| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.8B | $3.9B | -1.2% | -4.8% |
| Op. Income | $226M | -$240M | $452M | 194.2% | -50.0% |
| Gross Margin | 38.9% | 38.1% | 42.9% | 0.8pp | -4.0pp |
| Net Margin | 2.5% | -8.6% | 8.4% | 11.1pp | -5.9pp |
| EPS (Diluted) | $0.08 | $-0.27 | $0.27 | 129.3% | -70.7% |
| Free Cash Flow | $741M | $320M | $732M | 131.4% | 1.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $198M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $32M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $226M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$135M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $670M |
| EBIT | $236M |
| EBITDA | $906M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $198M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $32M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $226M |
| Interest Income | $0 |
| Interest Expense | $146M |
| Other Income/Expenses | -$135M |
| INCOME BEFORE TAX | $91M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $670M |
| EBIT | $236M |
| EBITDA | $906M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | $670M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$312M |
| Other Non-Cash Items | $203M |
| Change in Working Capital | $139M |
| OPERATING CASH FLOW | $827M |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $1.8B |
| NET CASH FROM INVESTING | $1.7B |
| Net Debt Issuance | -$1.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$143M |
| Other Financing Activities | $42M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $741M |
| Net Change in Cash | $962M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $169M |
| Net Receivables | $3.9B |
| Inventory | $4.1B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $11.3B |
| PP&E (Net) | $2.9B |
| Goodwill | $9.6B |
| Intangible Assets | $18.0B |
| Long-Term Investments | $1.5B |
| Tax Assets | $763M |
| Other Non-Current Assets | $721M |
| TOTAL NON-CURRENT ASSETS | $33.4B |
| TOTAL ASSETS | $44.8B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $14.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $17.4B |
| TOTAL LIABILITIES | $25.0B |
| Common Stock | $12M |
| Additional Paid-In Capital | $18.9B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$504M |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.8B |
| TOTAL LIABILITIES & EQUITY | $44.8B |
| Total Debt | $16.0B |
| Net Debt | $14.1B |
