| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.7B | — | -29.3% | — |
| Op. Income | -$563M | $388M | — | -245.0% | — |
| Gross Margin | 19.9% | 35.1% | — | -15.1pp | — |
| Net Margin | -37.4% | 16.5% | — | -53.9pp | — |
| EPS (Diluted) | $-8.01 | $4.94 | — | -262.1% | — |
| Free Cash Flow | $430M | -$397M | — | 208.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $237M |
| R&D Expenses | $10M |
| Selling & Marketing | $30M |
| General & Administrative | $88M |
| SG&A Expenses | $118M |
| Other Expenses | $671M |
| Operating Expenses | $799M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$563M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$577M |
| Income Tax Expense | -$133M |
| Net Income from Continuing Ops | -$444M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$444M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$444M |
| D&A | $27M |
| EBIT | -$546M |
| EBITDA | -$519M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$444M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$133M |
| Other Non-Cash Items | $597M |
| Change in Working Capital | $410M |
| OPERATING CASH FLOW | $463M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$337M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$36M |
| Other Financing Activities | $800.0K |
| NET CASH FROM FINANCING | -$373M |
| FREE CASH FLOW | $430M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $675M |
| Inventory | $1.4B |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $625M |
| Goodwill | $255M |
| Intangible Assets | $627M |
| Long-Term Investments | $208M |
| Tax Assets | $0 |
| Other Non-Current Assets | $690M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $291M |
| Short-Term Debt | $322M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $459M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $362M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$125M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $418M |
| Minority Interest | $0 |
| TOTAL EQUITY | $418M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $3.5B |
| Net Debt | $3.4B |
