| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $474M | $456M | $466M | 3.8% | 1.6% |
| Op. Income | -$221M | -$162M | -$415M | -36.7% | 46.7% |
| Gross Margin | 74.9% | 74.6% | 78.6% | 0.2pp | -3.8pp |
| Net Margin | -46.6% | -36.6% | -93.7% | -10.0pp | 47.1pp |
| EPS (Diluted) | $-1.28 | $-0.97 | $-2.79 | -32.0% | 54.1% |
| Free Cash Flow | -$26M | -$80M | $95M | 67.5% | -127.3% |
| Item | Amount |
|---|---|
| REVENUE | $474M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $355M |
| R&D Expenses | $88M |
| Selling & Marketing | $284M |
| General & Administrative | $179M |
| SG&A Expenses | $464M |
| Other Expenses | $24M |
| Operating Expenses | $576M |
| Cost & Expenses | $695M |
| OPERATING INCOME | -$221M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$225M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$221M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$221M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$221M |
| D&A | $45M |
| EBIT | -$222M |
| EBITDA | -$177M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$221M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $54M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$142M |
| Purchases of Investments | -$147M |
| Sales/Maturities of Investments | $369M |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | $78M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$544.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $715M |
| Net Receivables | $217M |
| Inventory | $105M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $754M |
| Goodwill | $2.3B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $68M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $214M |
| TOTAL CURRENT LIABILITIES | $517M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $418M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
