| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $532M | $651M | $738M | -18.4% | -28.0% |
| Op. Income | -$5M | -$110M | $158M | 95.6% | -103.1% |
| Gross Margin | 31.4% | 12.1% | 43.0% | 19.3pp | -11.6pp |
| Net Margin | 1.3% | -19.0% | 14.3% | 20.4pp | -13.0pp |
| EPS (Diluted) | $0.06 | $-1.41 | $1.06 | 104.6% | -93.9% |
| Free Cash Flow | $26M | $194M | $429M | -86.6% | -93.9% |
| Item | Amount |
|---|---|
| REVENUE | $532M |
| Cost of Revenue | $365M |
| GROSS PROFIT | $167M |
| R&D Expenses | $571.0K |
| Selling & Marketing | $21M |
| General & Administrative | $81M |
| SG&A Expenses | $102M |
| Other Expenses | $70M |
| Operating Expenses | $172M |
| Cost & Expenses | $536M |
| OPERATING INCOME | -$5M |
| Interest Income | $12M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $11M |
| EBIT | $14M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $63M |
| Change in Working Capital | -$119M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $252.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $252.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$130M |
| NET CASH FROM FINANCING | -$177M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $653M |
| Short-Term Investments | $319M |
| Net Receivables | $632M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $643M |
| Goodwill | $394M |
| Intangible Assets | $45.0K |
| Long-Term Investments | $658M |
| Tax Assets | $508M |
| Other Non-Current Assets | $454M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $581M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $203M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$938M |
| Accum. Other Comp. Income | -$293M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $361M |
| Minority Interest | $140M |
| TOTAL EQUITY | $501M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.2B |
| Net Debt | $1.5B |
