| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $1.7B | -3.6% | 34.1% |
| Op. Income | -$242M | $43M | -$367M | -662.8% | 34.1% |
| Gross Margin | 18.6% | 27.5% | 9.6% | -8.9pp | 9.0pp |
| Net Margin | -8.2% | 1.0% | -14.7% | -9.2pp | 6.4pp |
| EPS (Diluted) | $-0.59 | $0.07 | $-0.80 | -906.0% | 26.3% |
| Free Cash Flow | $233M | -$266M | $113M | 187.6% | 106.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $434M |
| R&D Expenses | $0 |
| Selling & Marketing | $76M |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $600M |
| Operating Expenses | $676M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | -$242M |
| Interest Income | $12M |
| Interest Expense | $41M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$266M |
| Income Tax Expense | -$74M |
| Net Income from Continuing Ops | -$192M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$192M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$192M |
| D&A | $151M |
| EBIT | -$130M |
| EBITDA | $21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$192M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$78M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $520M |
| OPERATING CASH FLOW | $405M |
| Capital Expenditure | -$172M |
| Acquisitions (Net) | -$33M |
| Purchases of Investments | -$106M |
| Sales/Maturities of Investments | $271M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$71M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $233M |
| Net Change in Cash | $291M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $204M |
| Net Receivables | $331M |
| Inventory | $76M |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $9.8B |
| Goodwill | $0 |
| Intangible Assets | $310M |
| Long-Term Investments | $153M |
| Tax Assets | $0 |
| Other Non-Current Assets | $871M |
| TOTAL NON-CURRENT ASSETS | $11.1B |
| TOTAL ASSETS | $13.2B |
| Account Payables | $626M |
| Short-Term Debt | $263M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $731M |
| Deferred Tax Liabilities | $692M |
| Other Non-Current Liabilities | $489M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $9.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $4.3B |
| Net Debt | $3.0B |
