| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $932M | $915M | $977M | 1.9% | -4.6% |
| Op. Income | $91M | $92M | $90M | -1.1% | 1.1% |
| Gross Margin | 22.3% | 23.1% | 22.8% | -0.7pp | -0.5pp |
| Net Margin | -31.0% | -0.8% | 1.5% | -30.2pp | -32.5pp |
| EPS (Diluted) | $-1.33 | $-0.03 | $0.07 | -4043.3% | -2044.4% |
| Free Cash Flow | -$33M | -$30M | $71M | -10.0% | -146.5% |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $724M |
| GROSS PROFIT | $208M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $115M |
| Operating Expenses | $117M |
| Cost & Expenses | $841M |
| OPERATING INCOME | $91M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$404M |
| INCOME BEFORE TAX | -$313M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | -$289M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$289M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$291M |
| D&A | $81M |
| EBIT | $12M |
| EBITDA | $93M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$289M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $289M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $451M |
| Short-Term Investments | $0 |
| Net Receivables | $882M |
| Inventory | $0 |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $443M |
| Goodwill | $668M |
| Intangible Assets | $289M |
| Long-Term Investments | $0 |
| Tax Assets | $22M |
| Other Non-Current Assets | $189M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $166M |
| Short-Term Debt | $40M |
| Deferred Revenue | $99M |
| Other Current Liabilities | $232M |
| TOTAL CURRENT LIABILITIES | $805M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $172M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.9B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$463M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $617M |
| Minority Interest | $3M |
| TOTAL EQUITY | $620M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.5B |
| Net Debt | $1.1B |
