| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $969M | $810M | $1.1B | 19.5% | -8.6% |
| Op. Income | -$42M | $6M | $49M | -869.1% | -185.8% |
| Gross Margin | 22.4% | 23.9% | 24.4% | -1.5pp | -1.9pp |
| Net Margin | -15.4% | -6.1% | -3.6% | -9.3pp | -11.8pp |
| EPS (Diluted) | $-1.89 | $-0.63 | $-0.49 | -200.0% | -285.7% |
| Free Cash Flow | $56M | -$182M | $375M | 130.6% | -85.2% |
| Item | Amount |
|---|---|
| REVENUE | $969M |
| Cost of Revenue | $751M |
| GROSS PROFIT | $217M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $184M |
| Other Expenses | $47M |
| Operating Expenses | $260M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$42M |
| Interest Income | $4M |
| Interest Expense | $51M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | -$122M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | -$152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$149M |
| D&A | $31M |
| EBIT | -$76M |
| EBITDA | -$45M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$149M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $185M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $120M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $116M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $25M |
| Net Receivables | $612M |
| Inventory | $588M |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $229M |
| Goodwill | $702M |
| Intangible Assets | $258M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $612M |
| Short-Term Debt | $24M |
| Deferred Revenue | $453M |
| Other Current Liabilities | $369M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $97M |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $120M |
| Additional Paid-In Capital | $832M |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$586M |
| Accum. Other Comp. Income | -$360M |
| Other Equity | $20M |
| TOTAL STOCKHOLDERS' EQUITY | -$1.4B |
| Minority Interest | $10M |
| TOTAL EQUITY | -$1.4B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $2.7B |
| Net Debt | $2.4B |
