| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.6B | $3.3B | 4.4% | 10.9% |
| Op. Income | -$289M | -$182M | -$227M | -58.3% | -27.3% |
| Gross Margin | 24.1% | 25.2% | 24.6% | -1.1pp | -0.5pp |
| Net Margin | -9.5% | -7.4% | -4.4% | -2.1pp | -5.1pp |
| EPS (Diluted) | $-1.66 | $-1.25 | $-0.95 | -32.7% | -75.3% |
| Free Cash Flow | $13M | $67M | $40M | -80.7% | -67.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $896M |
| R&D Expenses | $530M |
| Selling & Marketing | $467M |
| General & Administrative | $188M |
| SG&A Expenses | $655M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | -$289M |
| Interest Income | $35M |
| Interest Expense | $12M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$282M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | -$353M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$353M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$353M |
| D&A | $51M |
| EBIT | -$270M |
| EBITDA | -$219M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$353M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $113M |
| Deferred Income Tax | $71M |
| Other Non-Cash Items | $137M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$18.2K |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $310M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | $132M |
| Net Debt Issuance | -$32M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $1.0B |
| Net Receivables | $749M |
| Inventory | $0 |
| Other Current Assets | $319M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $730M |
| Goodwill | $1.3B |
| Intangible Assets | $123M |
| Long-Term Investments | $1.3B |
| Tax Assets | $18M |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $8.6B |
| Account Payables | $729M |
| Short-Term Debt | $0 |
| Deferred Revenue | $627M |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | -$4.9B |
| Treasury Stock | -$306M |
| Accum. Other Comp. Income | $1.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $8.6B |
| Total Debt | $2.0B |
| Net Debt | -$1.0B |
