| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $935M | $973M | $883M | -3.9% | 5.9% |
| Op. Income | $19M | $25M | -$54M | -24.0% | 135.2% |
| Gross Margin | 26.5% | 7.4% | 15.1% | 19.1pp | 11.5pp |
| Net Margin | 2.8% | 3.2% | -3.6% | -0.4pp | 6.4pp |
| EPS (Diluted) | $0.11 | $0.14 | $-0.14 | -21.4% | 178.6% |
| Free Cash Flow | -$170M | -$22M | -$230M | -672.7% | 26.1% |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $687M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $183M |
| Operating Expenses | $229M |
| Cost & Expenses | $916M |
| OPERATING INCOME | $19M |
| Interest Income | $10M |
| Interest Expense | $2M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $19M |
| EBIT | $29M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $935M |
| Cost of Revenue | $687M |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $183M |
| Operating Expenses | $229M |
| Cost & Expenses | $916M |
| OPERATING INCOME | $19M |
| Interest Income | $10M |
| Interest Expense | $2M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $19M |
| EBIT | $29M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$67M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | -$156M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $69M |
| NET CASH FROM FINANCING | $86M |
| FREE CASH FLOW | -$170M |
| Net Change in Cash | -$82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $576M |
| Short-Term Investments | $0 |
| Net Receivables | $150M |
| Inventory | $76M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $910M |
| PP&E (Net) | $4.7B |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $167M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $128M |
| Short-Term Debt | $190M |
| Deferred Revenue | $292M |
| Other Current Liabilities | $375M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $279M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $148M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $414M |
| Retained Earnings | $142M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $549M |
| Minority Interest | $0 |
| TOTAL EQUITY | $549M |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $4.2B |
| Net Debt | $3.7B |
