| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $715M | $702M | $625M | 1.9% | 14.4% |
| Op. Income | $61M | -$22M | -$128M | 372.2% | 147.7% |
| Gross Margin | 63.4% | 47.4% | 54.9% | 16.0pp | 8.4pp |
| Net Margin | -0.6% | -11.3% | -18.4% | 10.7pp | 17.8pp |
| EPS (Diluted) | $-0.01 | $-0.21 | $-0.31 | 94.2% | 96.1% |
| Free Cash Flow | $289M | $162M | -$34M | 78.5% | 957.5% |
| Item | Amount |
|---|---|
| REVENUE | $715M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $453M |
| R&D Expenses | $145M |
| Selling & Marketing | $203M |
| General & Administrative | $45M |
| SG&A Expenses | $248M |
| Other Expenses | $0 |
| Operating Expenses | $392M |
| Cost & Expenses | $654M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $128M |
| EBIT | $71M |
| EBITDA | $199M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $83M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $73M |
| OPERATING CASH FLOW | $289M |
| Capital Expenditure | -$70.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$111M |
| FREE CASH FLOW | $289M |
| Net Change in Cash | $165M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $638M |
| Inventory | $0 |
| Other Current Assets | $165M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $179M |
| Goodwill | $1.8B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $281M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $283M |
| Short-Term Debt | $33M |
| Deferred Revenue | $67M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $620M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $171M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$73M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $3.3B |
| Net Debt | $2.0B |
