| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $2.3B | -3.7% | -2.1% |
| Op. Income | $16M | -$38M | -$67M | 142.1% | 123.9% |
| Gross Margin | 26.1% | 25.2% | 23.6% | 0.8pp | 2.5pp |
| Net Margin | -1.9% | -2.5% | -4.4% | 0.6pp | 2.5pp |
| EPS (Diluted) | $-0.13 | $-0.17 | $-0.30 | 23.5% | 56.7% |
| Free Cash Flow | -$434M | -$314M | -$519M | -38.2% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $83M |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $495M |
| Operating Expenses | $578M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $16M |
| Interest Income | $45M |
| Interest Expense | $147M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | -$83M |
| Income Tax Expense | -$39M |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $96M |
| EBIT | $17M |
| EBITDA | $113M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $168M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$126M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$417M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$720M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | -$330M |
| NET CASH FROM INVESTING | -$915M |
| Net Debt Issuance | $251M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $279M |
| FREE CASH FLOW | -$434M |
| Net Change in Cash | -$653M |
| 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 | $0 |
| Other Non-Current Assets | $642M |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $619M |
| Short-Term Debt | $392M |
| Deferred Revenue | $1.6B |
| Other Current Liabilities | $0 |
| 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 |
