| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $794M | $765M | 26.3% | 31.1% |
| Op. Income | -$1.7B | $1M | $164M | -169700.0% | -1134.1% |
| Gross Margin | 46.9% | 42.2% | 44.2% | 4.7pp | 2.7pp |
| Net Margin | -176.4% | -5.3% | 17.0% | -171.1pp | -193.4pp |
| EPS (Diluted) | $-26.48 | $-0.64 | $2.32 | -4037.5% | -1241.4% |
| Free Cash Flow | -$77M | $20M | $41M | -485.0% | -287.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $533M |
| GROSS PROFIT | $470M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $172M |
| Other Expenses | $1.9B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | -$1.7B |
| Interest Income | $4M |
| Interest Expense | $88M |
| Other Income/Expenses | -$95M |
| INCOME BEFORE TAX | -$1.8B |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | -$1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.8B |
| D&A | $101M |
| EBIT | -$1.7B |
| EBITDA | -$1.6B |
| EPS | -$26 |
| EPS Diluted | -$26 |
| Item | Amount |
|---|---|
| Net Income | -$1.8B |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$110M |
| Other Non-Cash Items | $1.9B |
| Change in Working Capital | -$147M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | -$123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $757M |
| Short-Term Investments | $1M |
| Net Receivables | $631M |
| Inventory | $1.0B |
| Other Current Assets | $303M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.6B |
| Intangible Assets | $2.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $314M |
| Short-Term Debt | $88M |
| Deferred Revenue | $85M |
| Other Current Liabilities | $241M |
| TOTAL CURRENT LIABILITIES | $835M |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $628M |
| Other Non-Current Liabilities | $236M |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $431M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $5.2B |
| Net Debt | $4.4B |
