| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.3B | $1.5B | 58.6% | 43.7% |
| Op. Income | -$459M | $228M | -$3M | -301.3% | -15600.0% |
| Gross Margin | 16.7% | 23.2% | 13.1% | -6.5pp | 3.6pp |
| Net Margin | -24.5% | 20.1% | 13.9% | -44.6pp | -38.3pp |
| EPS (Diluted) | $-1.06 | $0.50 | $0.38 | -310.1% | -377.8% |
| Free Cash Flow | -$360M | $80M | -$472M | -552.3% | 23.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $349M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | $726M |
| Operating Expenses | $808M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$459M |
| Interest Income | $68M |
| Interest Expense | $158M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | -$555M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | -$618M |
| Net Income from Discontinued Ops | $39M |
| Other Adjustments | $0 |
| NET INCOME | -$511M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$511M |
| D&A | $364M |
| EBIT | -$416M |
| EBITDA | -$52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$618M |
| Depreciation & Amortization | $364M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $64M |
| Other Non-Cash Items | $631M |
| Change in Working Capital | -$342M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$458M |
| Acquisitions (Net) | $7.0B |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$34M |
| NET CASH FROM INVESTING | $6.6B |
| Net Debt Issuance | -$1.5B |
| Common Stock Repurchased | -$291M |
| Common Dividends Paid | -$235M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | -$360M |
| Net Change in Cash | $4.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $1.8B |
| Other Current Assets | $346M |
| TOTAL CURRENT ASSETS | $9.1B |
| PP&E (Net) | $21.0B |
| Goodwill | $303M |
| Intangible Assets | $150M |
| Long-Term Investments | $1.4B |
| Tax Assets | $29M |
| Other Non-Current Assets | $551M |
| TOTAL NON-CURRENT ASSETS | $23.4B |
| TOTAL ASSETS | $32.5B |
| Account Payables | $2.0B |
| Short-Term Debt | $290M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $95M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $10.5B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $4.8B |
| Additional Paid-In Capital | $127M |
| Retained Earnings | $12.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $755M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.2B |
| Minority Interest | $752M |
| TOTAL EQUITY | $18.9B |
| TOTAL LIABILITIES & EQUITY | $32.5B |
| Total Debt | $6.9B |
| Net Debt | $1.6B |
