| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $851M | $989M | $712M | -13.9% | 19.6% |
| Op. Income | -$17M | $77M | -$72M | -122.1% | 76.4% |
| Gross Margin | 64.7% | 61.1% | 62.5% | 3.6pp | 2.2pp |
| Net Margin | -8.5% | 3.9% | -3.7% | -12.4pp | -4.9pp |
| EPS (Diluted) | $-0.39 | $0.19 | $-0.14 | -305.3% | -178.6% |
| Free Cash Flow | -$249M | -$28M | -$92M | -797.5% | -170.4% |
| Item | Amount |
|---|---|
| REVENUE | $851M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $551M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $547M |
| Other Expenses | $0 |
| Operating Expenses | $568M |
| Cost & Expenses | $868M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $53M |
| EBIT | -$29M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$179M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$182M |
| Net Debt Issuance | $260M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $260M |
| FREE CASH FLOW | -$249M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $0 |
| Net Receivables | $247M |
| Inventory | $959M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $3.4B |
| Goodwill | $2.0B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $104M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $159M |
| Short-Term Debt | $313M |
| Deferred Revenue | $130M |
| Other Current Liabilities | $439M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | -$1.4B |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $853M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $5.2B |
| Net Debt | $5.0B |
