| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $939M | $915M | — | 2.6% | — |
| Op. Income | -$50M | -$162M | — | 68.8% | — |
| Gross Margin | 81.9% | 81.6% | — | 0.3pp | — |
| Net Margin | -6.3% | -22.8% | — | 16.6pp | — |
| EPS (Diluted) | $-0.23 | $-0.81 | — | 71.6% | — |
| Free Cash Flow | $270M | $350M | — | -22.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $939M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $769M |
| R&D Expenses | $475M |
| Selling & Marketing | $203M |
| General & Administrative | $142M |
| SG&A Expenses | $345M |
| Other Expenses | $0 |
| Operating Expenses | $820M |
| Cost & Expenses | $989M |
| OPERATING INCOME | -$50M |
| Interest Income | $21M |
| Interest Expense | $9M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $15M |
| EBIT | -$37M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $245M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $160.0K |
| Other Investing Activities | -$160.0K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$118M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $187.0K |
| NET CASH FROM FINANCING | -$118M |
| FREE CASH FLOW | $270M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $10M |
| Net Receivables | $478M |
| Inventory | $0 |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $266M |
| Goodwill | $727M |
| Intangible Assets | $69M |
| Long-Term Investments | $226M |
| Tax Assets | $10M |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $159M |
| Short-Term Debt | $38M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $192M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $962M |
| Deferred Revenue NC | $183M |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $655M |
| Minority Interest | $0 |
| TOTAL EQUITY | $655M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $1.3B |
| Net Debt | -$820M |
