| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.4B | -2.2% | -5.6% |
| Op. Income | -$88M | -$95M | -$130M | 7.2% | 32.4% |
| Gross Margin | 6.3% | 3.1% | 2.5% | 3.2pp | 3.8pp |
| Net Margin | -5.5% | -5.2% | -5.3% | -0.3pp | -0.3pp |
| EPS (Diluted) | $-1.19 | $-1.17 | $-1.18 | -1.7% | -0.8% |
| Free Cash Flow | -$84M | -$80M | $52M | -5.0% | -262.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $94M |
| SG&A Expenses | $94M |
| Other Expenses | $80M |
| Operating Expenses | $173M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$88M |
| Interest Income | $78M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $17M |
| EBIT | -$74M |
| EBITDA | -$56M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$488M |
| Sales/Maturities of Investments | $483M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$84M |
| Net Change in Cash | -$99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $357M |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | -$2.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $1.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $7.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$8.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$795M |
| 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 | $11.0B |
| Common Stock | $6M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$847M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
