| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $524M | $614M | $1.2B | -14.7% | -56.8% |
| Op. Income | -$106M | -$141M | -$102M | 25.2% | -3.2% |
| Gross Margin | 52.7% | 39.3% | 52.2% | 13.4pp | 0.5pp |
| Net Margin | -36.1% | -19.9% | -3.8% | -16.2pp | -32.4pp |
| EPS (Diluted) | $-1.10 | $-0.72 | $-0.27 | -52.8% | -307.4% |
| Free Cash Flow | -$121M | -$235M | $90M | 48.3% | -234.6% |
| Item | Amount |
|---|---|
| REVENUE | $524M |
| Cost of Revenue | $248M |
| GROSS PROFIT | $276M |
| R&D Expenses | $0 |
| Selling & Marketing | $96M |
| General & Administrative | $286M |
| SG&A Expenses | $382M |
| Other Expenses | $0 |
| Operating Expenses | $382M |
| Cost & Expenses | $630M |
| OPERATING INCOME | -$106M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | -$181M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$187M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$189M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$189M |
| D&A | $21M |
| EBIT | -$152M |
| EBITDA | -$130M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$189M |
| Depreciation & Amortization | $194M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $212M |
| Change in Working Capital | -$216M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$151M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$361M |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | -$1.8B |
| NET CASH FROM INVESTING | -$238M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51M |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | -$121M |
| Net Change in Cash | -$317M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $3.0B |
| Net Receivables | $16M |
| Inventory | $28M |
| Other Current Assets | $219M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $934M |
| Goodwill | $71M |
| Intangible Assets | $6M |
| Long-Term Investments | $438M |
| Tax Assets | $20M |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $956M |
| Other Current Liabilities | $133M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $531M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $577M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $88M |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $680M |
| Net Debt | -$468M |
