| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $900M | $786M | $932M | 14.6% | -3.4% |
| Op. Income | -$129M | -$271M | -$3M | 52.5% | -3712.6% |
| Gross Margin | -6.2% | -25.2% | 8.7% | 18.9pp | -14.9pp |
| Net Margin | -10.9% | -26.8% | 0.1% | 15.9pp | -11.1pp |
| EPS (Diluted) | $-1.78 | $-3.80 | $0.02 | 53.2% | -9000.0% |
| Free Cash Flow | $81M | $80M | $99M | 2.4% | -17.8% |
| Item | Amount |
|---|---|
| REVENUE | $900M |
| Cost of Revenue | $956M |
| GROSS PROFIT | -$56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $73M |
| Operating Expenses | $73M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$129M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$129M |
| Income Tax Expense | -$31M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $19M |
| EBIT | -$125M |
| EBITDA | -$106M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $138M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$760M |
| Sales/Maturities of Investments | $755M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$210.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $101M |
| Net Receivables | $723M |
| Inventory | $0 |
| Other Current Assets | -$1.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $213M |
| Goodwill | $43M |
| Intangible Assets | $9M |
| Long-Term Investments | $4.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $6.5B |
| Account Payables | $155M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$155M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $373M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$400M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $4.9B |
| 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 | $6.5B |
| Total Debt | $400M |
| Net Debt | $64M |
