| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $915M | $873M | — | 4.9% | — |
| Op. Income | -$162M | -$99M | — | -62.8% | — |
| Gross Margin | 81.6% | 82.1% | — | -0.6pp | — |
| Net Margin | -22.8% | -23.5% | — | 0.7pp | — |
| EPS (Diluted) | $-0.81 | $-0.80 | — | -1.3% | — |
| Free Cash Flow | $350M | $146M | — | 138.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $915M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $747M |
| R&D Expenses | $522M |
| Selling & Marketing | $221M |
| General & Administrative | $165M |
| SG&A Expenses | $386M |
| Other Expenses | $0 |
| Operating Expenses | $908M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$162M |
| Interest Income | $15M |
| Interest Expense | $8M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$155M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$209M |
| D&A | $16M |
| EBIT | -$147M |
| EBITDA | -$132M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$209M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $263M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $60M |
| Change in Working Capital | $220M |
| OPERATING CASH FLOW | $352M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$12.4K |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $12.4K |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | $336M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $10M |
| Net Receivables | $346M |
| Inventory | $0 |
| Other Current Assets | $116M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $276M |
| Goodwill | $723M |
| Intangible Assets | $76M |
| Long-Term Investments | $247M |
| Tax Assets | $8M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $106M |
| Short-Term Debt | $25M |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $975M |
| Deferred Revenue NC | $134M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $582M |
| Minority Interest | $0 |
| TOTAL EQUITY | $582M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.3B |
| Net Debt | -$682M |
