| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $786M | -2.1% | 37.9% |
| Op. Income | -$61M | -$62M | -$271M | 1.4% | 77.4% |
| Gross Margin | 1.2% | 1.1% | -25.2% | 0.0pp | 26.3pp |
| Net Margin | -3.8% | -4.1% | -26.8% | 0.3pp | 23.0pp |
| EPS (Diluted) | $-0.75 | $-0.82 | $-3.80 | 8.5% | 80.3% |
| Free Cash Flow | $77M | $9M | $80M | 709.6% | -3.4% |
| 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 | $74M |
| Operating Expenses | $74M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$61M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $19M |
| EBIT | -$56M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $29M |
| Purchases of Investments | -$452M |
| Sales/Maturities of Investments | $441M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | -$153.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $358M |
| Short-Term Investments | $190M |
| Net Receivables | $718M |
| Inventory | $0 |
| Other Current Assets | -$1.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $179M |
| 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 | $6.7B |
| Account Payables | $165M |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$240M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $374M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$394M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $99M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $469M |
| Net Debt | $111M |
