| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $702M | $713M | $793M | -1.5% | -11.5% |
| Op. Income | -$22M | $49M | $59M | -145.5% | -138.3% |
| Gross Margin | 47.4% | 57.8% | 66.6% | -10.4pp | -19.2pp |
| Net Margin | -11.3% | 3.3% | 4.0% | -14.7pp | -15.3pp |
| EPS (Diluted) | $-0.21 | $0.06 | $0.08 | -436.0% | -349.4% |
| Free Cash Flow | $162M | $172M | $83M | -6.1% | 94.0% |
| Item | Amount |
|---|---|
| REVENUE | $702M |
| Cost of Revenue | $369M |
| GROSS PROFIT | $333M |
| R&D Expenses | $118M |
| Selling & Marketing | $201M |
| General & Administrative | $37M |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $725M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $102M |
| EBIT | -$11M |
| EBITDA | $90M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $48M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $134M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $36M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $703M |
| Inventory | $0 |
| Other Current Assets | $156M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $139M |
| Goodwill | $1.8B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $273M |
| Short-Term Debt | $33M |
| Deferred Revenue | $64M |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $579M |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $134M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $3.3B |
| Net Debt | $2.2B |
