| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.2B | -13.1% | 25.2% |
| Op. Income | -$193M | -$189M | -$98M | -2.3% | -96.9% |
| Gross Margin | 47.5% | 46.0% | 53.0% | 1.5pp | -5.4pp |
| Net Margin | 4.5% | -35.9% | -122.4% | 40.5pp | 126.9pp |
| EPS (Diluted) | $0.05 | $-0.49 | $-1.17 | 110.7% | 104.5% |
| Free Cash Flow | $86M | $248M | -$41M | -65.3% | 309.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $791M |
| GROSS PROFIT | $717M |
| R&D Expenses | $458M |
| Selling & Marketing | $287M |
| General & Administrative | $123M |
| SG&A Expenses | $410M |
| Other Expenses | $42M |
| Operating Expenses | $910M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$193M |
| Interest Income | $52M |
| Interest Expense | $0 |
| Other Income/Expenses | $269M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $30M |
| EBIT | -$193M |
| EBITDA | -$163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $135M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$238M |
| Change in Working Capital | $104M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$121M |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | -$183M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $3.1B |
| Net Receivables | $905M |
| Inventory | $0 |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $482M |
| Goodwill | $1.9B |
| Intangible Assets | $372M |
| Long-Term Investments | $2.3B |
| Tax Assets | $41M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $11.0B |
| Account Payables | $535M |
| Short-Term Debt | $0 |
| Deferred Revenue | $324M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $883M |
| Long-Term Debt | $914M |
| Deferred Revenue NC | $232M |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $8.9B |
| Additional Paid-In Capital | $32M |
| Retained Earnings | -$454M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $11.0B |
| Total Debt | $1.4B |
| Net Debt | -$339M |
