| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.3B | $3.6B | -1.4% | -11.5% |
| Op. Income | $126M | $130M | $223M | -3.1% | -43.5% |
| Gross Margin | 47.5% | 26.7% | 49.2% | 20.8pp | -1.7pp |
| Net Margin | -4.6% | -1.5% | -2.1% | -3.1pp | -2.5pp |
| EPS (Diluted) | $-0.15 | $-0.05 | $-0.08 | -202.4% | -89.2% |
| Free Cash Flow | $1.2B | -$242M | $38M | 588.4% | 3010.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $696M |
| SG&A Expenses | $696M |
| Other Expenses | $707M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $126M |
| Interest Income | $18M |
| Interest Expense | $351M |
| Other Income/Expenses | -$298M |
| INCOME BEFORE TAX | -$172M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | -$148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$148M |
| D&A | $707M |
| EBIT | $179M |
| EBITDA | $886M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$148M |
| Depreciation & Amortization | $707M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$175M |
| Change in Working Capital | $1.6B |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$850M |
| Acquisitions (Net) | $20M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | -$805M |
| Net Debt Issuance | -$72M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $173M |
| Other Current Assets | $312M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $20.3B |
| Goodwill | $2.0B |
| Intangible Assets | $5.0B |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $29.3B |
| TOTAL ASSETS | $34.0B |
| Account Payables | $905M |
| Short-Term Debt | $378M |
| Deferred Revenue | $808M |
| Other Current Liabilities | $415M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $3.5B |
| Deferred Tax Liabilities | $3.1B |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $29.7B |
| TOTAL LIABILITIES | $33.6B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $18.1B |
| Retained Earnings | -$18.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$766M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $342M |
| Minority Interest | $0 |
| TOTAL EQUITY | $342M |
| TOTAL LIABILITIES & EQUITY | $34.0B |
| Total Debt | $18.8B |
| Net Debt | $16.2B |
