| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.5B | -1.6% | 4.1% |
| Op. Income | $390M | $386M | $232M | 1.0% | 68.1% |
| Gross Margin | 58.3% | 58.4% | 59.7% | -0.1pp | -1.4pp |
| Net Margin | 22.7% | 12.1% | 3.8% | 10.6pp | 18.9pp |
| EPS (Diluted) | $1.38 | $0.75 | $0.23 | 84.0% | 500.0% |
| Free Cash Flow | $65M | $300M | $206M | -78.3% | -68.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $659M |
| GROSS PROFIT | $923M |
| R&D Expenses | $111M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $422M |
| Other Expenses | $0 |
| Operating Expenses | $533M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $390M |
| Interest Income | $0 |
| Interest Expense | $126M |
| Other Income/Expenses | -$183M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | -$152M |
| Net Income from Continuing Ops | $359M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $359M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $359M |
| D&A | $69M |
| EBIT | $333M |
| EBITDA | $402M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $659M |
| GROSS PROFIT | $923M |
| R&D Expenses | $111M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $422M |
| Other Expenses | $0 |
| Operating Expenses | $533M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $390M |
| Interest Income | $0 |
| Interest Expense | $126M |
| Other Income/Expenses | -$183M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | -$152M |
| Net Income from Continuing Ops | $359M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $359M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $359M |
| D&A | $69M |
| EBIT | $333M |
| EBITDA | $402M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $359M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$196M |
| Other Non-Cash Items | $51M |
| Change in Working Capital | -$167M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$76M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$74M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$78M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $763M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $1.4B |
| Other Current Assets | $925M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $1.2B |
| Goodwill | $4.6B |
| Intangible Assets | $763M |
| Long-Term Investments | $0 |
| Tax Assets | $56.0K |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $1.1B |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $674M |
| TOTAL NON-CURRENT LIABILITIES | $9.5B |
| TOTAL LIABILITIES | $12.3B |
| Common Stock | $3M |
| Additional Paid-In Capital | $86M |
| Retained Earnings | $975M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$571M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $493M |
| Minority Interest | $0 |
| TOTAL EQUITY | $493M |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $8.7B |
| Net Debt | $8.0B |
