| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $801M | $904M | $466M | -11.4% | 72.0% |
| Op. Income | -$152M | -$295M | -$179M | 48.5% | 15.4% |
| Gross Margin | 27.7% | 18.2% | 15.1% | 9.5pp | 12.6pp |
| Net Margin | -20.0% | -32.5% | -39.1% | 12.5pp | 19.1pp |
| EPS (Diluted) | $-1.11 | $-2.04 | $-1.71 | 45.4% | 35.1% |
| Free Cash Flow | -$307M | -$185M | -$167M | -65.8% | -83.7% |
| Item | Amount |
|---|---|
| REVENUE | $801M |
| Cost of Revenue | $579M |
| GROSS PROFIT | $222M |
| R&D Expenses | $42M |
| Selling & Marketing | $52M |
| General & Administrative | $280M |
| SG&A Expenses | $332M |
| Other Expenses | $0 |
| Operating Expenses | $374M |
| Cost & Expenses | $953M |
| OPERATING INCOME | -$152M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$159M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$160M |
| D&A | $8M |
| EBIT | -$155M |
| EBITDA | -$147M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$160M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | -$97M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$257M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $550M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $738M |
| Other Investing Activities | -$155M |
| NET CASH FROM INVESTING | -$155M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$425.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $60M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$307M |
| Net Change in Cash | -$356M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $668M |
| Net Receivables | $28M |
| Inventory | $79M |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $952M |
| PP&E (Net) | $397M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $424M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $301M |
| Short-Term Debt | $464M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $192M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $584 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.9B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $106M |
| Minority Interest | $4M |
| TOTAL EQUITY | $111M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $788M |
| Net Debt | $691M |
