| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | — | $300M | — | -38.0% |
| Op. Income | -$139M | — | $107M | — | -229.6% |
| Gross Margin | -14.9% | — | 72.5% | — | -87.5pp |
| Net Margin | -54.8% | — | 28.2% | — | -83.0pp |
| EPS (Diluted) | $-0.76 | — | $0.62 | — | -222.6% |
| Free Cash Flow | $41M | — | $92M | — | -55.0% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $213M |
| GROSS PROFIT | -$28M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $56M |
| SG&A Expenses | $60M |
| Other Expenses | $51M |
| Operating Expenses | $111M |
| Cost & Expenses | $325M |
| OPERATING INCOME | -$139M |
| Interest Income | $360M |
| Interest Expense | $207M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$139M |
| Income Tax Expense | -$37M |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $10M |
| EBIT | -$139M |
| EBITDA | -$129M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$46M |
| Other Non-Cash Items | $190M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $187M |
| Other Investing Activities | -$510M |
| NET CASH FROM INVESTING | -$329M |
| Net Debt Issuance | $745M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$83M |
| Other Financing Activities | -$161M |
| NET CASH FROM FINANCING | $478M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $196M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246M |
| Short-Term Investments | $1.4B |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $92M |
| Goodwill | $9M |
| Intangible Assets | $2M |
| Long-Term Investments | $8.0B |
| Tax Assets | $30M |
| Other Non-Current Assets | $436M |
| TOTAL NON-CURRENT ASSETS | $8.5B |
| TOTAL ASSETS | $10.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.1B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $703M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$105M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | -$28M |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $10.2B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
