| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | 0.4% | -11.1% |
| Op. Income | -$64M | -$127M | $184M | 49.6% | -134.8% |
| Gross Margin | 60.3% | 62.0% | 66.6% | -1.8pp | -6.4pp |
| Net Margin | 0.3% | -12.8% | 7.0% | 13.1pp | -6.8pp |
| EPS (Diluted) | $0.02 | $-0.88 | $0.54 | 102.2% | -96.5% |
| Free Cash Flow | -$42M | $59M | $111M | -171.2% | -137.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $432M |
| GROSS PROFIT | $655M |
| R&D Expenses | $341M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $719M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$64M |
| Interest Income | $17M |
| Interest Expense | $20M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | -$81M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $107M |
| EBIT | -$58M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $107M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | -$186M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$473M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$517M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $24M |
| Net Receivables | $682M |
| Inventory | $586M |
| Other Current Assets | $386M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.2B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $200M |
| Tax Assets | $0 |
| Other Non-Current Assets | $223M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $242M |
| Short-Term Debt | $828M |
| Deferred Revenue | $258M |
| Other Current Liabilities | $641M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $66M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $588M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.3B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $3.1B |
| Net Debt | $1.6B |
