| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $810M | $852M | $958M | -4.8% | -15.4% |
| Op. Income | $6M | -$92M | $39M | 106.0% | -85.8% |
| Gross Margin | 23.9% | 18.9% | 27.1% | 5.0pp | -3.2pp |
| Net Margin | -6.1% | -23.4% | -0.2% | 17.2pp | -5.9pp |
| EPS (Diluted) | $-0.63 | $-2.52 | $-0.03 | 75.0% | -2000.0% |
| Free Cash Flow | -$182M | -$85M | -$153M | -115.3% | -19.0% |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $617M |
| GROSS PROFIT | $194M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | -$2M |
| Operating Expenses | $188M |
| Cost & Expenses | $805M |
| OPERATING INCOME | $6M |
| Interest Income | $4M |
| Interest Expense | $51M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $30M |
| EBIT | $5M |
| EBITDA | $35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$158M |
| OPERATING CASH FLOW | -$176M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$119M |
| Sales/Maturities of Investments | $134M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$900.0K |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | -$182M |
| Net Change in Cash | -$122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $15M |
| Net Receivables | $538M |
| Inventory | $666M |
| Other Current Assets | $284M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $112M |
| Goodwill | $650M |
| Intangible Assets | $211M |
| Long-Term Investments | $7M |
| Tax Assets | $115M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $624M |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $316M |
| Other Current Liabilities | $409M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $209M |
| TOTAL NON-CURRENT LIABILITIES | $324M |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $120M |
| Additional Paid-In Capital | $828M |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$586M |
| Accum. Other Comp. Income | -$437M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.3B |
| Minority Interest | $12M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
