| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.8B | $3.8B | -5.9% | -8.1% |
| Op. Income | -$180M | $226M | -$455M | -179.6% | 60.4% |
| Gross Margin | 34.4% | 38.9% | 41.6% | -4.5pp | -7.2pp |
| Net Margin | -14.6% | 2.5% | -20.0% | -17.2pp | 5.3pp |
| EPS (Diluted) | $-0.43 | $0.08 | $-0.64 | -644.3% | 32.8% |
| Free Cash Flow | $329M | $741M | $279M | -55.6% | 18.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $207M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $142M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | -$180M |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$347M |
| INCOME BEFORE TAX | -$527M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$517M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$517M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$517M |
| D&A | $746M |
| EBIT | -$406M |
| EBITDA | $340M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$517M |
| Depreciation & Amortization | $746M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$249M |
| Other Non-Cash Items | $315M |
| Change in Working Capital | $155M |
| OPERATING CASH FLOW | $483M |
| Capital Expenditure | -$153M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$169M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$143M |
| Other Financing Activities | $98M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $329M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $735M |
| Short-Term Investments | $355M |
| Net Receivables | $3.5B |
| Inventory | $3.9B |
| Other Current Assets | $914M |
| TOTAL CURRENT ASSETS | $9.5B |
| PP&E (Net) | $2.9B |
| Goodwill | $9.1B |
| Intangible Assets | $17.1B |
| Long-Term Investments | $1.3B |
| Tax Assets | $753M |
| Other Non-Current Assets | $754M |
| TOTAL NON-CURRENT ASSETS | $32.0B |
| TOTAL ASSETS | $41.5B |
| Account Payables | $1.4B |
| Short-Term Debt | $600.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $14.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $17.1B |
| TOTAL LIABILITIES | $22.9B |
| Common Stock | $12M |
| Additional Paid-In Capital | $18.9B |
| Retained Earnings | $3.4B |
| Treasury Stock | -$504M |
| Accum. Other Comp. Income | -$3.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.6B |
| TOTAL LIABILITIES & EQUITY | $41.5B |
| Total Debt | $14.3B |
| Net Debt | $13.6B |
