| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | — | -20.0% | — |
| Op. Income | -$202M | -$136M | — | -47.7% | — |
| Gross Margin | 0.5% | -0.2% | — | 0.6pp | — |
| Net Margin | -8.3% | -6.5% | — | -1.8pp | — |
| EPS (Diluted) | $-0.26 | $-0.20 | — | -29.4% | — |
| Free Cash Flow | $743M | -$707M | — | 205.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $151M |
| General & Administrative | $57M |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $208M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$202M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$230M |
| Income Tax Expense | -$117M |
| Net Income from Continuing Ops | -$114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$114M |
| D&A | $222M |
| EBIT | -$204M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$114M |
| Depreciation & Amortization | $222M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$117M |
| Other Non-Cash Items | -$151M |
| Change in Working Capital | $1.4B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$466M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $743M |
| Net Change in Cash | -$337M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $1.1B |
| Net Receivables | $51M |
| Inventory | $5M |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $10.8B |
| Goodwill | $0 |
| Intangible Assets | $171M |
| Long-Term Investments | $0 |
| Tax Assets | $49M |
| Other Non-Current Assets | $301M |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $17.7B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $312M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $8M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.5B |
| Other Equity | $40M |
| TOTAL STOCKHOLDERS' EQUITY | $6.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $17.7B |
| Total Debt | $5.9B |
| Net Debt | $2.8B |
