| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $740M | $738M | $663M | 0.4% | 11.6% |
| Op. Income | $52M | -$42M | -$57M | 223.7% | 192.3% |
| Gross Margin | 27.4% | 18.6% | 17.5% | 8.8pp | 9.9pp |
| Net Margin | -28.1% | -16.8% | -20.4% | -11.3pp | -7.7pp |
| EPS (Diluted) | $-0.60 | $-0.37 | $-0.41 | -62.2% | -46.3% |
| Free Cash Flow | $39M | -$57M | -$123M | 168.6% | 131.8% |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $538M |
| GROSS PROFIT | $203M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $688M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$252M |
| INCOME BEFORE TAX | -$199M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$208M |
| Net Income from Discontinued Ops | -$116.0K |
| Other Adjustments | $0 |
| NET INCOME | -$208M |
| Net Income Deductions | $4M |
| BOTTOM LINE NET INCOME | -$212M |
| D&A | $37M |
| EBIT | -$80M |
| EBITDA | -$43M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$208M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $186M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$68.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$137M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$651.0K |
| NET CASH FROM FINANCING | -$143M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $602M |
| Short-Term Investments | $0 |
| Net Receivables | $393M |
| Inventory | $0 |
| Other Current Assets | $201M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $234M |
| Goodwill | $2.6B |
| Intangible Assets | $386M |
| Long-Term Investments | $22M |
| Tax Assets | $31M |
| Other Non-Current Assets | $322M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $215M |
| Short-Term Debt | $4M |
| Deferred Revenue | $91M |
| Other Current Liabilities | $121M |
| TOTAL CURRENT LIABILITIES | $908M |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $256M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $4M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$4.0B |
| Treasury Stock | -$520M |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.3B |
| Minority Interest | $27M |
| TOTAL EQUITY | -$1.3B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $4.8B |
| Net Debt | $4.2B |
