| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $943M | 3.1% | 10.0% |
| Op. Income | -$112M | -$117M | -$303M | 4.3% | 62.9% |
| Gross Margin | 47.0% | 46.8% | 45.8% | 0.2pp | 1.2pp |
| Net Margin | -16.0% | -34.0% | -34.2% | 18.0pp | 18.2pp |
| EPS (Diluted) | $-0.91 | $-1.84 | $-1.77 | 50.5% | 48.6% |
| Free Cash Flow | $72M | -$114M | -$78M | 162.8% | 191.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $550M |
| GROSS PROFIT | $487M |
| R&D Expenses | $226M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $373M |
| Other Expenses | $0 |
| Operating Expenses | $600M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$112M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | -$53M |
| INCOME BEFORE TAX | -$165M |
| Income Tax Expense | $744.0K |
| Net Income from Continuing Ops | -$166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$166M |
| D&A | $82M |
| EBIT | -$165M |
| EBITDA | -$83M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$166M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $153M |
| Deferred Income Tax | $98M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$98M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$170.0K |
| Purchases of Investments | -$376M |
| Sales/Maturities of Investments | $695M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $307M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$370M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53.0K |
| NET CASH FROM FINANCING | -$348M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $675M |
| Short-Term Investments | $3.0B |
| Net Receivables | $600M |
| Inventory | $0 |
| Other Current Assets | $381M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $322M |
| Goodwill | $5.2B |
| Intangible Assets | $728M |
| Long-Term Investments | $657M |
| Tax Assets | $0 |
| Other Non-Current Assets | $291M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $94M |
| Short-Term Debt | $0 |
| Deferred Revenue | $139M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $760M |
| Long-Term Debt | $988M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $181.0K |
| Additional Paid-In Capital | $14.4B |
| Retained Earnings | -$4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $1.2B |
| Net Debt | $536M |
