-Current Liabilities | $443M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $15.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $5.6B |
| Treasury Stock | -$6.2B |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $17.4B |
| Total Debt | $3.3B |
| Net Debt | $803M |
