| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $856M | $757M | $556M | 13.2% | 54.2% |
| Op. Income | $51M | -$267M | -$39M | 119.2% | 231.3% |
| Gross Margin | 68.7% | 68.1% | 79.5% | 0.6pp | -10.8pp |
| Net Margin | 5.6% | -35.3% | -7.2% | 40.8pp | 12.8pp |
| EPS (Diluted) | $0.04 | $-0.29 | $-0.05 | 112.6% | 167.3% |
| Free Cash Flow | -$285M | -$2.7B | -$2.4B | 89.5% | 88.4% |
| Item | Amount |
|---|---|
| REVENUE | $856M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $589M |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $132M |
| SG&A Expenses | $306M |
| Other Expenses | $231M |
| Operating Expenses | $538M |
| Cost & Expenses | $805M |
| OPERATING INCOME | $51M |
| Interest Income | $645M |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $3M |
| 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 | $38M |
| D&A | $53M |
| EBIT | $51M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $856M |
| Cost of Revenue | $268M |
| GROSS PROFIT | $589M |
| R&D Expenses | $0 |
| Selling & Marketing | $175M |
| General & Administrative | $132M |
| SG&A Expenses | $306M |
| Other Expenses | $231M |
| Operating Expenses | $538M |
| Cost & Expenses | $805M |
| OPERATING INCOME | $51M |
| Interest Income | $645M |
| Interest Expense | $256M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $3M |
| 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 | $38M |
| D&A | $53M |
| EBIT | $51M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $48M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $69M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$54M |
| Change in Working Capital | -$355M |
| OPERATING CASH FLOW | -$248M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$927M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.9B |
| NET CASH FROM FINANCING | $2.0B |
| FREE CASH FLOW | -$285M |
| Net Change in Cash | $319M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $501M |
| Net Receivables | $170M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $307M |
| Goodwill | $1.4B |
| Intangible Assets | $545M |
| Long-Term Investments | $23.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $669M |
| TOTAL NON-CURRENT ASSETS | $26.2B |
| TOTAL ASSETS | $30.1B |
| Account Payables | $160M |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18.6B |
| TOTAL CURRENT LIABILITIES | $19.5B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $24.5B |
| Common Stock | $97.0K |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.6B |
| TOTAL LIABILITIES & EQUITY | $30.1B |
| Total Debt | $5.4B |
| Net Debt | $2.3B |
