| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | — | $3.9B | — | 14.2% |
| Op. Income | -$1.6B | — | -$1.3B | — | -25.1% |
| Gross Margin | 1.5% | — | 11.5% | — | -10.0pp |
| Net Margin | -33.8% | — | -34.0% | — | 0.2pp |
| EPS (Diluted) | $-1.74 | — | $-1.56 | — | -11.6% |
| Free Cash Flow | -$198M | — | -$1.9B | — | 89.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $66M |
| R&D Expenses | $771M |
| Selling & Marketing | $733M |
| General & Administrative | $226M |
| SG&A Expenses | $958M |
| Other Expenses | -$72M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $6.1B |
| OPERATING INCOME | -$1.6B |
| Interest Income | $184M |
| Interest Expense | $39M |
| Other Income/Expenses | $80M |
| INCOME BEFORE TAX | -$1.5B |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.5B |
| D&A | $308M |
| EBIT | -$1.5B |
| EBITDA | -$1.2B |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$1.5B |
| Depreciation & Amortization | $308M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $193M |
| Change in Working Capital | $1.1B |
| OPERATING CASH FLOW | $140M |
| Capital Expenditure | -$338M |
| Acquisitions (Net) | $100M |
| Purchases of Investments | -$485M |
| Sales/Maturities of Investments | $872M |
| Other Investing Activities | -$88M |
| NET CASH FROM INVESTING | $92M |
| Net Debt Issuance | $438M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$198M |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.1B |
| Short-Term Investments | $1.5B |
| Net Receivables | $903M |
| Inventory | $807M |
| Other Current Assets | $293M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $1.8B |
| Goodwill | $5M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $305M |
| Tax Assets | $17M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $3.2B |
| Short-Term Debt | $847M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $685M |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $116M |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $195M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $18.1K |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | -$5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $276M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.3B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $2.2B |
| Net Debt | -$838M |
