| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | — | $4.9B | — | -0.7% |
| Op. Income | -$963M | — | -$682M | — | -41.3% |
| Gross Margin | 43.9% | — | 42.1% | — | 1.7pp |
| Net Margin | -24.1% | — | -15.9% | — | -8.2pp |
| EPS (Diluted) | $-1.25 | — | $-0.88 | — | -42.7% |
| Free Cash Flow | -$399M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $490M |
| Selling & Marketing | $1.3B |
| General & Administrative | $159M |
| SG&A Expenses | $1.4B |
| Other Expenses | $1.2B |
| Operating Expenses | $3.1B |
| Cost & Expenses | $5.8B |
| OPERATING INCOME | -$963M |
| Interest Income | $28M |
| Interest Expense | $110M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | -$1.0B |
| Income Tax Expense | $123M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | -$1M |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $208M |
| EBIT | -$962M |
| EBITDA | -$755M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $345M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $129M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | $408M |
| OPERATING CASH FLOW | -$200M |
| Capital Expenditure | -$199M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$205M |
| Net Debt Issuance | -$33M |
| Common Stock Repurchased | -$111M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$144M |
| FREE CASH FLOW | -$399M |
| Net Change in Cash | -$546M |
| Item | Amount |
|---|---|
| Cash & Equivalents | -$2.2B |
| Short-Term Investments | $4.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.2B |
| TOTAL NON-CURRENT ASSETS | -$2.2B |
| TOTAL ASSETS | $0 |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $0 |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14.1B |
| Other Equity | $39M |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $0 |
| Net Debt | $2.2B |
