| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $986M | $977M | $1.0B | 0.9% | -5.9% |
| Op. Income | $80M | $90M | $110M | -11.1% | -27.3% |
| Gross Margin | 20.7% | 22.8% | 23.4% | -2.1pp | -2.7pp |
| Net Margin | -33.8% | 1.5% | -3.8% | -35.3pp | -30.0pp |
| EPS (Diluted) | $-1.54 | $0.07 | $-0.20 | -2351.5% | -670.0% |
| Free Cash Flow | $21M | $71M | $57M | -70.4% | -63.2% |
| Item | Amount |
|---|---|
| REVENUE | $986M |
| Cost of Revenue | $782M |
| GROSS PROFIT | $204M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $122M |
| Operating Expenses | $124M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $80M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$445M |
| INCOME BEFORE TAX | -$365M |
| Income Tax Expense | -$32M |
| Net Income from Continuing Ops | -$333M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$333M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$336M |
| D&A | $62M |
| EBIT | $12M |
| EBITDA | $74M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$333M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $302M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $582M |
| Short-Term Investments | $0 |
| Net Receivables | $852M |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $463M |
| Goodwill | $955M |
| Intangible Assets | $338M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $228M |
| Short-Term Debt | $35M |
| Deferred Revenue | $81M |
| Other Current Liabilities | $250M |
| TOTAL CURRENT LIABILITIES | $923M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $83M |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$466M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $917M |
| Minority Interest | $0 |
| TOTAL EQUITY | $917M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.5B |
| Net Debt | $947M |
