Reported October 30, 2024
| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.2B | $2.2B | -2.5% | -2.2% |
| Op. Income | $625M | $614M | $691M | 1.8% | -9.6% |
| Gross Margin | 67.6% | 69.8% | 70.5% | -2.2pp | -3.0pp |
| Net Margin | 16.0% | 15.1% | 17.9% | 0.9pp | -1.8pp |
| EPS (Diluted) | $0.35 | $0.33 | $0.39 | 3.6% | -12.3% |
| Free Cash Flow | $583M | $406M | $527M | 43.6% | 10.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $55M |
| General & Administrative | $290M |
| SG&A Expenses | $345M |
| Other Expenses | $472M |
| Operating Expenses | $817M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $625M |
| Interest Income | $18M |
| Interest Expense | $83M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $560M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $469M |
| EBIT | $643M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $55M |
| General & Administrative | $290M |
| SG&A Expenses | $345M |
| Other Expenses | $472M |
| Operating Expenses | $817M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $625M |
| Interest Income | $18M |
| Interest Expense | $83M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $560M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $469M |
| EBIT | $643M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $342M |
| Depreciation & Amortization | $469M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $129M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $940M |
| Capital Expenditure | -$357M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$65M |
| NET CASH FROM INVESTING | -$422M |
| Net Debt Issuance | -$516M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | -$552M |
| FREE CASH FLOW | $583M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $152M |
| Net Receivables | $908M |
| Inventory | $52M |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $11.9B |
| Goodwill | $62M |
| Intangible Assets | $561M |
| Long-Term Investments | $444M |
| Tax Assets | $199M |
| Other Non-Current Assets | $368M |
| TOTAL NON-CURRENT ASSETS | $13.5B |
| TOTAL ASSETS | $16.5B |
| Account Payables | $831M |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $385M |
| Other Current Liabilities | $903M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $148M |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $778M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $286M |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $6.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $886M |
| Other Equity | $549M |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $16.5B |
| Total Debt | $4.2B |
| Net Debt | $2.8B |