| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.5B | $1.7B | -11.4% | 30.6% |
| Op. Income | -$186M | $23M | -$202M | -908.7% | 7.9% |
| Gross Margin | 12.8% | 22.9% | 7.5% | -10.1pp | 5.3pp |
| Net Margin | -6.5% | 0.9% | -8.5% | -7.4pp | 2.0pp |
| EPS (Diluted) | $-1.11 | $0.17 | $-1.14 | -752.9% | 2.6% |
| Free Cash Flow | $98M | -$715M | -$1M | 113.7% | 9900.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $66M |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $401M |
| Operating Expenses | $467M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | -$186M |
| Interest Income | $17M |
| Interest Expense | $21M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$199M |
| Income Tax Expense | -$57M |
| Net Income from Continuing Ops | -$142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$142M |
| D&A | $104M |
| EBIT | -$107M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$142M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$56M |
| Other Non-Cash Items | $120M |
| Change in Working Capital | $173M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$124M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$201M |
| Sales/Maturities of Investments | $388M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $60M |
| Net Debt Issuance | -$96M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114M |
| FREE CASH FLOW | $98M |
| Net Change in Cash | $168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $516M |
| Short-Term Investments | $1.9B |
| Net Receivables | $340M |
| Inventory | $105M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $8.8B |
| Goodwill | $2.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $374M |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $14.3B |
| Account Payables | $206M |
| Short-Term Debt | $481M |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $908M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $523M |
| Other Non-Current Liabilities | $652M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $587M |
| Retained Earnings | $4.2B |
| Treasury Stock | -$692M |
| Accum. Other Comp. Income | -$365M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $3.7B |
| Net Debt | $3.2B |
