| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.6B | $4.2B | -8.6% | -0.7% |
| Op. Income | -$703M | $1.1B | $1.0B | -164.1% | -168.0% |
| Gross Margin | 3.0% | 10.6% | -6.8% | -7.6pp | 9.8pp |
| Net Margin | -12.6% | 19.5% | 20.2% | -32.1pp | -32.8pp |
| EPS (Diluted) | $-3.29 | $5.11 | $4.79 | -164.4% | -168.7% |
| Free Cash Flow | -$27M | -$859M | $46M | 96.9% | -158.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $830M |
| Operating Expenses | $830M |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | -$703M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$703M |
| Income Tax Expense | -$175M |
| Net Income from Continuing Ops | -$528M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$528M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$562M |
| D&A | $0 |
| EBIT | -$617M |
| EBITDA | -$617M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$528M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | -$532M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $3.0B |
| Other Investing Activities | -$792M |
| NET CASH FROM INVESTING | -$702M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$77M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $538M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.0B |
| Short-Term Investments | $21.7B |
| Net Receivables | $29.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $56.9B |
| PP&E (Net) | $0 |
| Goodwill | $1.1B |
| Intangible Assets | $0 |
| Long-Term Investments | -$12.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $350.9B |
| TOTAL NON-CURRENT ASSETS | $339.9B |
| TOTAL ASSETS | $396.8B |
| Account Payables | $0 |
| Short-Term Debt | $300M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $17.9B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $6.5B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $357.7B |
| TOTAL NON-CURRENT LIABILITIES | $369.9B |
| TOTAL LIABILITIES | $387.8B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.0B |
| TOTAL LIABILITIES & EQUITY | $396.8B |
| Total Debt | $6.0B |
| Net Debt | -$29M |
