| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $5.8B | $3.8B | 16.9% | 81.5% |
| Op. Income | $719M | $191M | -$1.8B | 276.4% | 140.8% |
| Gross Margin | 26.9% | 18.5% | -17.8% | 8.4pp | 44.7pp |
| Net Margin | 4.9% | 13.6% | -50.5% | -8.7pp | 55.4pp |
| EPS (Diluted) | $0.30 | $0.71 | $-1.73 | -57.7% | 117.3% |
| Free Cash Flow | $396M | -$165M | -$1.5B | 340.0% | 125.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $850M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $291M |
| Other Expenses | -$28M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | $719M |
| Interest Income | $136M |
| Interest Expense | $150M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $709M |
| Income Tax Expense | $377M |
| Net Income from Continuing Ops | $332M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $332M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $332M |
| D&A | $2.0B |
| EBIT | $681M |
| EBITDA | $2.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $850M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $291M |
| Other Expenses | -$28M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | $719M |
| Interest Income | $136M |
| Interest Expense | $150M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $709M |
| Income Tax Expense | $377M |
| Net Income from Continuing Ops | $332M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $332M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $332M |
| D&A | $2.0B |
| EBIT | $681M |
| EBITDA | $2.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $332M |
| Depreciation & Amortization | $2.0B |
| Stock-Based Compensation | $219M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$2.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$645M |
| Sales/Maturities of Investments | $707M |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$715M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$128M |
| Other Financing Activities | -$67M |
| NET CASH FROM FINANCING | -$910M |
| FREE CASH FLOW | $396M |
| Net Change in Cash | -$437M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.6B |
| Short-Term Investments | $785M |
| Net Receivables | $5.1B |
| Inventory | $8.5B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $23.3B |
| PP&E (Net) | $38.6B |
| Goodwill | $1.1B |
| Intangible Assets | $413M |
| Long-Term Investments | $775M |
| Tax Assets | $597M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $42.9B |
| TOTAL ASSETS | $66.3B |
| Account Payables | $2.0B |
| Short-Term Debt | $106M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $11.2B |
| Deferred Revenue NC | $672M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $15.2B |
| TOTAL LIABILITIES | $22.0B |
| Common Stock | $125M |
| Additional Paid-In Capital | $11.8B |
| Retained Earnings | $40.2B |
| Treasury Stock | -$7.6B |
| Accum. Other Comp. Income | -$311M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $44.2B |
| TOTAL LIABILITIES & EQUITY | $66.3B |
| Total Debt | $13.9B |
| Net Debt | $6.3B |
