| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | $773M | $808M | -8.4% | -12.4% |
| Op. Income | -$74M | -$124M | -$1.0B | 40.6% | 93.0% |
| Gross Margin | 61.8% | 67.0% | 79.3% | -5.2pp | -17.5pp |
| Net Margin | -13.8% | -10.2% | -135.3% | -3.5pp | 121.5pp |
| EPS (Diluted) | $-0.42 | $-0.34 | $-4.98 | -23.5% | 91.6% |
| Free Cash Flow | $151M | $463M | -$377M | -67.4% | 140.1% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $438M |
| R&D Expenses | $321M |
| Selling & Marketing | $45M |
| General & Administrative | $136M |
| SG&A Expenses | $181M |
| Other Expenses | $10M |
| Operating Expenses | $511M |
| Cost & Expenses | $781M |
| OPERATING INCOME | -$74M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | -$97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$97M |
| Net Income Deductions | $196.0K |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $37M |
| EBIT | -$57M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$97M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $200M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$50.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.6B |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $151M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $316M |
| Net Receivables | $492M |
| Inventory | $0 |
| Other Current Assets | $128.2B |
| TOTAL CURRENT ASSETS | $134.3B |
| PP&E (Net) | $204M |
| Goodwill | $1.1B |
| Intangible Assets | $108M |
| Long-Term Investments | $790M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $137.7B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $128.1B |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $128.5B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $131.9B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $137.7B |
| Total Debt | $3.4B |
| Net Debt | -$1.8B |
