| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $876M | — | $609M | — | 43.8% |
| Op. Income | -$199M | — | -$416M | — | 52.1% |
| Gross Margin | 49.7% | — | 32.3% | — | 17.4pp |
| Net Margin | -22.5% | — | -70.2% | — | 47.7pp |
| EPS (Diluted) | $-0.57 | — | $-1.31 | — | 56.5% |
| Free Cash Flow | -$183M | — | -$90M | — | -102.6% |
| Item | Amount |
|---|---|
| REVENUE | $876M |
| Cost of Revenue | $440M |
| GROSS PROFIT | $435M |
| R&D Expenses | $193M |
| Selling & Marketing | $126M |
| General & Administrative | $217M |
| SG&A Expenses | $343M |
| Other Expenses | $99M |
| Operating Expenses | $635M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$199M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$194M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$197M |
| D&A | $32M |
| EBIT | -$190M |
| EBITDA | -$158M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$197M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $154M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$130M |
| OPERATING CASH FLOW | -$152M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | -$662M |
| Sales/Maturities of Investments | $602M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$183M |
| Net Change in Cash | -$242M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $215M |
| Short-Term Investments | $2.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $527M |
| Goodwill | $180M |
| Intangible Assets | $48M |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $96M |
| Short-Term Debt | $56M |
| Deferred Revenue | $108M |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $787M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | -$8.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.1B |
| Net Debt | $880M |
