| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | — | -4.4% | — |
| Op. Income | -$5M | $235M | — | -102.1% | — |
| Gross Margin | 76.5% | 81.9% | — | -5.4pp | — |
| Net Margin | 6.4% | 16.8% | — | -10.3pp | — |
| EPS (Diluted) | $0.18 | $0.48 | — | -62.5% | — |
| Free Cash Flow | $1.6B | $454M | — | 248.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $428M |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $420M |
| Selling & Marketing | $450M |
| General & Administrative | $243M |
| SG&A Expenses | $693M |
| Other Expenses | $282M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | -$5M |
| Interest Income | $146M |
| Interest Expense | $4M |
| Other Income/Expenses | $135M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $117M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $118M |
| D&A | $11M |
| EBIT | -$5M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $117M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $240M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $1.2B |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $177M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $917M |
| Other Investing Activities | -$177M |
| NET CASH FROM INVESTING | -$183M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$493M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.9B |
| NET CASH FROM FINANCING | $2.3B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $3.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $2.4B |
| Net Receivables | $7.8B |
| Inventory | $0 |
| Other Current Assets | $515M |
| TOTAL CURRENT ASSETS | $18.9B |
| PP&E (Net) | $260M |
| Goodwill | $0 |
| Intangible Assets | $682M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $207M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $20.0B |
| Account Payables | $161M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.3B |
| Other Current Liabilities | $514M |
| TOTAL CURRENT LIABILITIES | $12.2B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $227M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.7B |
| Retained Earnings | -$6.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $20.0B |
| Total Debt | $2.3B |
| Net Debt | -$5.8B |
