| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $430M | $496M | $491M | -13.3% | -12.4% |
| Op. Income | $14M | $68M | $70M | -79.4% | -80.0% |
| Gross Margin | 60.0% | 60.7% | 63.1% | -0.7pp | -3.1pp |
| Net Margin | -0.9% | 7.3% | 9.0% | -8.2pp | -9.9pp |
| EPS (Diluted) | $-0.04 | $0.33 | $0.39 | -112.1% | -110.3% |
| Free Cash Flow | $102M | $150M | $219M | -32.0% | -53.4% |
| Item | Amount |
|---|---|
| REVENUE | $430M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $258M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $244M |
| Cost & Expenses | $416M |
| OPERATING INCOME | $14M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $0 |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $33M |
| EBIT | $5M |
| EBITDA | $38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $77M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | $102M |
| Net Change in Cash | $140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $545M |
| Short-Term Investments | $0 |
| Net Receivables | $266M |
| Inventory | $17M |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $921M |
| PP&E (Net) | $266M |
| Goodwill | $390M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $194M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $974M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $83M |
| Short-Term Debt | $0 |
| Deferred Revenue | $530M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $878M |
| Long-Term Debt | $497M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $219M |
| TOTAL NON-CURRENT LIABILITIES | $795M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$157M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $222M |
| Minority Interest | $0 |
| TOTAL EQUITY | $222M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $636M |
| Net Debt | $91M |
