| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.5B | — | -23.5% | — |
| Op. Income | $86M | $638M | — | -86.5% | — |
| Gross Margin | 53.2% | 78.5% | — | -25.3pp | — |
| Net Margin | 4.1% | 30.1% | — | -25.9pp | — |
| EPS (Diluted) | $0.95 | $9.08 | — | -89.5% | — |
| Free Cash Flow | $343M | $387M | — | -11.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $40M |
| General & Administrative | $217M |
| SG&A Expenses | $257M |
| Other Expenses | $273M |
| Operating Expenses | $530M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $86M |
| Interest Income | $1.2B |
| Interest Expense | $205M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | -$16M |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $35M |
| EBIT | $86M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $40M |
| General & Administrative | $217M |
| SG&A Expenses | $257M |
| Other Expenses | $273M |
| Operating Expenses | $530M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $86M |
| Interest Income | $1.2B |
| Interest Expense | $205M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | -$16M |
| Other Adjustments | $0 |
| NET INCOME | $48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $48M |
| D&A | $35M |
| EBIT | $86M |
| EBITDA | $121M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $357M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $343M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$261M |
| NET CASH FROM INVESTING | -$281M |
| Net Debt Issuance | -$161M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$172M |
| NET CASH FROM FINANCING | -$343M |
| FREE CASH FLOW | $343M |
| Net Change in Cash | -$281M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $39M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $162M |
| Goodwill | $0 |
| Intangible Assets | $780M |
| Long-Term Investments | $16.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $18.2B |
| TOTAL ASSETS | $21.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.0B |
| TOTAL CURRENT LIABILITIES | $13.0B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $18.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $574M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $21.6B |
| Total Debt | $4.7B |
| Net Debt | $1.4B |
