| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.5B | $3.1B | 4.3% | 17.7% |
| Op. Income | -$270M | -$267M | -$8M | -1.3% | -3200.0% |
| Gross Margin | 25.3% | 24.7% | 26.5% | 0.6pp | -1.2pp |
| Net Margin | -8.5% | -5.5% | -1.5% | -3.1pp | -7.1pp |
| EPS (Diluted) | $-1.54 | $-1.18 | $-0.22 | -30.7% | -594.7% |
| Free Cash Flow | -$88M | $41M | $120M | -314.3% | -172.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $937M |
| R&D Expenses | $485M |
| Selling & Marketing | $530M |
| General & Administrative | $192M |
| SG&A Expenses | $721M |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $4.0B |
| OPERATING INCOME | -$270M |
| Interest Income | $26M |
| Interest Expense | $32M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | -$340M |
| Income Tax Expense | -$25M |
| Net Income from Continuing Ops | -$316M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$316M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | -$298M |
| D&A | $58M |
| EBIT | -$309M |
| EBITDA | -$250M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$316M |
| Depreciation & Amortization | $58M |
| Stock-Based Compensation | $117M |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | -$82M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$196M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | -$179.7K |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | -$430M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $1.0B |
| Net Receivables | $806M |
| Inventory | $0 |
| Other Current Assets | $356M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $887M |
| Goodwill | $1.4B |
| Intangible Assets | $147M |
| Long-Term Investments | $1.3B |
| Tax Assets | $9M |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $682M |
| Short-Term Debt | $0 |
| Deferred Revenue | $603M |
| Other Current Liabilities | $2.6B |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.6B |
| Retained Earnings | -$4.2B |
| Treasury Stock | -$304M |
| Accum. Other Comp. Income | $1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $2.0B |
| Net Debt | -$928M |
