| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $983M | $943M | $740M | 4.2% | 32.8% |
| Op. Income | -$270M | -$303M | -$228M | 10.6% | -18.4% |
| Gross Margin | 46.5% | 45.8% | 46.3% | 0.8pp | 0.2pp |
| Net Margin | -49.1% | -34.2% | -30.3% | -14.9pp | -18.8pp |
| EPS (Diluted) | $-2.63 | $-1.77 | $-1.26 | -48.6% | -108.7% |
| Free Cash Flow | -$147M | -$78M | -$82M | -87.5% | -80.2% |
| Item | Amount |
|---|---|
| REVENUE | $983M |
| Cost of Revenue | $526M |
| GROSS PROFIT | $458M |
| R&D Expenses | $284M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $444M |
| Other Expenses | $0 |
| Operating Expenses | $728M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$270M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | -$208M |
| INCOME BEFORE TAX | -$479M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$482M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$482M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$482M |
| D&A | $83M |
| EBIT | -$479M |
| EBITDA | -$395M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$482M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $209M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $163M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | -$116M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$325M |
| Sales/Maturities of Investments | $311M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$147M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $633M |
| Short-Term Investments | $3.6B |
| Net Receivables | $488M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $391M |
| Goodwill | $5.3B |
| Intangible Assets | $901M |
| Long-Term Investments | $732M |
| Tax Assets | $0 |
| Other Non-Current Assets | $341M |
| TOTAL NON-CURRENT ASSETS | $7.7B |
| TOTAL ASSETS | $12.6B |
| Account Payables | $103M |
| Short-Term Debt | $0 |
| Deferred Revenue | $136M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $864M |
| Long-Term Debt | $987M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $184.0K |
| Additional Paid-In Capital | $13.8B |
| Retained Earnings | -$3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$165M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $1.3B |
| Net Debt | $620M |
