| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $978M | $999M | $861M | -2.1% | 13.7% |
| Op. Income | $226M | $223M | $163M | 1.2% | 38.8% |
| Gross Margin | 41.0% | 40.4% | 33.6% | 0.6pp | 7.3pp |
| Net Margin | 14.8% | 15.2% | 11.6% | -0.4pp | 3.2pp |
| EPS (Diluted) | $0.33 | $0.34 | $0.23 | -2.9% | 43.5% |
| Free Cash Flow | $195M | $100M | $27M | 95.2% | 624.2% |
| Item | Amount |
|---|---|
| REVENUE | $978M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $401M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $8M |
| Operating Expenses | $175M |
| Cost & Expenses | $752M |
| OPERATING INCOME | $226M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $224M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $46M |
| EBIT | $234M |
| EBITDA | $280M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $978M |
| Cost of Revenue | $578M |
| GROSS PROFIT | $401M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $8M |
| Operating Expenses | $175M |
| Cost & Expenses | $752M |
| OPERATING INCOME | $226M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $224M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $46M |
| EBIT | $234M |
| EBITDA | $280M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $83M |
| OPERATING CASH FLOW | $290M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | $160M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $80M |
| FREE CASH FLOW | $195M |
| Net Change in Cash | $272M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $434M |
| Short-Term Investments | $0 |
| Net Receivables | $312M |
| Inventory | $321M |
| Other Current Assets | $277M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $2.0B |
| Goodwill | $198M |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $973M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $440M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $749M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $105M |
| Other Non-Current Liabilities | $875M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $226M |
| Additional Paid-In Capital | $250M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.2B |
| Net Debt | $786M |
