| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $764M | — | $930M | — | -17.8% |
| Op. Income | -$346M | — | $192M | — | -280.0% |
| Gross Margin | 40.4% | — | 70.9% | — | -30.5pp |
| Net Margin | -38.9% | — | 13.4% | — | -52.4pp |
| EPS (Diluted) | $-1.81 | — | $0.75 | — | -341.3% |
| Free Cash Flow | -$373M | — | -$138M | — | -169.4% |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $456M |
| GROSS PROFIT | $308M |
| R&D Expenses | $25M |
| Selling & Marketing | $484M |
| General & Administrative | $101M |
| SG&A Expenses | $585M |
| Other Expenses | $45M |
| Operating Expenses | $654M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$346M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$390M |
| Income Tax Expense | -$92M |
| Net Income from Continuing Ops | -$298M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$298M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$298M |
| D&A | $25M |
| EBIT | -$346M |
| EBITDA | -$321M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$298M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$93M |
| Other Non-Cash Items | $59M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | -$338M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $238M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $235M |
| FREE CASH FLOW | -$373M |
| Net Change in Cash | -$145M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $248M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $403M |
| PP&E (Net) | $70M |
| Goodwill | $29M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $741M |
| TOTAL NON-CURRENT ASSETS | $887M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $25M |
| Short-Term Debt | $7M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $698M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $785M |
| TOTAL LIABILITIES | $899M |
| Common Stock | $2M |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$177M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $391M |
| Minority Interest | $0 |
| TOTAL EQUITY | $391M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $745M |
| Net Debt | $604M |
