| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $663M | $658M | $441M | 0.9% | 50.4% |
| Op. Income | -$57M | -$70M | -$157M | 19.5% | 63.9% |
| Gross Margin | 17.5% | 16.1% | 0.1% | 1.3pp | 17.3pp |
| Net Margin | -20.4% | -28.5% | -53.3% | 8.1pp | 32.9pp |
| EPS (Diluted) | $-0.41 | $-0.59 | $-0.73 | 30.5% | 43.8% |
| Free Cash Flow | -$123M | -$89M | -$83M | -37.4% | -47.9% |
| Item | Amount |
|---|---|
| REVENUE | $663M |
| Cost of Revenue | $548M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $172M |
| Other Expenses | $0 |
| Operating Expenses | $172M |
| Cost & Expenses | $720M |
| OPERATING INCOME | -$57M |
| Interest Income | $0 |
| Interest Expense | $77M |
| Other Income/Expenses | -$85M |
| INCOME BEFORE TAX | -$141M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | -$446.0K |
| Other Adjustments | $0 |
| NET INCOME | -$135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$141M |
| D&A | $43M |
| EBIT | -$64M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$135M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$102M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$66M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$533.0K |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $556.0K |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | -$123M |
| Net Change in Cash | -$209M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $783M |
| Short-Term Investments | $0 |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $232M |
| Goodwill | $2.5B |
| Intangible Assets | $423M |
| Long-Term Investments | $22M |
| Tax Assets | $36M |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $135M |
| Short-Term Debt | $23M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $114M |
| TOTAL CURRENT LIABILITIES | $738M |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $268M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$3.3B |
| Treasury Stock | -$514M |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$743M |
| Minority Interest | $11M |
| TOTAL EQUITY | -$732M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $4.7B |
| Net Debt | $4.0B |
