| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.5B | 5.8% | 11.4% |
| Op. Income | $490M | $427M | $412M | 14.7% | 18.7% |
| Gross Margin | 42.2% | 40.8% | 39.9% | 1.4pp | 2.4pp |
| Net Margin | 22.3% | 9.8% | -82.2% | 12.5pp | 104.5pp |
| EPS (Diluted) | $0.86 | $0.37 | $-2.87 | 132.4% | 130.0% |
| Free Cash Flow | $715M | $218M | $395M | 228.3% | 80.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $970M |
| GROSS PROFIT | $709M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $219M |
| Other Expenses | $0 |
| Operating Expenses | $219M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $490M |
| Interest Income | $17M |
| Interest Expense | $90M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $380M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $375M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $375M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $375M |
| D&A | $61M |
| EBIT | $470M |
| EBITDA | $531M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $970M |
| GROSS PROFIT | $709M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $219M |
| Other Expenses | $0 |
| Operating Expenses | $219M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $490M |
| Interest Income | $17M |
| Interest Expense | $90M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $380M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $375M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $375M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $375M |
| D&A | $61M |
| EBIT | $470M |
| EBITDA | $531M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $375M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $115M |
| Change in Working Capital | $274M |
| OPERATING CASH FLOW | $829M |
| Capital Expenditure | -$114M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$131M |
| NET CASH FROM FINANCING | -$191M |
| FREE CASH FLOW | $715M |
| Net Change in Cash | $543M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $0 |
| Net Receivables | $241M |
| Inventory | $59M |
| Other Current Assets | $501M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $6.1B |
| Goodwill | $0 |
| Intangible Assets | $61M |
| Long-Term Investments | $13M |
| Tax Assets | $49M |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $6.4B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $264M |
| Short-Term Debt | $450M |
| Deferred Revenue | $4.0B |
| Other Current Liabilities | $584M |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $4M |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$5.5B |
| Treasury Stock | -$124M |
| Accum. Other Comp. Income | $17M |
| Other Equity | $202M |
| TOTAL STOCKHOLDERS' EQUITY | -$785M |
| Minority Interest | $3M |
| TOTAL EQUITY | -$781M |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $5.3B |
| Net Debt | $2.9B |
