| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $486M | — | $525M | — | -7.5% |
| Op. Income | -$107M | — | $33M | — | -429.6% |
| Gross Margin | 25.0% | — | 28.3% | — | -3.4pp |
| Net Margin | -12.1% | — | 4.1% | — | -16.2pp |
| EPS (Diluted) | $-1.30 | — | $0.53 | — | -345.3% |
| Free Cash Flow | -$3M | — | $29M | — | -110.3% |
| Item | Amount |
|---|---|
| REVENUE | $486M |
| Cost of Revenue | $364M |
| GROSS PROFIT | $121M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $101M |
| Operating Expenses | $229M |
| Cost & Expenses | $593M |
| OPERATING INCOME | -$107M |
| Interest Income | $231.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | -$51M |
| Net Income from Continuing Ops | -$58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $20M |
| EBIT | -$16M |
| EBITDA | $4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$80M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $84M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $0 |
| Net Receivables | $298M |
| Inventory | $166M |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $750M |
| PP&E (Net) | $229M |
| Goodwill | $1.1B |
| Intangible Assets | $93M |
| Long-Term Investments | $0 |
| Tax Assets | $181M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $193M |
| Short-Term Debt | $0 |
| Deferred Revenue | $83M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $501M |
| Long-Term Debt | $450M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $240M |
| TOTAL NON-CURRENT LIABILITIES | $750M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$516M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$148M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $27M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $508M |
| Net Debt | $345M |
