| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $658M | $585M | $420M | 12.4% | 56.7% |
| Op. Income | -$70M | -$80M | -$180M | 11.7% | 61.1% |
| Gross Margin | 16.1% | 15.1% | -5.1% | 1.1pp | 21.2pp |
| Net Margin | -28.5% | 8.1% | -58.6% | -36.6pp | 30.1pp |
| EPS (Diluted) | $-0.59 | $0.10 | $-0.77 | -690.0% | 23.4% |
| Free Cash Flow | -$89M | -$156M | -$152M | 43.0% | 41.3% |
| Item | Amount |
|---|---|
| REVENUE | $658M |
| Cost of Revenue | $551M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $728M |
| OPERATING INCOME | -$70M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$111M |
| INCOME BEFORE TAX | -$181M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$186M |
| Net Income from Discontinued Ops | -$284.0K |
| Other Adjustments | $0 |
| NET INCOME | -$187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$193M |
| D&A | $49M |
| EBIT | -$114M |
| EBITDA | -$65M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$187M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$460.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$89M |
| Net Change in Cash | -$194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $992M |
| Short-Term Investments | $0 |
| Net Receivables | $396M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $232M |
| Goodwill | $2.5B |
| Intangible Assets | $412M |
| Long-Term Investments | $22M |
| Tax Assets | $28M |
| Other Non-Current Assets | $414M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $146M |
| Short-Term Debt | $17M |
| Deferred Revenue | $90M |
| Other Current Liabilities | $103M |
| TOTAL CURRENT LIABILITIES | $745M |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $273M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$3.2B |
| Treasury Stock | -$513M |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$617M |
| Minority Interest | $10M |
| TOTAL EQUITY | -$607M |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $4.7B |
| Net Debt | $3.8B |
