| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.5B | $1.3B | 12.3% | 30.8% |
| Op. Income | -$1.6B | -$193M | -$190M | -747.7% | -761.1% |
| Gross Margin | 49.3% | 47.5% | 50.7% | 1.7pp | -1.4pp |
| Net Margin | -77.4% | 4.5% | -93.0% | -81.9pp | 15.6pp |
| EPS (Diluted) | $-1.02 | $0.05 | $-0.95 | -2039.2% | -7.4% |
| Free Cash Flow | $97M | $86M | -$87M | 12.8% | 211.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $859M |
| GROSS PROFIT | $835M |
| R&D Expenses | $648M |
| Selling & Marketing | $321M |
| General & Administrative | $131M |
| SG&A Expenses | $452M |
| Other Expenses | $1.4B |
| Operating Expenses | $2.5B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | -$1.6B |
| Interest Income | $58M |
| Interest Expense | $0 |
| Other Income/Expenses | $335M |
| INCOME BEFORE TAX | -$1.3B |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.3B |
| D&A | $17M |
| EBIT | -$296M |
| EBITDA | -$279M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.3B |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $280M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $118M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$204M |
| NET CASH FROM INVESTING | -$273M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | -$127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $3.2B |
| Net Receivables | $981M |
| Inventory | $0 |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $170M |
| Goodwill | $427M |
| Intangible Assets | $26M |
| Long-Term Investments | $3.1B |
| Tax Assets | $39M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $554M |
| Short-Term Debt | $0 |
| Deferred Revenue | $310M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $880M |
| Long-Term Debt | $914M |
| Deferred Revenue NC | $236M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.0B |
| Additional Paid-In Capital | $205M |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.5B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $1.1B |
| Net Debt | -$477M |
