| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $677M | $608M | $389M | 11.4% | 73.9% |
| Op. Income | -$49M | -$36M | -$96M | -36.8% | 48.5% |
| Gross Margin | 71.7% | 76.3% | 90.5% | -4.6pp | -18.8pp |
| Net Margin | -7.0% | -5.7% | -24.6% | -1.4pp | 17.6pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $-0.12 | -20.0% | 50.0% |
| Free Cash Flow | -$2.1B | -$2.2B | -$970M | 5.9% | -117.2% |
| Item | Amount |
|---|---|
| REVENUE | $677M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $485M |
| R&D Expenses | $0 |
| Selling & Marketing | $183M |
| General & Administrative | $131M |
| SG&A Expenses | $314M |
| Other Expenses | $221M |
| Operating Expenses | $535M |
| Cost & Expenses | $726M |
| OPERATING INCOME | -$49M |
| Interest Income | $470M |
| Interest Expense | $179M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $50M |
| EBIT | -$49M |
| EBITDA | $801.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $76M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$2.2B |
| OPERATING CASH FLOW | -$2.1B |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$54M |
| Purchases of Investments | -$201M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$268M |
| Net Debt Issuance | $261M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.6B |
| NET CASH FROM FINANCING | $2.9B |
| FREE CASH FLOW | -$2.1B |
| Net Change in Cash | $524M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $239M |
| Net Receivables | $59M |
| Inventory | $0 |
| Other Current Assets | -$59M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $286M |
| Goodwill | $1.6B |
| Intangible Assets | $558M |
| Long-Term Investments | $18.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $952M |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $25.6B |
| Account Payables | $632M |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.7B |
| TOTAL CURRENT LIABILITIES | $13.9B |
| Long-Term Debt | $6.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $20.0B |
| Common Stock | $94.0K |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $25.6B |
| Total Debt | $6.6B |
| Net Debt | $3.6B |
