| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $681M | $677M | $679M | 0.5% | 0.3% |
| Op. Income | -$34M | -$54M | -$52M | 36.4% | 35.1% |
| Gross Margin | 19.1% | 18.8% | 21.0% | 0.3pp | -1.9pp |
| Net Margin | -12.4% | -14.8% | -12.3% | 2.4pp | -0.1pp |
| EPS (Diluted) | $-0.45 | $-0.54 | $-0.45 | 16.7% | 0.0% |
| Free Cash Flow | -$45M | -$63M | -$36M | 28.3% | -26.7% |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $551M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $81M |
| Operating Expenses | $164M |
| Cost & Expenses | $715M |
| OPERATING INCOME | -$34M |
| Interest Income | $778.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | -$83M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $88M |
| EBIT | -$35M |
| EBITDA | $53M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $866.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | -$85.0K |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$975.0K |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$50.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $239M |
| Short-Term Investments | $165M |
| Net Receivables | $50M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $587M |
| PP&E (Net) | $5.4B |
| Goodwill | $27M |
| Intangible Assets | $0 |
| Long-Term Investments | $60M |
| Tax Assets | $2M |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $77M |
| Short-Term Debt | $268M |
| Deferred Revenue | $71M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $854M |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$3.6B |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $516M |
| Minority Interest | $2M |
| TOTAL EQUITY | $519M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $5.2B |
| Net Debt | $4.9B |
