| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.3B | — | $9.6B | — | -3.5% |
| Op. Income | -$684M | — | -$230M | — | -197.4% |
| Gross Margin | 24.7% | — | 24.1% | — | 0.6pp |
| Net Margin | -8.6% | — | -3.2% | — | -5.3pp |
| EPS (Diluted) | $-2.29 | — | $-0.93 | — | -146.2% |
| Free Cash Flow | -$1.4B | — | -$806M | — | -67.9% |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $328M |
| General & Administrative | $0 |
| SG&A Expenses | $328M |
| Other Expenses | $2.6B |
| Operating Expenses | $3.0B |
| Cost & Expenses | $10.0B |
| OPERATING INCOME | -$684M |
| Interest Income | $111M |
| Interest Expense | $350M |
| Other Income/Expenses | -$213M |
| INCOME BEFORE TAX | -$897M |
| Income Tax Expense | -$102M |
| Net Income from Continuing Ops | -$795M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$795M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$795M |
| D&A | $583M |
| EBIT | -$93M |
| EBITDA | $490M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$795M |
| Depreciation & Amortization | $655M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | -$110M |
| Other Non-Cash Items | $432M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.5B |
| Sales/Maturities of Investments | $487M |
| Other Investing Activities | $460M |
| NET CASH FROM INVESTING | -$3.1B |
| Net Debt Issuance | $3.7B |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3.8B |
| FREE CASH FLOW | -$1.4B |
| Net Change in Cash | $831M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.7B |
| Net Receivables | $348M |
| Inventory | $158M |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $11.2B |
| Goodwill | $0 |
| Intangible Assets | $399M |
| Long-Term Investments | $336M |
| Tax Assets | $1.7B |
| Other Non-Current Assets | -$1.1B |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $619M |
| Short-Term Debt | $392M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $542M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $653M |
| Deferred Tax Liabilities | $633M |
| Other Non-Current Liabilities | $376M |
| TOTAL NON-CURRENT LIABILITIES | $10.3B |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $9.1B |
| Net Debt | $7.2B |
