| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $985M | $435M | $590M | 126.2% | 67.1% |
| Op. Income | -$205M | -$196M | -$337M | -4.2% | 39.3% |
| Gross Margin | 6.3% | 0.9% | -0.0% | 5.4pp | 6.3pp |
| Net Margin | -26.6% | 68.8% | -57.1% | -95.4pp | 30.5pp |
| EPS (Diluted) | $-3.60 | $4.20 | $-4.80 | -185.7% | 25.0% |
| Free Cash Flow | -$128M | -$760M | -$215M | 83.1% | 40.3% |
| Item | Amount |
|---|---|
| REVENUE | $985M |
| Cost of Revenue | $923M |
| GROSS PROFIT | $62M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $239M |
| SG&A Expenses | $239M |
| Other Expenses | -$20M |
| Operating Expenses | $267M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$205M |
| Interest Income | $11M |
| Interest Expense | $118M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$258M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$262M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2.0K |
| NET INCOME | -$262M |
| Net Income Deductions | $12M |
| BOTTOM LINE NET INCOME | -$274M |
| D&A | $185M |
| EBIT | -$293M |
| EBITDA | -$274M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$262M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $115M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $117M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $122M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $974M |
| Short-Term Investments | $0 |
| Net Receivables | $319M |
| Inventory | $658M |
| Other Current Assets | $193M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $355M |
| Goodwill | $46M |
| Intangible Assets | $1.4B |
| Long-Term Investments | $2M |
| Tax Assets | $8M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $41M |
| Other Current Liabilities | $328M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $50M |
| Deferred Tax Liabilities | $476.0K |
| Other Non-Current Liabilities | $738M |
| TOTAL NON-CURRENT LIABILITIES | $824M |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $21M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $49M |
| TOTAL STOCKHOLDERS' EQUITY | -$133M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$133M |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $1.5B |
| Net Debt | $479M |
