| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $906M | $1.0B | $1.1B | -13.4% | -15.5% |
| Op. Income | $130M | $189M | $231M | -31.1% | -43.5% |
| Gross Margin | 40.2% | 40.2% | 43.3% | 0.0pp | -3.1pp |
| Net Margin | 13.4% | 17.5% | 18.3% | -4.2pp | -4.9pp |
| EPS (Diluted) | $0.75 | $1.14 | $1.22 | -34.2% | -38.5% |
| Free Cash Flow | $244M | $265M | $271M | -8.0% | -9.9% |
| Item | Amount |
|---|---|
| REVENUE | $906M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $364M |
| R&D Expenses | $161M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $2M |
| Operating Expenses | $234M |
| Cost & Expenses | $775M |
| OPERATING INCOME | $130M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $112M |
| EBIT | $140M |
| EBITDA | $252M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $906M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $364M |
| R&D Expenses | $161M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $2M |
| Operating Expenses | $234M |
| Cost & Expenses | $775M |
| OPERATING INCOME | $130M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $112M |
| EBIT | $140M |
| EBITDA | $252M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $112M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $900.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$100.0K |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$78M |
| Common Dividends Paid | -$109M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | $244M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $6M |
| Net Receivables | $607M |
| Inventory | $823M |
| Other Current Assets | $306M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.2B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $15M |
| Tax Assets | $193M |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $161M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $148M |
| TOTAL CURRENT LIABILITIES | $563M |
| Long-Term Debt | $994M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $156M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $40M |
| Additional Paid-In Capital | $218M |
| Retained Earnings | $6.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $1.2B |
| Net Debt | -$63M |
