| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $757M | $668M | $475M | 13.3% | 59.4% |
| Op. Income | $102M | $33M | -$48M | 209.1% | 312.5% |
| Gross Margin | 76.2% | 72.6% | 68.1% | 3.6pp | 8.1pp |
| Net Margin | 61.6% | 5.4% | -8.7% | 56.2pp | 70.3pp |
| EPS (Diluted) | $0.42 | $0.13 | $-0.61 | 223.1% | 168.9% |
| Free Cash Flow | $46M | $121M | -$63M | -62.0% | 173.0% |
| Item | Amount |
|---|---|
| REVENUE | $757M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $577M |
| R&D Expenses | $148M |
| Selling & Marketing | $172M |
| General & Administrative | $90M |
| SG&A Expenses | $262M |
| Other Expenses | $65M |
| Operating Expenses | $475M |
| Cost & Expenses | $655M |
| OPERATING INCOME | $102M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | -$355M |
| Net Income from Continuing Ops | $466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $466M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $14M |
| EBIT | $102M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $757M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $577M |
| R&D Expenses | $148M |
| Selling & Marketing | $172M |
| General & Administrative | $90M |
| SG&A Expenses | $262M |
| Other Expenses | $65M |
| Operating Expenses | $475M |
| Cost & Expenses | $655M |
| OPERATING INCOME | $102M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $111M |
| Income Tax Expense | -$355M |
| Net Income from Continuing Ops | $466M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $466M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $115M |
| D&A | $14M |
| EBIT | $102M |
| EBITDA | $116M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $466M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$373M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $209M |
| Net Receivables | $842M |
| Inventory | $0 |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $79M |
| Goodwill | $317M |
| Intangible Assets | $103M |
| Long-Term Investments | $47M |
| Tax Assets | $371M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $929M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $88M |
| Short-Term Debt | $13M |
| Deferred Revenue | $179M |
| Other Current Liabilities | $463M |
| TOTAL CURRENT LIABILITIES | $795M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $116M |
| TOTAL LIABILITIES | $911M |
| Common Stock | $0 |
| Additional Paid-In Capital | $918M |
| Retained Earnings | -$977M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $49M |
| Net Debt | -$1.5B |
