| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $996M | $942M | $1.0B | 5.7% | -0.5% |
| Op. Income | $51M | $46M | $92M | 10.9% | -44.6% |
| Gross Margin | 57.8% | 60.5% | 59.7% | -2.7pp | -1.9pp |
| Net Margin | -0.1% | -1.9% | 5.1% | 1.8pp | -5.2pp |
| EPS (Diluted) | $-0.00 | $-0.04 | $0.15 | 93.2% | -101.9% |
| Free Cash Flow | $103M | -$27M | $84M | 481.8% | 22.7% |
| Item | Amount |
|---|---|
| REVENUE | $996M |
| Cost of Revenue | $420M |
| GROSS PROFIT | $576M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $386M |
| Other Expenses | $61M |
| Operating Expenses | $525M |
| Cost & Expenses | $945M |
| OPERATING INCOME | $51M |
| Interest Income | $3M |
| Interest Expense | $47M |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $0 |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $93M |
| EBIT | $45M |
| EBITDA | $138M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $93M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$48M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $87M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | $2.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.2B |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $0 |
| Net Receivables | $726M |
| Inventory | $628M |
| Other Current Assets | $403M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $4.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $12M |
| Tax Assets | $927M |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $11.1B |
| Account Payables | $317M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $732M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $237M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $68M |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $2.6B |
| Net Debt | $2.2B |
