| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | — | $2.8B | — | -19.2% |
| Op. Income | $40M | — | $281M | — | -85.8% |
| Gross Margin | 29.2% | — | 30.4% | — | -1.2pp |
| Net Margin | 0.8% | — | 6.8% | — | -6.0pp |
| EPS (Diluted) | $0.05 | — | $0.44 | — | -88.6% |
| Free Cash Flow | -$198M | — | $347M | — | -157.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $467M |
| Other Expenses | $151M |
| Operating Expenses | $618M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | -$60M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $75M |
| EBIT | $16M |
| EBITDA | $91M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | -$15M |
| Deferred Income Tax | -$97M |
| Other Non-Cash Items | $144M |
| Change in Working Capital | -$243M |
| OPERATING CASH FLOW | -$117M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | $618M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$95M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $529M |
| FREE CASH FLOW | -$198M |
| Net Change in Cash | $323M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $636M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $2.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.3B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $0 |
| Tax Assets | $778M |
| Other Non-Current Assets | $874M |
| TOTAL NON-CURRENT ASSETS | $9.5B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $123M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $641M |
| Other Non-Current Liabilities | $872M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $439M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | -$2.1B |
| Treasury Stock | -$623M |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $6.5B |
| Net Debt | $5.8B |
