| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $4.2B | $3.4B | -18.3% | 1.6% |
| Op. Income | $325M | $561M | $341M | -42.2% | -4.8% |
| Gross Margin | 37.2% | 36.6% | 36.6% | 0.6pp | 0.6pp |
| Net Margin | 7.0% | 10.0% | 7.5% | -3.1pp | -0.5pp |
| EPS (Diluted) | $0.45 | $0.79 | $0.47 | -42.7% | -3.4% |
| Free Cash Flow | -$102M | $367M | -$22M | -127.8% | -373.4% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $852M |
| Other Expenses | $114M |
| Operating Expenses | $966M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $325M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $241M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $241M |
| D&A | $114M |
| EBIT | $325M |
| EBITDA | $438M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $852M |
| Other Expenses | $114M |
| Operating Expenses | $966M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $325M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $241M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $241M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $241M |
| D&A | $114M |
| EBIT | $325M |
| EBITDA | $438M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $241M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | -$234M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$188M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $59M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | -$152M |
| Common Dividends Paid | -$118M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$166M |
| FREE CASH FLOW | -$102M |
| Net Change in Cash | -$208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $3.1B |
| Other Current Assets | $200M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $5.9B |
| Goodwill | $0 |
| Intangible Assets | $270M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $6.3B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $1.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $49M |
| Other Non-Current Liabilities | $142M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$5.9B |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $5.3B |
| Net Debt | $5.1B |
