| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $974M | $843M | 3.3% | 19.3% |
| Op. Income | -$1M | $55M | $240M | -101.8% | -100.4% |
| Gross Margin | 32.3% | 39.5% | 57.2% | -7.1pp | -24.9pp |
| Net Margin | -0.1% | 4.5% | 21.8% | -4.5pp | -21.8pp |
| EPS (Diluted) | $-0.01 | $0.37 | $0.93 | -101.9% | -100.8% |
| Free Cash Flow | $82M | $161M | $56M | -49.1% | 45.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $681M |
| GROSS PROFIT | $325M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $326M |
| Operating Expenses | $326M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$200.0K |
| Net Income from Continuing Ops | -$800.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$800.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$800.0K |
| D&A | $66M |
| EBIT | $54M |
| EBITDA | $119M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$800.0K |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$150M |
| Change in Working Capital | $173M |
| OPERATING CASH FLOW | $82M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $763M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$407M |
| Net Debt Issuance | $161M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $76M |
| NET CASH FROM FINANCING | $202M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | -$123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $21.1B |
| Net Receivables | $5.2B |
| Inventory | $0 |
| Other Current Assets | -$26.7B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$22.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $34.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$4.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $32.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $34.0B |
| Total Debt | $4.0B |
| Net Debt | $3.6B |
