| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $868M | $949M | $988M | -8.6% | -12.2% |
| Op. Income | $35M | $68M | $159M | -48.8% | -78.0% |
| Gross Margin | 35.7% | 39.0% | 44.9% | -3.4pp | -9.3pp |
| Net Margin | 1.2% | 4.1% | 24.1% | -2.9pp | -22.9pp |
| EPS (Diluted) | $0.07 | $0.25 | $1.52 | -72.0% | -95.4% |
| Free Cash Flow | -$227M | $87M | $53M | -360.7% | -524.7% |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $558M |
| GROSS PROFIT | $310M |
| R&D Expenses | $128M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $833M |
| OPERATING INCOME | $35M |
| Interest Income | $3M |
| Interest Expense | $13M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $34M |
| EBIT | $27M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $868M |
| Cost of Revenue | $558M |
| GROSS PROFIT | $310M |
| R&D Expenses | $128M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $275M |
| Cost & Expenses | $833M |
| OPERATING INCOME | $35M |
| Interest Income | $3M |
| Interest Expense | $13M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $34M |
| EBIT | $27M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$285M |
| OPERATING CASH FLOW | -$205M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $370M |
| Other Investing Activities | $742.0K |
| NET CASH FROM INVESTING | $196M |
| Net Debt Issuance | -$920.0K |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14.0K |
| NET CASH FROM FINANCING | -$147M |
| FREE CASH FLOW | -$227M |
| Net Change in Cash | -$160M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $860M |
| Short-Term Investments | $322M |
| Net Receivables | $975M |
| Inventory | $827M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $327M |
| Goodwill | $329M |
| Intangible Assets | $77M |
| Long-Term Investments | $78M |
| Tax Assets | $798M |
| Other Non-Current Assets | $104M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $439M |
| Short-Term Debt | $7M |
| Deferred Revenue | $148M |
| Other Current Liabilities | $167M |
| TOTAL CURRENT LIABILITIES | $915M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $62M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $151M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.1B |
| Net Debt | $276M |
