| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38.0B | $42.6B | $36.2B | -10.6% | 5.1% |
| Op. Income | $1.8B | $1.5B | $1.4B | 14.7% | 29.5% |
| Gross Margin | 11.0% | 15.8% | 15.6% | -4.7pp | -4.6pp |
| Net Margin | 4.5% | 4.3% | 3.2% | 0.2pp | 1.3pp |
| EPS (Diluted) | $1.13 | $1.20 | $0.73 | -5.6% | 54.8% |
| Free Cash Flow | -$1.7B | $6.9B | $1.5B | -124.4% | -215.6% |
| Item | Amount |
|---|---|
| REVENUE | $38.0B |
| Cost of Revenue | $33.8B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $642M |
| Selling & Marketing | $1.5B |
| General & Administrative | $340M |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $36.3B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | $467M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $352M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $292M |
| EBIT | $625M |
| EBITDA | $917M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $38.0B |
| Cost of Revenue | $33.8B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $642M |
| Selling & Marketing | $1.5B |
| General & Administrative | $340M |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $36.3B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | $467M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $352M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $292M |
| EBIT | $625M |
| EBITDA | $917M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $292M |
| Stock-Based Compensation | $114M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3.0B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$909M |
| Capital Expenditure | -$783M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4.0B |
| NET CASH FROM INVESTING | $3.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$264M |
| NET CASH FROM FINANCING | -$264M |
| FREE CASH FLOW | -$1.7B |
| Net Change in Cash | $1.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.5B |
| Short-Term Investments | $13.4B |
| Net Receivables | $3.3B |
| Inventory | $10.6B |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $45.5B |
| PP&E (Net) | $16.6B |
| Goodwill | $3.2B |
| Intangible Assets | $6.5B |
| Long-Term Investments | $20.8B |
| Tax Assets | $242M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $48.6B |
| TOTAL ASSETS | $94.0B |
| Account Payables | $23.7B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $5.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $38.8B |
| Long-Term Debt | $7.9B |
| Deferred Revenue NC | $83M |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $11.9B |
| TOTAL LIABILITIES | $50.7B |
| Common Stock | $33.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.4B |
| Minority Interest | $10.0B |
| TOTAL EQUITY | $43.4B |
| TOTAL LIABILITIES & EQUITY | $94.0B |
| Total Debt | $12.9B |
| Net Debt | -$1.6B |
