| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.8B | — | 8.3% | — |
| Op. Income | -$401M | $122M | — | -428.7% | — |
| Gross Margin | -6.2% | 11.7% | — | -17.9pp | — |
| Net Margin | -10.4% | 4.3% | — | -14.7pp | — |
| EPS (Diluted) | $-8.22 | $3.11 | — | -364.3% | — |
| Free Cash Flow | $1.1B | $716M | — | 56.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | -$191M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $194M |
| Operating Expenses | $210M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | -$401M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$401M |
| Income Tax Expense | -$82M |
| Net Income from Continuing Ops | -$319M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$319M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$319M |
| D&A | $0 |
| EBIT | -$376M |
| EBITDA | -$376M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$319M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $177M |
| Change in Working Capital | $1.2B |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.1B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $426M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$59M |
| Common Dividends Paid | -$65M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$133M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$437M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $22.5B |
| Net Receivables | $6.2B |
| Inventory | $0 |
| Other Current Assets | -$30.9B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$23.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $38.1B |
| Account Payables | $511M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3.0B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $3.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$3.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $30.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $11.6B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | -$2.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $38.1B |
| Total Debt | $5.4B |
| Net Debt | $3.8B |
