| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.5B | 2.6% | -6.2% |
| Op. Income | -$95M | -$116M | -$90M | 18.2% | -5.5% |
| Gross Margin | 3.1% | 2.7% | 4.9% | 0.4pp | -1.9pp |
| Net Margin | -5.2% | -6.4% | -4.2% | 1.2pp | -1.0pp |
| EPS (Diluted) | $-1.17 | $-1.49 | $-0.97 | 21.5% | -20.6% |
| Free Cash Flow | -$80M | -$34M | $81M | -132.5% | -198.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $91M |
| SG&A Expenses | $91M |
| Other Expenses | $46M |
| Operating Expenses | $137M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$95M |
| Interest Income | $75M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $18M |
| EBIT | -$81M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$546M |
| Sales/Maturities of Investments | $644M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $93M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $230M |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | -$2.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $8.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$9.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $14.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$832M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $6M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$521M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $14.0B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
