| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $609M | $630M | $267M | -3.3% | 128.1% |
| Op. Income | -$86M | $43M | -$184M | -300.0% | 53.3% |
| Gross Margin | -2.6% | 4.4% | -58.4% | -7.1pp | 55.8pp |
| Net Margin | -8.7% | 3.7% | -47.6% | -12.4pp | 38.9pp |
| EPS (Diluted) | $-0.25 | $0.10 | $-0.59 | -350.0% | 57.6% |
| Free Cash Flow | $77M | -$154M | -$201M | 150.0% | 138.3% |
| Item | Amount |
|---|---|
| REVENUE | $609M |
| Cost of Revenue | $625M |
| GROSS PROFIT | -$16M |
| R&D Expenses | $0 |
| Selling & Marketing | $29M |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $41M |
| Operating Expenses | $70M |
| Cost & Expenses | $695M |
| OPERATING INCOME | -$86M |
| Interest Income | $1M |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $10M |
| EBIT | -$85M |
| EBITDA | -$75M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $188M |
| OPERATING CASH FLOW | $120M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $64M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $67M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $918M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $29M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $2.6B |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $557M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $86M |
| Short-Term Debt | $127M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $496M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $287M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $381M |
| Retained Earnings | $159M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $530M |
| Minority Interest | $0 |
| TOTAL EQUITY | $530M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $2.8B |
| Net Debt | $1.9B |
