| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $830M | $1.1B | $944M | -21.7% | -12.1% |
| Op. Income | -$83M | $49M | $36M | -269.2% | -330.4% |
| Gross Margin | 22.3% | 24.4% | 28.9% | -2.0pp | -6.6pp |
| Net Margin | -22.1% | -3.6% | -0.9% | -18.5pp | -21.2pp |
| EPS (Diluted) | $-2.33 | $-0.49 | $-0.10 | -375.5% | -2230.0% |
| Free Cash Flow | -$238M | $375M | -$68M | -163.5% | -251.3% |
| Item | Amount |
|---|---|
| REVENUE | $830M |
| Cost of Revenue | $645M |
| GROSS PROFIT | $185M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $181M |
| Other Expenses | $55M |
| Operating Expenses | $269M |
| Cost & Expenses | $913M |
| OPERATING INCOME | -$83M |
| Interest Income | $1M |
| Interest Expense | $48M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$133M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | -$184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$183M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$183M |
| D&A | $33M |
| EBIT | -$84M |
| EBITDA | -$51M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$184M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60M |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | -$226M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$127M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $71M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $66M |
| FREE CASH FLOW | -$238M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $42M |
| Net Receivables | $550M |
| Inventory | $621M |
| Other Current Assets | $295M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $132M |
| Goodwill | $732M |
| Intangible Assets | $324M |
| Long-Term Investments | $10M |
| Tax Assets | $97M |
| Other Non-Current Assets | $241M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $624M |
| Short-Term Debt | $10M |
| Deferred Revenue | $379M |
| Other Current Liabilities | $649M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $106M |
| Other Non-Current Liabilities | $217M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $120M |
| Additional Paid-In Capital | $820M |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$585M |
| Accum. Other Comp. Income | -$365M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.0B |
| Minority Interest | $8M |
| TOTAL EQUITY | -$1.0B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
