| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $928M | $967M | $1.0B | -4.0% | -9.6% |
| Op. Income | $72M | $109M | $128M | -33.9% | -43.8% |
| Gross Margin | 21.7% | 21.9% | 24.8% | -0.3pp | -3.1pp |
| EPS (Diluted) | $-0.01 | $0.61 | $0.04 | -102.3% | -134.8% |
| Free Cash Flow | -$49M | -$39M | $64M | -25.6% | -176.6% |
| Item | Amount |
|---|---|
| REVENUE | $928M |
| Cost of Revenue | $727M |
| GROSS PROFIT | $201M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $127M |
| Operating Expenses | $129M |
| Cost & Expenses | $856M |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $0 |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $0 |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $53M |
| EBIT | $20M |
| EBITDA | $73M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $519M |
| Short-Term Investments | $0 |
| Net Receivables | $882M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $475M |
| Goodwill | $1.3B |
| Intangible Assets | $331M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $187M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $166M |
| Short-Term Debt | $30M |
| Deferred Revenue | $73M |
| Other Current Liabilities | $249M |
| TOTAL CURRENT LIABILITIES | $895M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $105M |
| Other Non-Current Liabilities | $184M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$475M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.5B |
| Net Debt | $1.0B |
