| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.6B | $8.7B | $10.6B | -0.9% | -19.0% |
| Op. Income | $865M | $999M | $1.0B | -13.4% | -14.7% |
| Gross Margin | 15.1% | 16.5% | 13.6% | -1.4pp | 1.5pp |
| Net Margin | 6.6% | 10.6% | 7.0% | -4.0pp | -0.4pp |
| EPS (Diluted) | $1.75 | $2.82 | $2.29 | -37.9% | -23.6% |
| Free Cash Flow | $302M | $864M | $1.3B | -65.0% | -76.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $400M |
| Other Expenses | $5M |
| Operating Expenses | $436M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $865M |
| Interest Income | $36M |
| Interest Expense | $118M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $777M |
| Income Tax Expense | $151M |
| Net Income from Continuing Ops | $626M |
| Net Income from Discontinued Ops | -$53M |
| Other Adjustments | $0 |
| NET INCOME | $570M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $574M |
| D&A | $381M |
| EBIT | $895M |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.6B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $400M |
| Other Expenses | $5M |
| Operating Expenses | $436M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $865M |
| Interest Income | $36M |
| Interest Expense | $118M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $777M |
| Income Tax Expense | $151M |
| Net Income from Continuing Ops | $626M |
| Net Income from Discontinued Ops | -$53M |
| Other Adjustments | $0 |
| NET INCOME | $570M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $574M |
| D&A | $381M |
| EBIT | $895M |
| EBITDA | $1.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $571M |
| Depreciation & Amortization | $381M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$363M |
| OPERATING CASH FLOW | $670M |
| Capital Expenditure | -$368M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$115M |
| NET CASH FROM INVESTING | -$483M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | -$437M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$484M |
| FREE CASH FLOW | $302M |
| Net Change in Cash | -$229M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $3.9B |
| Inventory | $5.3B |
| Other Current Assets | $914M |
| TOTAL CURRENT ASSETS | $12.7B |
| PP&E (Net) | $17.3B |
| Goodwill | $1.6B |
| Intangible Assets | $599M |
| Long-Term Investments | $4.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $710M |
| TOTAL NON-CURRENT ASSETS | $24.5B |
| TOTAL ASSETS | $37.3B |
| Account Payables | $3.6B |
| Short-Term Debt | $128M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.0B |
| Long-Term Debt | $11.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $17.4B |
| TOTAL LIABILITIES | $23.4B |
| Common Stock | $19M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | $10.4B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.7B |
| Minority Interest | $126M |
| TOTAL EQUITY | $13.8B |
| TOTAL LIABILITIES & EQUITY | $37.3B |
| Total Debt | $12.6B |
| Net Debt | $10.0B |
