| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | — | $3.3B | — | 19.9% |
| Op. Income | -$127M | — | -$208M | — | 38.8% |
| Gross Margin | 54.8% | — | 50.2% | — | 4.5pp |
| Net Margin | -17.2% | — | -10.7% | — | -6.5pp |
| EPS (Diluted) | $-2.75 | — | $-1.41 | — | -94.2% |
| Free Cash Flow | -$331M | — | -$286M | — | -16.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $572M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | -$127M |
| Interest Income | $0 |
| Interest Expense | $350M |
| Other Income/Expenses | -$480M |
| INCOME BEFORE TAX | -$607M |
| Income Tax Expense | $61M |
| Net Income from Continuing Ops | -$667M |
| Net Income from Discontinued Ops | -$11M |
| Other Adjustments | $11M |
| NET INCOME | -$672M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$672M |
| D&A | $539M |
| EBIT | -$257M |
| EBITDA | $282M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$552M |
| Depreciation & Amortization | $539M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$45M |
| Other Non-Cash Items | $65M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$319M |
| Acquisitions (Net) | -$1.7B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$294M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$92M |
| NET CASH FROM FINANCING | $2.2B |
| FREE CASH FLOW | -$331M |
| Net Change in Cash | $182M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $330M |
| Short-Term Investments | $0 |
| Net Receivables | $876M |
| Inventory | $0 |
| Other Current Assets | $492M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $567M |
| Goodwill | $2.8B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $129M |
| Tax Assets | $35M |
| Other Non-Current Assets | $158M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $239M |
| Short-Term Debt | $121M |
| Deferred Revenue | $313M |
| Other Current Liabilities | $182M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $180M |
| Other Non-Current Liabilities | $263M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $94M |
| Other Equity | $2.3B |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $289M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $5.2B |
| Net Debt | $4.9B |
