| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $989M | $1.3B | $1.1B | -23.9% | -7.0% |
| Op. Income | -$365M | -$288M | -$272M | -27.0% | -34.5% |
| Gross Margin | 55.5% | 63.0% | 60.4% | -7.5pp | -4.9pp |
| Net Margin | -33.2% | -22.2% | -33.8% | -11.1pp | 0.6pp |
| EPS (Diluted) | $-0.21 | $-0.18 | $-0.22 | -16.7% | 4.5% |
| Free Cash Flow | $103M | $78M | $106M | 32.0% | -2.6% |
| Item | Amount |
|---|---|
| REVENUE | $989M |
| Cost of Revenue | $440M |
| GROSS PROFIT | $549M |
| R&D Expenses | $455M |
| Selling & Marketing | $268M |
| General & Administrative | $190M |
| SG&A Expenses | $459M |
| Other Expenses | $0 |
| Operating Expenses | $914M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$365M |
| Interest Income | $38M |
| Interest Expense | $6M |
| Other Income/Expenses | $43M |
| INCOME BEFORE TAX | -$322M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$329M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$329M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$329M |
| D&A | $35M |
| EBIT | -$316M |
| EBITDA | -$281M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$329M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $315M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $149M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$879M |
| Sales/Maturities of Investments | $930M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $2.5B |
| Net Receivables | $893M |
| Inventory | $0 |
| Other Current Assets | $147M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $658M |
| Goodwill | $1.6B |
| Intangible Assets | $187M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $252M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $142M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $106M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $13.6B |
| Retained Earnings | -$10.5B |
| Treasury Stock | -$497M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $4.2B |
| Net Debt | $2.6B |
