| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $956M | $1.2B | $1.4B | -21.3% | -30.6% |
| Op. Income | -$12M | $194M | $202M | -106.2% | -105.9% |
| Gross Margin | 44.7% | 47.9% | 45.6% | -3.2pp | -0.9pp |
| Net Margin | -1.6% | 11.9% | 12.3% | -13.4pp | -13.9pp |
| EPS (Diluted) | $-0.29 | $2.78 | $3.26 | -110.4% | -108.9% |
| Free Cash Flow | -$49M | -$52M | $47M | 5.8% | -204.3% |
| Item | Amount |
|---|---|
| REVENUE | $956M |
| Cost of Revenue | $529M |
| GROSS PROFIT | $427M |
| R&D Expenses | $127M |
| Selling & Marketing | $138M |
| General & Administrative | $88M |
| SG&A Expenses | $226M |
| Other Expenses | $86M |
| Operating Expenses | $439M |
| Cost & Expenses | $968M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $44M |
| EBIT | -$8M |
| EBITDA | $36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $595M |
| Inventory | $848M |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $467M |
| Goodwill | $3.9B |
| Intangible Assets | $552M |
| Long-Term Investments | $199M |
| Tax Assets | $438M |
| Other Non-Current Assets | $130M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $433M |
| Short-Term Debt | $190M |
| Deferred Revenue | $428M |
| Other Current Liabilities | $375M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $318M |
| Deferred Tax Liabilities | $75M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $599M |
| Retained Earnings | $4.3B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
