| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | — | $1.3B | — | 17.7% |
| Op. Income | -$1.2B | — | -$866M | — | -38.7% |
| Gross Margin | 45.0% | — | 57.3% | — | -12.3pp |
| Net Margin | -62.1% | — | -52.4% | — | -9.6pp |
| EPS (Diluted) | $-3.34 | — | $-2.51 | — | -33.1% |
| Free Cash Flow | -$109M | — | -$274M | — | 60.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $873M |
| GROSS PROFIT | $715M |
| R&D Expenses | $0 |
| Selling & Marketing | $638M |
| General & Administrative | $586M |
| SG&A Expenses | $1.2B |
| Other Expenses | $691M |
| Operating Expenses | $1.9B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | -$1.2B |
| Interest Income | $0 |
| Interest Expense | $183M |
| Other Income/Expenses | $212M |
| INCOME BEFORE TAX | -$989M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$985M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$985M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$985M |
| D&A | $135M |
| EBIT | -$806M |
| EBITDA | -$672M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$985M |
| Depreciation & Amortization | $135M |
| Stock-Based Compensation | $452M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $546M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$121M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | -$2.0B |
| NET CASH FROM INVESTING | -$1.7B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$109.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$81M |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | -$291M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $892M |
| Short-Term Investments | $1.2B |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $368M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $320M |
| Goodwill | $543M |
| Intangible Assets | $34M |
| Long-Term Investments | $43M |
| Tax Assets | $23M |
| Other Non-Current Assets | $292M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $5.5B |
| Net Debt | $4.6B |
