| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $502M | $585M | — | -14.2% | — |
| Op. Income | $41M | $95M | — | -57.5% | — |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1.0% | 5.1% | — | -6.1pp | — |
| EPS (Diluted) | $-0.04 | $0.26 | — | -116.8% | — |
| Free Cash Flow | $95M | $301M | — | -68.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $502M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $399M |
| SG&A Expenses | $399M |
| Other Expenses | $63M |
| Operating Expenses | $461M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $32M |
| EBIT | $72M |
| EBITDA | $104M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$262M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $213.0K |
| NET CASH FROM INVESTING | -$273M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$173M |
| NET CASH FROM FINANCING | -$183M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$350M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $754M |
| Short-Term Investments | $0 |
| Net Receivables | $239M |
| Inventory | $0 |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $164M |
| Goodwill | $1.6B |
| Intangible Assets | $592M |
| Long-Term Investments | $92M |
| Tax Assets | $0 |
| Other Non-Current Assets | $410M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $96M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $259.0K |
| Additional Paid-In Capital | $442M |
| Retained Earnings | $92M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $543M |
| Minority Interest | $398M |
| TOTAL EQUITY | $941M |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $2.2B |
| Net Debt | $1.4B |
