| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | $2.8B | 1.5% | -18.5% |
| Op. Income | -$257M | $40M | $168M | -742.5% | -253.0% |
| Gross Margin | 27.0% | 29.2% | 29.8% | -2.3pp | -2.8pp |
| Net Margin | -11.9% | 0.8% | 3.4% | -12.7pp | -15.3pp |
| EPS (Diluted) | $-0.60 | $0.05 | $0.22 | -1300.0% | -372.7% |
| Free Cash Flow | $204M | -$198M | $286M | 203.0% | -28.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $616M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $544M |
| Other Expenses | $329M |
| Operating Expenses | $873M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$257M |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | -$349M |
| Income Tax Expense | -$77M |
| Net Income from Continuing Ops | -$272M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$272M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$272M |
| D&A | $74M |
| EBIT | -$285M |
| EBITDA | -$211M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$272M |
| Depreciation & Amortization | $74M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$114M |
| Other Non-Cash Items | $331M |
| Change in Working Capital | $272M |
| OPERATING CASH FLOW | $295M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | -$471M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$95M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$576M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | -$358M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.2B |
| Other Current Assets | $312M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $1.8B |
| Goodwill | $3.3B |
| Intangible Assets | $2.6B |
| Long-Term Investments | $0 |
| Tax Assets | $810M |
| Other Non-Current Assets | $691M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $1.1B |
| Short-Term Debt | $621M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $123M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $520M |
| Other Non-Current Liabilities | $877M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $439M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$623M |
| Accum. Other Comp. Income | -$1.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $6.0B |
| Net Debt | $5.7B |
