| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.2B | $1.7B | 24.2% | -10.3% |
| Op. Income | -$170M | -$189M | $194M | 10.1% | -187.2% |
| Gross Margin | 60.0% | 61.0% | 56.9% | -1.0pp | 3.1pp |
| Net Margin | -11.4% | -19.4% | 7.7% | 8.0pp | -19.1pp |
| EPS (Diluted) | $-1.23 | $-1.69 | $0.93 | 27.2% | -232.3% |
| Free Cash Flow | $167M | -$29M | $60M | 687.4% | 181.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $601M |
| GROSS PROFIT | $902M |
| R&D Expenses | $77M |
| Selling & Marketing | $82M |
| General & Administrative | $352M |
| SG&A Expenses | $434M |
| Other Expenses | $561M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$170M |
| Interest Income | $4M |
| Interest Expense | $47M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | -$215M |
| Income Tax Expense | -$45M |
| Net Income from Continuing Ops | -$170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$171M |
| D&A | $121M |
| EBIT | -$168M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$171M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $488M |
| Change in Working Capital | -$200M |
| OPERATING CASH FLOW | $216M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$122M |
| FREE CASH FLOW | $167M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $618M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $475M |
| Goodwill | $3.2B |
| Intangible Assets | $655M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $732M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $371M |
| Short-Term Debt | $60M |
| Deferred Revenue | $112M |
| Other Current Liabilities | $690M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $438M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $110M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | -$208M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $25M |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $3.7B |
| Net Debt | $3.6B |
