| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $567M | $583M | $612M | -2.8% | -7.4% |
| Op. Income | $53M | -$621M | $104M | 108.5% | -49.0% |
| Gross Margin | 43.3% | 45.6% | 49.0% | -2.3pp | -5.7pp |
| Net Margin | -0.6% | -114.9% | 7.6% | 114.3pp | -8.2pp |
| EPS (Diluted) | $-0.19 | $-7.95 | $0.54 | 97.6% | -135.2% |
| Free Cash Flow | $6M | -$8M | $82M | 174.7% | -92.3% |
| Item | Amount |
|---|---|
| REVENUE | $567M |
| Cost of Revenue | $321M |
| GROSS PROFIT | $245M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $148M |
| SG&A Expenses | $148M |
| Other Expenses | $44M |
| Operating Expenses | $192M |
| Cost & Expenses | $513M |
| OPERATING INCOME | $53M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $13M |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $39M |
| EBIT | $55M |
| EBITDA | $93M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$109.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$876.0K |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $601M |
| Inventory | $0 |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $681M |
| PP&E (Net) | $554M |
| Goodwill | $2.2B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $444M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $60M |
| Short-Term Debt | $16M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $443M |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $43M |
| Deferred Tax Liabilities | $357M |
| Other Non-Current Liabilities | $399M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $846.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$379M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $3.0B |
| Net Debt | $3.0B |
