| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $773M | $629M | $1.2B | 22.8% | -33.8% |
| Op. Income | -$124M | -$555M | -$554M | 77.7% | 77.7% |
| Gross Margin | 67.0% | 86.8% | 76.2% | -19.8pp | -9.2pp |
| Net Margin | -10.2% | -88.5% | -36.8% | 78.3pp | 26.6pp |
| EPS (Diluted) | $-0.34 | $-2.50 | $-1.98 | 86.4% | 82.8% |
| Free Cash Flow | $463M | $3.2B | -$102M | -85.6% | 555.6% |
| Item | Amount |
|---|---|
| REVENUE | $773M |
| Cost of Revenue | $255M |
| GROSS PROFIT | $518M |
| R&D Expenses | $358M |
| Selling & Marketing | $31M |
| General & Administrative | $123M |
| SG&A Expenses | $154M |
| Other Expenses | $129M |
| Operating Expenses | $642M |
| Cost & Expenses | $896M |
| OPERATING INCOME | -$124M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$166M |
| Income Tax Expense | -$87M |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$79M |
| D&A | $41M |
| EBIT | -$144M |
| EBITDA | -$103M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$79M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $283M |
| Deferred Income Tax | -$84M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $315M |
| OPERATING CASH FLOW | $463M |
| Capital Expenditure | -$50.0K |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $111M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $481M |
| NET CASH FROM FINANCING | $460M |
| FREE CASH FLOW | $463M |
| Net Change in Cash | $909M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $303M |
| Net Receivables | $548M |
| Inventory | $0 |
| Other Current Assets | $129.9B |
| TOTAL CURRENT ASSETS | $135.8B |
| PP&E (Net) | $212M |
| Goodwill | $1.1B |
| Intangible Assets | $130M |
| Long-Term Investments | $829M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $139.3B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $129.7B |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $130.2B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $133.6B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $139.3B |
| Total Debt | $3.4B |
| Net Debt | -$1.6B |
