| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $677M | $783M | $676M | -13.5% | 0.1% |
| Op. Income | -$60M | $339M | $41M | -117.6% | -246.7% |
| Gross Margin | 16.6% | 63.5% | 31.2% | -46.9pp | -14.6pp |
| Net Margin | -6.7% | 32.2% | 4.3% | -38.8pp | -11.0pp |
| EPS (Diluted) | $-0.23 | $1.11 | $0.11 | -120.7% | -309.1% |
| Free Cash Flow | -$113M | -$145M | -$1.8B | 21.8% | 93.7% |
| Item | Amount |
|---|---|
| REVENUE | $677M |
| Cost of Revenue | $565M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $101M |
| Other Expenses | $71M |
| Operating Expenses | $172M |
| Cost & Expenses | $737M |
| OPERATING INCOME | -$60M |
| Interest Income | $653M |
| Interest Expense | $293M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $5M |
| EBIT | -$60M |
| EBITDA | -$54M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $275M |
| Change in Working Capital | -$342M |
| OPERATING CASH FLOW | -$113M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $334M |
| Other Investing Activities | -$2.1B |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $631M |
| Common Stock Repurchased | -$114M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $695M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$113M |
| Net Change in Cash | -$744M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.5B |
| Short-Term Investments | $105M |
| Net Receivables | $1.5B |
| Inventory | $0 |
| Other Current Assets | $171M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $123M |
| Goodwill | $56M |
| Intangible Assets | $9M |
| Long-Term Investments | $23.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $490M |
| TOTAL NON-CURRENT ASSETS | $23.7B |
| TOTAL ASSETS | $30.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $21.4B |
| Long-Term Debt | $6.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $397M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $27.9B |
| Common Stock | $88M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $4.0B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $30.0B |
| Total Debt | $6.0B |
| Net Debt | $1.5B |
