| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $560M | $630M | $459M | -11.0% | 22.0% |
| Op. Income | -$31M | $26M | $66M | -218.3% | -146.6% |
| Gross Margin | 10.8% | 12.7% | 13.5% | -2.0pp | -2.7pp |
| Net Margin | -8.3% | 0.7% | 8.5% | -9.0pp | -16.8pp |
| EPS (Diluted) | $-2.58 | $0.24 | $2.18 | -1175.0% | -218.3% |
| Free Cash Flow | -$106M | -$82M | -$63M | -29.4% | -66.8% |
| Item | Amount |
|---|---|
| REVENUE | $560M |
| Cost of Revenue | $500M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $65M |
| Operating Expenses | $91M |
| Cost & Expenses | $591M |
| OPERATING INCOME | -$31M |
| Interest Income | $5M |
| Interest Expense | $30M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $50M |
| EBIT | -$26M |
| EBITDA | $24M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$296M |
| Sales/Maturities of Investments | $349M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$58M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | -$106M |
| Net Change in Cash | -$147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $241M |
| Short-Term Investments | $761M |
| Net Receivables | $79M |
| Inventory | $39M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $358M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $51M |
| Short-Term Debt | $153M |
| Deferred Revenue | $430M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $910M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $333M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $704M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$633M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
