| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.2B | $7.4B | $7.0B | -2.7% | 3.0% |
| Op. Income | $419M | $1.2B | $657M | -63.7% | -36.2% |
| Gross Margin | 63.6% | 66.5% | 65.8% | -2.9pp | -2.3pp |
| Net Margin | 2.1% | 7.8% | 9.5% | -5.7pp | -7.4pp |
| EPS (Diluted) | $0.05 | $0.18 | $0.21 | -73.7% | -77.5% |
| Free Cash Flow | $2.1B | $1.5B | $434M | 46.3% | 388.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.2B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $1.4B |
| Operating Expenses | $4.1B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $419M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$254M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $149M |
| D&A | $1.2B |
| EBIT | $38M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.2B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $1.1B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $1.4B |
| Operating Expenses | $4.1B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $419M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$254M |
| INCOME BEFORE TAX | $165M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $149M |
| D&A | $1.2B |
| EBIT | $38M |
| EBITDA | $1.2B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $149M |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $115M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $536M |
| Change in Working Capital | $433M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$282M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$441M |
| NET CASH FROM INVESTING | -$724M |
| Net Debt Issuance | -$3.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$911M |
| Other Financing Activities | -$248M |
| NET CASH FROM FINANCING | -$4.1B |
| FREE CASH FLOW | $2.1B |
| Net Change in Cash | -$2.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $204M |
| Net Receivables | $4.6B |
| Inventory | $7.8B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $17.3B |
| PP&E (Net) | $12.6B |
| Goodwill | $34.6B |
| Intangible Assets | $24.8B |
| Long-Term Investments | $2.6B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $465M |
| TOTAL NON-CURRENT ASSETS | $77.4B |
| TOTAL ASSETS | $94.6B |
| Account Payables | $2.9B |
| Short-Term Debt | $849M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.4B |
| TOTAL CURRENT LIABILITIES | $13.1B |
| Long-Term Debt | $29.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $236M |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $35.0B |
| TOTAL LIABILITIES | $48.2B |
| Common Stock | $10.6B |
| Additional Paid-In Capital | $11.0B |
| Retained Earnings | $8.1B |
| Treasury Stock | -$156M |
| Accum. Other Comp. Income | $16.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46.5B |
| Minority Interest | $6M |
| TOTAL EQUITY | $46.5B |
| TOTAL LIABILITIES & EQUITY | $94.6B |
| Total Debt | $30.3B |
| Net Debt | $27.2B |
