| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $3.7B | $1.3B | 5.1% | 200.0% |
| Op. Income | $378M | $371M | $99M | 1.8% | 281.8% |
| Gross Margin | 15.5% | 15.4% | 17.6% | 0.1pp | -2.1pp |
| Net Margin | 10.5% | 8.1% | 6.7% | 2.4pp | 3.8pp |
| EPS (Diluted) | $0.67 | $0.55 | $0.15 | 21.8% | 346.7% |
| Free Cash Flow | -$1.6B | -$610M | $190M | -163.4% | -944.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $597M |
| R&D Expenses | $116M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $219M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $378M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $382M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $402M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $402M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $402M |
| D&A | $10M |
| EBIT | $388M |
| EBITDA | $399M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $597M |
| R&D Expenses | $116M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $219M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $378M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $382M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $402M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $402M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $402M |
| D&A | $10M |
| EBIT | $388M |
| EBITDA | $399M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $402M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | -$89M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$1.9B |
| OPERATING CASH FLOW | -$1.5B |
| Capital Expenditure | -$93M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$115M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$78M |
| NET CASH FROM FINANCING | $3.0B |
| FREE CASH FLOW | -$1.6B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $4.1B |
| Other Current Assets | $174M |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $386M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $330M |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $799M |
| TOTAL ASSETS | $8.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $82M |
| Deferred Revenue | $335M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $203M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $549.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $163.0K |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $1.9B |
| Net Debt | -$244M |
