| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $894M | $1.1B | 20.9% | 0.4% |
| Op. Income | $313M | $130M | $322M | 140.8% | -2.8% |
| Gross Margin | 49.7% | 38.8% | 48.3% | 10.9pp | 1.4pp |
| Net Margin | 27.3% | 9.7% | 24.0% | 17.6pp | 3.2pp |
| EPS (Diluted) | $1.15 | $0.34 | $1.02 | 238.2% | 12.7% |
| Free Cash Flow | -$123M | -$195M | -$162M | 36.9% | 24.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $544M |
| GROSS PROFIT | $537M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $224M |
| Operating Expenses | $224M |
| Cost & Expenses | $768M |
| OPERATING INCOME | $313M |
| Interest Income | $0 |
| Interest Expense | $114M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | -$62M |
| Net Income from Continuing Ops | $295M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $295M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $295M |
| D&A | $195M |
| EBIT | $347M |
| EBITDA | $542M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $544M |
| GROSS PROFIT | $537M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $224M |
| Operating Expenses | $224M |
| Cost & Expenses | $768M |
| OPERATING INCOME | $313M |
| Interest Income | $0 |
| Interest Expense | $114M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | $233M |
| Income Tax Expense | -$62M |
| Net Income from Continuing Ops | $295M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $295M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $295M |
| D&A | $195M |
| EBIT | $347M |
| EBITDA | $542M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $295M |
| Depreciation & Amortization | $195M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $80M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$214M |
| OPERATING CASH FLOW | $351M |
| Capital Expenditure | -$474M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $67M |
| NET CASH FROM INVESTING | -$407M |
| Net Debt Issuance | $922M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$123M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $793M |
| FREE CASH FLOW | -$123M |
| Net Change in Cash | $735M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $827M |
| Short-Term Investments | $0 |
| Net Receivables | $463M |
| Inventory | $320M |
| Other Current Assets | $358M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $17.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $633M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $20.9B |
| TOTAL ASSETS | $22.8B |
| Account Payables | $473M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $381M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $9.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $13.6B |
| TOTAL LIABILITIES | $15.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $22.8B |
| Total Debt | $10.7B |
| Net Debt | $9.9B |
