| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $2.5B | $1.8B | -53.3% | -35.2% |
| Op. Income | -$554M | $922M | $988M | -160.1% | -156.1% |
| Gross Margin | 76.2% | 79.9% | 87.0% | -3.8pp | -10.8pp |
| Net Margin | -36.8% | 33.6% | 42.8% | -70.5pp | -79.7pp |
| EPS (Diluted) | $-1.98 | $3.62 | $1.95 | -154.7% | -201.5% |
| Free Cash Flow | -$102M | $2.9B | $3.4B | -103.4% | -103.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $278M |
| GROSS PROFIT | $889M |
| R&D Expenses | $571M |
| Selling & Marketing | $200M |
| General & Administrative | $414M |
| SG&A Expenses | $614M |
| Other Expenses | $259M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$554M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$609M |
| Income Tax Expense | -$180M |
| Net Income from Continuing Ops | -$430M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$430M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$430M |
| D&A | $32M |
| EBIT | -$587M |
| EBITDA | -$556M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$430M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $352M |
| Deferred Income Tax | -$183M |
| Other Non-Cash Items | $212M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | -$91M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$186M |
| Purchases of Investments | -$897M |
| Sales/Maturities of Investments | $402M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$692M |
| Net Debt Issuance | $129M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$855M |
| NET CASH FROM FINANCING | -$725M |
| FREE CASH FLOW | -$102M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.1B |
| Short-Term Investments | $180M |
| Net Receivables | $403M |
| Inventory | $0 |
| Other Current Assets | $10.1B |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $157M |
| Goodwill | $1.1B |
| Intangible Assets | $219M |
| Long-Term Investments | $401M |
| Tax Assets | $751M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $20.9B |
| Account Payables | $13M |
| Short-Term Debt | $149M |
| Deferred Revenue | $9.7B |
| Other Current Liabilities | $486M |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $14.4B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $20.9B |
| Total Debt | $3.6B |
| Net Debt | -$2.5B |
