| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.3B | $2.9B | 6.0% | 21.4% |
| Op. Income | -$267M | -$227M | $88M | -17.5% | -404.0% |
| Gross Margin | 24.7% | 24.6% | 26.7% | 0.1pp | -2.0pp |
| Net Margin | -5.5% | -4.4% | 0.1% | -1.1pp | -5.5pp |
| EPS (Diluted) | $-1.18 | $-0.95 | $-0.41 | -24.7% | -188.6% |
| Free Cash Flow | $41M | $40M | $115M | 2.9% | -64.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $877M |
| R&D Expenses | $451M |
| Selling & Marketing | $505M |
| General & Administrative | $187M |
| SG&A Expenses | $692M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | -$267M |
| Interest Income | $18M |
| Interest Expense | $13M |
| Other Income/Expenses | $98M |
| INCOME BEFORE TAX | -$168M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | -$194M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$194M |
| Net Income Deductions | $33M |
| BOTTOM LINE NET INCOME | -$227M |
| D&A | $51M |
| EBIT | -$156M |
| EBITDA | -$104M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$194M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $126M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | -$102M |
| Change in Working Capital | $139M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$125M |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $956M |
| Net Receivables | $762M |
| Inventory | $0 |
| Other Current Assets | $402M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $979M |
| Goodwill | $1.5B |
| Intangible Assets | $179M |
| Long-Term Investments | $812M |
| Tax Assets | $9M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $815M |
| Short-Term Debt | $0 |
| Deferred Revenue | $612M |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $6.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | -$4.0B |
| Treasury Stock | -$307M |
| Accum. Other Comp. Income | $1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.1B |
| Net Debt | -$1.2B |
