| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $369M | $499M | — | -26.2% | — |
| Op. Income | $72M | $167M | — | -56.8% | — |
| Gross Margin | 22.4% | 36.1% | — | -13.7pp | — |
| Net Margin | 23.2% | 25.7% | — | -2.5pp | — |
| EPS (Diluted) | $0.56 | $0.83 | — | -32.5% | — |
| Free Cash Flow | $111M | $29M | — | 275.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $83M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $297M |
| OPERATING INCOME | $72M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | -$468.0K |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | -$4.0K |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $26M |
| EBIT | $90M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $369M |
| Cost of Revenue | $286M |
| GROSS PROFIT | $83M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $297M |
| OPERATING INCOME | $72M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $85M |
| Income Tax Expense | -$468.0K |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | -$4.0K |
| Other Adjustments | $0 |
| NET INCOME | $85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $85M |
| D&A | $26M |
| EBIT | $90M |
| EBITDA | $115M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $119M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $29.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$75M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.0K |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | $111M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $6M |
| Net Receivables | $94M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $261M |
| PP&E (Net) | $811M |
| Goodwill | $579M |
| Intangible Assets | $151M |
| Long-Term Investments | -$1.6B |
| Tax Assets | $63M |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $44M |
| Short-Term Debt | $23M |
| Deferred Revenue | $87M |
| Other Current Liabilities | $127M |
| TOTAL CURRENT LIABILITIES | $412M |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $618M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $603.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $199M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$433M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $898M |
| Minority Interest | -$943.0K |
| TOTAL EQUITY | $897M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $500M |
| Net Debt | $366M |
