| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $681M | $677M | $691M | 0.6% | -1.4% |
| Op. Income | $90M | $62M | $120M | 44.7% | -25.5% |
| Gross Margin | 53.2% | 53.5% | 57.3% | -0.3pp | -4.1pp |
| Net Margin | -170.6% | 10.2% | -134.2% | -180.8pp | -36.5pp |
| EPS (Diluted) | $-39.59 | $2.32 | $-31.12 | -1806.5% | -27.2% |
| Free Cash Flow | $63M | $62M | $36M | 1.7% | 76.5% |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $319M |
| GROSS PROFIT | $362M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $273M |
| Cost & Expenses | $591M |
| OPERATING INCOME | $90M |
| Interest Income | $17M |
| Interest Expense | $12M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | -$1.5B |
| Income Tax Expense | -$338M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $58M |
| EBIT | -$1.5B |
| EBITDA | -$1.4B |
| EPS | -$40 |
| EPS Diluted | -$40 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.6B |
| Change in Working Capital | -$382M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | $39.0K |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | -$116.0K |
| Common Stock Repurchased | -$207M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$203M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$74M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $390M |
| Short-Term Investments | $1.3B |
| Net Receivables | $492M |
| Inventory | $777M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $688M |
| Goodwill | $412M |
| Intangible Assets | $329M |
| Long-Term Investments | $7.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $100M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $12.0B |
| Account Payables | $150M |
| Short-Term Debt | $476.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $166M |
| TOTAL CURRENT LIABILITIES | $582M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $474M |
| Retained Earnings | $8.8B |
| Treasury Stock | -$459M |
| Accum. Other Comp. Income | -$373M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $12.0B |
| Total Debt | $1.4B |
| Net Debt | $992M |
