| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $7.8B | $7.5B | -3.6% | -0.1% |
| Op. Income | $38M | $39M | $33M | -2.6% | 15.2% |
| Gross Margin | 12.6% | 12.4% | 13.3% | 0.2pp | -0.7pp |
| Net Margin | -0.3% | -0.2% | 0.1% | -0.1pp | -0.4pp |
| EPS (Diluted) | $-0.35 | $-0.25 | $0.12 | -40.0% | -391.7% |
| Free Cash Flow | $49M | $116M | $65M | -57.8% | -24.6% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $943M |
| R&D Expenses | $0 |
| Selling & Marketing | $909M |
| General & Administrative | -$4M |
| SG&A Expenses | $905M |
| Other Expenses | $1M |
| Operating Expenses | $905M |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $38M |
| Interest Income | $1M |
| Interest Expense | $43M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $76M |
| EBIT | $10M |
| EBITDA | $113M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $48M |
| OPERATING CASH FLOW | $125M |
| Capital Expenditure | -$76M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $971M |
| Inventory | $2.2B |
| Other Current Assets | $269M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $3.2B |
| Goodwill | $20M |
| Intangible Assets | $668M |
| Long-Term Investments | $11M |
| Tax Assets | $33M |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $1.7B |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $157M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $624M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$86M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $3.6B |
| Net Debt | $3.6B |
