| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $805M | -3.9% | 37.4% |
| Op. Income | -$62M | -$17M | -$253M | -258.0% | 75.5% |
| Gross Margin | 1.1% | 5.1% | -22.2% | -3.9pp | 23.3pp |
| Net Margin | -4.1% | -0.6% | -24.4% | -3.5pp | 20.4pp |
| EPS (Diluted) | $-0.82 | $-0.12 | $-3.56 | -583.3% | 77.0% |
| Free Cash Flow | $9M | $58M | $98M | -83.6% | -90.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $75M |
| Operating Expenses | $75M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$62M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $17M |
| EBIT | -$57M |
| EBITDA | -$40M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$497M |
| Sales/Maturities of Investments | $471M |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $147M |
| Net Receivables | $695M |
| Inventory | $0 |
| Other Current Assets | -$1.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $176M |
| Goodwill | $43M |
| Intangible Assets | $9M |
| Long-Term Investments | $5.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.2B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.6B |
| Account Payables | $151M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$151M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $448M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$468M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $468M |
| Net Debt | $197M |
