| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.3B | -7.8% | -22.8% |
| Op. Income | $12M | $48M | $110M | -75.0% | -89.1% |
| Gross Margin | 13.4% | 21.4% | 26.9% | -7.9pp | -13.5pp |
| Net Margin | -0.2% | 3.3% | 6.1% | -3.5pp | -6.3pp |
| EPS (Diluted) | $-0.02 | $0.32 | $0.65 | -105.8% | -102.8% |
| Free Cash Flow | -$10M | $279M | $122M | -103.6% | -108.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $870M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $51M |
| Operating Expenses | $123M |
| Cost & Expenses | $993M |
| OPERATING INCOME | $12M |
| Interest Income | $948M |
| Interest Expense | $828M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80M |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0B |
| NET CASH FROM INVESTING | $2.0B |
| Net Debt Issuance | -$3.1B |
| Common Stock Repurchased | -$33M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.6B |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | -$1.9B |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $438M |
| Long-Term Investments | $47.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$47.8B |
| TOTAL NON-CURRENT ASSETS | $438M |
| TOTAL ASSETS | $53.4B |
| Account Payables | $0 |
| Short-Term Debt | $3.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $45.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $746M |
| TOTAL NON-CURRENT LIABILITIES | $46.6B |
| TOTAL LIABILITIES | $50.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | $4.7B |
| Treasury Stock | -$5.4B |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $53.4B |
| Total Debt | $49.4B |
| Net Debt | $48.2B |
