| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $804M | — | $662M | — | 21.5% |
| Op. Income | $54M | — | $32M | — | 68.8% |
| Gross Margin | 14.8% | — | 14.2% | — | 0.6pp |
| Net Margin | -3.1% | — | -2.1% | — | -1.0pp |
| EPS (Diluted) | $-0.16 | — | $-0.09 | — | -79.2% |
| Free Cash Flow | -$14M | — | -$37M | — | 62.2% |
| Item | Amount |
|---|---|
| REVENUE | $804M |
| Cost of Revenue | $685M |
| GROSS PROFIT | $119M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $750M |
| OPERATING INCOME | $54M |
| Interest Income | $3M |
| Interest Expense | $42M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $76M |
| EBIT | $43M |
| EBITDA | $119M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$101M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $167M |
| Short-Term Investments | $0 |
| Net Receivables | $382M |
| Inventory | $1.5B |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $247M |
| Long-Term Investments | $0 |
| Tax Assets | $874M |
| Other Non-Current Assets | $140M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $492M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $817M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $183M |
| Other Non-Current Liabilities | $376M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $606M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$775M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $33M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $2.9B |
| Net Debt | $2.8B |
