| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.5B | — | -1.4% | — |
| Op. Income | -$101M | $522M | — | -119.3% | — |
| Gross Margin | 34.2% | 35.4% | — | -1.2pp | — |
| Net Margin | -4.5% | 1.6% | — | -6.1pp | — |
| EPS (Diluted) | $-0.24 | $0.08 | — | -386.1% | — |
| Free Cash Flow | $849M | $553M | — | 53.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $6.4B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $819M |
| SG&A Expenses | $819M |
| Other Expenses | $1.5B |
| Operating Expenses | $2.3B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | -$101M |
| Interest Income | $16M |
| Interest Expense | $230M |
| Other Income/Expenses | -$182M |
| INCOME BEFORE TAX | -$283M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$290M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$290M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$290M |
| D&A | $245M |
| EBIT | -$53M |
| EBITDA | $192M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$290M |
| Depreciation & Amortization | $245M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$229M |
| Other Non-Cash Items | $1.5B |
| Change in Working Capital | -$117M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$234M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$217M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$483M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$481M |
| FREE CASH FLOW | $849M |
| Net Change in Cash | $386M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $3.9B |
| Other Current Assets | $640M |
| TOTAL CURRENT ASSETS | $8.2B |
| PP&E (Net) | $7.1B |
| Goodwill | $28.9B |
| Intangible Assets | $41.8B |
| Long-Term Investments | $98M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $80.4B |
| TOTAL ASSETS | $88.6B |
| Account Payables | $4.6B |
| Short-Term Debt | $708M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $19.4B |
| Deferred Revenue NC | $1.4B |
| Deferred Tax Liabilities | $10.0B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $32.4B |
| TOTAL LIABILITIES | $40.1B |
| Common Stock | $12M |
| Additional Paid-In Capital | $52.1B |
| Retained Earnings | $521M |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48.3B |
| Minority Interest | $141M |
| TOTAL EQUITY | $48.5B |
| TOTAL LIABILITIES & EQUITY | $88.6B |
| Total Debt | $20.1B |
| Net Debt | $18.8B |
