| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $931M | $996M | $889M | -6.5% | 4.7% |
| Op. Income | -$2M | $51M | $54M | -103.9% | -103.7% |
| Gross Margin | 60.0% | 57.8% | 60.9% | 2.2pp | -0.8pp |
| Net Margin | -9.7% | -0.1% | 2.2% | -9.6pp | -11.9pp |
| EPS (Diluted) | $-0.25 | $-0.00 | $0.06 | -8520.7% | -537.8% |
| Free Cash Flow | -$93M | $103M | -$39M | -190.2% | -138.5% |
| Item | Amount |
|---|---|
| REVENUE | $931M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $559M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $418M |
| Other Expenses | $66M |
| Operating Expenses | $561M |
| Cost & Expenses | $933M |
| OPERATING INCOME | -$2M |
| Interest Income | $3M |
| Interest Expense | $50M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $91M |
| EBIT | -$5M |
| EBITDA | $86M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$95M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $94M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $91M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $346M |
| Short-Term Investments | $0 |
| Net Receivables | $714M |
| Inventory | $697M |
| Other Current Assets | $427M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.3B |
| Goodwill | $4.5B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $12M |
| Tax Assets | $923M |
| Other Non-Current Assets | $201M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $389M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $384M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $341M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | -$84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $69M |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $2.5B |
| Net Debt | $2.2B |
