| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.7B | $25.5B | $25.4B | 0.8% | 1.1% |
| Op. Income | $1.2B | $1.6B | $1.3B | -28.6% | -11.3% |
| Gross Margin | 28.3% | 30.0% | 28.5% | -1.7pp | -0.2pp |
| Net Margin | 3.3% | 4.7% | 3.8% | -1.4pp | -0.5pp |
| EPS (Diluted) | $1.85 | $2.57 | $2.10 | -28.0% | -11.9% |
| Free Cash Flow | $84M | $1.6B | $807M | -94.7% | -89.6% |
| Item | Amount |
|---|---|
| REVENUE | $25.7B |
| Cost of Revenue | $18.4B |
| GROSS PROFIT | $7.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.5B |
| Other Expenses | $639M |
| Operating Expenses | $6.1B |
| Cost & Expenses | $24.5B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $105M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $237M |
| Net Income from Continuing Ops | $854M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $854M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $854M |
| D&A | $754M |
| EBIT | $1.2B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.7B |
| Cost of Revenue | $18.4B |
| GROSS PROFIT | $7.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.5B |
| Other Expenses | $639M |
| Operating Expenses | $6.1B |
| Cost & Expenses | $24.5B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $105M |
| Other Income/Expenses | -$77M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $237M |
| Net Income from Continuing Ops | $854M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $854M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $854M |
| D&A | $754M |
| EBIT | $1.2B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $854M |
| Depreciation & Amortization | $639M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | -$74M |
| Other Non-Cash Items | $92M |
| Change in Working Capital | -$852M |
| OPERATING CASH FLOW | $739M |
| Capital Expenditure | -$655M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$637M |
| Net Debt Issuance | $705M |
| Common Stock Repurchased | -$351M |
| Common Dividends Paid | -$516M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$166M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $15.2B |
| Other Current Assets | $2.0B |
| TOTAL CURRENT ASSETS | $20.6B |
| PP&E (Net) | $36.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $38.0B |
| TOTAL ASSETS | $58.5B |
| Account Payables | $14.4B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21.8B |
| Long-Term Debt | $14.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.4B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $22.3B |
| TOTAL LIABILITIES | $44.0B |
| Common Stock | $38M |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | $8.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$474M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.5B |
| TOTAL LIABILITIES & EQUITY | $58.5B |
| Total Debt | $19.4B |
| Net Debt | $16.0B |
