| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $626M | $410M | — | 52.7% | — |
| Op. Income | $475M | $269M | — | 76.3% | — |
| Gross Margin | 79.9% | 71.6% | — | 8.3pp | — |
| Net Margin | -139.4% | -86.3% | — | -53.1pp | — |
| EPS (Diluted) | $-4.05 | $-1.61 | — | -151.6% | — |
| Free Cash Flow | $118M | $110M | — | 6.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $626M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $500M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $475M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$1.7B |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | -$360M |
| Net Income from Continuing Ops | -$873M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$873M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$873M |
| D&A | $130M |
| EBIT | -$1.2B |
| EBITDA | -$1.1B |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$873M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$360M |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | $214M |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$84M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | -$78M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $46M |
| FREE CASH FLOW | $118M |
| Net Change in Cash | $176M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $221M |
| Short-Term Investments | $0 |
| Net Receivables | $261M |
| Inventory | $5M |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $584M |
| PP&E (Net) | $1.9B |
| Goodwill | $323M |
| Intangible Assets | $85M |
| Long-Term Investments | $179M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.2B |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $107M |
| Short-Term Debt | $268M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $983M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $299M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $2.5B |
| Net Debt | $2.3B |
