| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | — | $4.6B | — | -1.7% |
| Op. Income | -$1.1B | — | -$4.2B | — | 74.4% |
| Gross Margin | 60.9% | — | 64.8% | — | -3.9pp |
| Net Margin | -25.8% | — | -96.1% | — | 70.3pp |
| EPS (Diluted) | $-7.35 | — | $-28.05 | — | 73.8% |
| Free Cash Flow | $282M | — | $106M | — | 166.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.6B |
| Other Expenses | $847M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $58M |
| Interest Expense | $77M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $432M |
| EBIT | -$1.0B |
| EBITDA | -$608M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $432M |
| Stock-Based Compensation | $380M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $950M |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | $478M |
| Capital Expenditure | -$195M |
| Acquisitions (Net) | -$29M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$231M |
| Net Debt Issuance | -$1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $282M |
| Net Change in Cash | -$963M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $6M |
| Net Receivables | $752M |
| Inventory | $587M |
| Other Current Assets | $216M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.6B |
| Goodwill | $2.5B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $196M |
| Tax Assets | $0 |
| Other Non-Current Assets | $217M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $245M |
| Short-Term Debt | $0 |
| Deferred Revenue | $252M |
| Other Current Liabilities | $223M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $620M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$19M |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $2.3B |
| Net Debt | $1.2B |
