| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $991M | $876M | $765M | 13.2% | 29.5% |
| Op. Income | -$373M | -$199M | -$240M | -87.2% | -55.4% |
| Gross Margin | 34.4% | 49.7% | 54.7% | -15.4pp | -20.3pp |
| Net Margin | -38.1% | -22.5% | -32.9% | -15.6pp | -5.1pp |
| EPS (Diluted) | $-1.08 | $-0.57 | $-0.76 | -89.5% | -42.1% |
| Free Cash Flow | -$48M | -$183M | -$47M | 73.6% | -1.7% |
| Item | Amount |
|---|---|
| REVENUE | $991M |
| Cost of Revenue | $650M |
| GROSS PROFIT | $340M |
| R&D Expenses | $202M |
| Selling & Marketing | $141M |
| General & Administrative | $266M |
| SG&A Expenses | $406M |
| Other Expenses | $105M |
| Operating Expenses | $714M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$373M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$377M |
| Income Tax Expense | $64.0K |
| Net Income from Continuing Ops | -$377M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$377M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$377M |
| D&A | $29M |
| EBIT | -$372M |
| EBITDA | -$343M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$377M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $177M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $167M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$118M |
| Purchases of Investments | -$611M |
| Sales/Maturities of Investments | $849M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $97M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $239M |
| Short-Term Investments | $1.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $583M |
| Goodwill | $262M |
| Intangible Assets | $89M |
| Long-Term Investments | $156M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $100M |
| Short-Term Debt | $53M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $808M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $9.9B |
| Retained Earnings | -$8.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $967M |
| Minority Interest | $0 |
| TOTAL EQUITY | $967M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.1B |
| Net Debt | $859M |
