| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | — | $2.0B | — | -0.7% |
| Op. Income | -$270M | — | -$93M | — | -190.3% |
| Gross Margin | 78.4% | — | 81.3% | — | -2.9pp |
| Net Margin | -8.1% | — | -5.2% | — | -3.0pp |
| EPS (Diluted) | $-0.68 | — | $-0.42 | — | -61.9% |
| Free Cash Flow | $189M | — | $4.4B | — | -95.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $421M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $560M |
| Selling & Marketing | $658M |
| General & Administrative | $553M |
| SG&A Expenses | $1.2B |
| Other Expenses | $23M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | -$270M |
| Interest Income | $0 |
| Interest Expense | $36M |
| Other Income/Expenses | $116M |
| INCOME BEFORE TAX | -$154M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$158M |
| D&A | $243M |
| EBIT | -$118M |
| EBITDA | $125M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$158M |
| Depreciation & Amortization | $222M |
| Stock-Based Compensation | $451M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$165M |
| OPERATING CASH FLOW | $354M |
| Capital Expenditure | -$165M |
| Acquisitions (Net) | -$433M |
| Purchases of Investments | -$664M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$424M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $72M |
| NET CASH FROM FINANCING | -$352M |
| FREE CASH FLOW | $189M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $1.3B |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $126M |
| Goodwill | $2.8B |
| Intangible Assets | $516M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $28M |
| Short-Term Debt | $700M |
| Deferred Revenue | $52M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $971M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.8B |
| Net Debt | $340M |
