| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $824M | $487M | $790M | 69.2% | 4.3% |
| Op. Income | -$35M | -$23M | $76M | -54.7% | -145.8% |
| Gross Margin | 23.7% | 40.9% | 35.4% | -17.1pp | -11.6pp |
| Net Margin | -13.8% | -8.9% | 1.9% | -4.8pp | -15.7pp |
| EPS (Diluted) | $-0.39 | $-0.16 | $0.05 | -143.8% | -840.0% |
| Free Cash Flow | -$87M | -$122M | $234M | 28.8% | -137.1% |
| Item | Amount |
|---|---|
| REVENUE | $824M |
| Cost of Revenue | $628M |
| GROSS PROFIT | $196M |
| R&D Expenses | $0 |
| Selling & Marketing | $134M |
| General & Administrative | $85M |
| SG&A Expenses | $219M |
| Other Expenses | $11M |
| Operating Expenses | $230M |
| Cost & Expenses | $859M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $63M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$113M |
| D&A | $590M |
| EBIT | -$55M |
| EBITDA | $535M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$114M |
| Depreciation & Amortization | $511M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$516M |
| OPERATING CASH FLOW | -$82M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $167M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $211M |
| Short-Term Investments | $12M |
| Net Receivables | $879M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $343M |
| Goodwill | $807M |
| Intangible Assets | $23M |
| Long-Term Investments | $78M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $257M |
| Short-Term Debt | $443M |
| Deferred Revenue | $367M |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $173M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $873M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $290M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $89M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $135M |
| TOTAL EQUITY | -$939M |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
