| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $483M | $504M | $550M | -4.2% | -12.2% |
| Op. Income | -$51M | $5M | $50M | -1120.0% | -202.0% |
| Gross Margin | 81.6% | 80.8% | 85.1% | 0.8pp | -3.5pp |
| Net Margin | -11.0% | 1.6% | -59.8% | -12.6pp | 48.8pp |
| EPS (Diluted) | $-0.21 | $0.03 | $-1.24 | -800.0% | 83.1% |
| Free Cash Flow | $132M | $830M | -$2.8B | -84.1% | 104.6% |
| Item | Amount |
|---|---|
| REVENUE | $483M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $394M |
| R&D Expenses | $142M |
| Selling & Marketing | $165M |
| General & Administrative | $138M |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $445M |
| Cost & Expenses | $534M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $40M |
| EBIT | -$39M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $148M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $162M |
| Purchases of Investments | -$451M |
| Sales/Maturities of Investments | $295M |
| Other Investing Activities | -$162M |
| NET CASH FROM INVESTING | -$189M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$176M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$184M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $1.5B |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $388M |
| Goodwill | $2.4B |
| Intangible Assets | $149M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $19M |
| Short-Term Debt | $45M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $312M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$130M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.0B |
| Net Debt | $43M |
