| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $820M | — | $2.3B | — | -64.3% |
| Op. Income | -$1.1B | — | $872M | — | -220.8% |
| Gross Margin | -61.2% | — | 60.1% | — | -121.4pp |
| Net Margin | -99.8% | — | 30.6% | — | -130.4pp |
| EPS (Diluted) | $-5.13 | — | $4.31 | — | -219.0% |
| Free Cash Flow | $553M | — | $559M | — | -1.1% |
| Item | Amount |
|---|---|
| REVENUE | $820M |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | -$502M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $551M |
| Operating Expenses | $551M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $196M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | -$235M |
| NET INCOME | -$818M |
| D&A | $41M |
| EBIT | -$1.0B |
| EBITDA | -$999M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$818M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$265M |
| Other Non-Cash Items | $1.2B |
| Change in Working Capital | $427M |
| OPERATING CASH FLOW | $557M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$636M |
| Sales/Maturities of Investments | $473M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$151M |
| Common Dividends Paid | -$109M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$284M |
| FREE CASH FLOW | $553M |
| Net Change in Cash | $111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $11.9B |
| Net Receivables | $3.2B |
| Inventory | $0 |
| Other Current Assets | -$16.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $201M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$21.6B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $29.2B |
| Account Payables | $0 |
| Short-Term Debt | $44M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$44M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $841M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | -$1.9B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $11.3B |
| Treasury Stock | -$2.1B |
| Accum. Other Comp. Income | -$423M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $885M |
| Net Debt | -$213M |
