| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $843M | $740M | $548M | 13.9% | 53.8% |
| Op. Income | -$279M | -$228M | -$164M | -22.1% | -69.7% |
| Gross Margin | 45.0% | 46.3% | 48.7% | -1.3pp | -3.7pp |
| Net Margin | -34.6% | -30.3% | -32.7% | -4.3pp | -1.9pp |
| EPS (Diluted) | $-1.63 | $-1.26 | $-1.13 | -29.4% | -44.2% |
| Free Cash Flow | -$59M | -$82M | $1M | 28.1% | -5281.9% |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $463M |
| GROSS PROFIT | $379M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $435M |
| Other Expenses | $0 |
| Operating Expenses | $658M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$279M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$290M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$291M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$291M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$291M |
| D&A | $81M |
| EBIT | -$290M |
| EBITDA | -$209M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$291M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $187M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | -$642.0K |
| Purchases of Investments | -$297M |
| Sales/Maturities of Investments | $280M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $3.9B |
| Net Receivables | $388M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $490M |
| Goodwill | $5.3B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $93M |
| Short-Term Debt | $0 |
| Deferred Revenue | $140M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $704M |
| Long-Term Debt | $986M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $180.0K |
| Additional Paid-In Capital | $13.2B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $1.3B |
| Net Debt | -$192M |
