Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | Jan-21 | Jan-22 | Jan-23 | Feb-24 | Feb-25 | | Feb-25 | | Feb-24 | Feb-25 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
Revenue | 2,969 | 4,462 | 5,920 | 5,508 | 5,767 | | 5,767 | | 5,508 | 5,767 |
% Growth | NA | 50.3% | 32.7% | -7.0% | 4.7% | | | | | 4.7% |
| | | | | | | | | | |
Cost of Revenue | (1,454) | (2,205) | (2,893) | (3,214) | (3,027) | | (3,027) | | (3,214) | (3,027) |
Gross Profit | 1,515 | 2,258 | 3,026 | 2,294 | 2,740 | | 2,740 | | 2,294 | 2,740 |
% Revenue | 51.0% | 50.6% | 51.1% | 41.6% | 47.5% | | 47.5% | | 41.6% | 47.5% |
| | | | | | | | | | |
Research and Development | (1,073) | (1,424) | (1,784) | (1,896) | (1,950) | | (1,950) | | (1,896) | (1,950) |
Selling and Marketing | (1) | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
General and Admin | (467) | (893) | (844) | (834) | (798) | | (798) | | (834) | (798) |
Other Inc / (Exp) | (231) | (286) | (160) | (131) | (712) | | (712) | | (131) | (712) |
Total Operating Exp | (1,771) | (2,603) | (2,788) | (2,861) | (3,460) | | (3,460) | | (2,861) | (3,460) |
| | | | | | | | | | |
Operating Income | (256) | (345) | 238 | (568) | (720) | | (720) | | (568) | (720) |
% Revenue | -8.6% | -7.7% | 4.0% | -10.3% | -12.5% | | -12.5% | | -10.3% | -12.5% |
| | | | | | | | | | |
Interest Expense | (67) | (139) | (153) | (191) | (174) | | (174) | | (191) | (174) |
Pre-tax Income | (322) | (484) | 85 | (759) | (895) | | (895) | | (759) | (895) |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Provision for Taxes | 45 | 63 | (249) | (175) | 10 | | 10 | | (175) | 10 |
Net Income to Company | (277) | (421) | (164) | (933) | (885) | | (885) | | (933) | (885) |
% Margin | -9.3% | -9.4% | -2.8% | -16.9% | -15.3% | | -15.3% | | -16.9% | -15.3% |
| | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Net Income to Stockholders | (277) | (421) | (164) | (933) | (885) | | (885) | | (933) | (885) |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
Net Income to Common | (277) | (421) | (164) | (933) | (885) | | (885) | | (933) | (885) |
% Margin | -9.3% | -9.4% | -2.8% | -16.9% | -15.3% | | -15.3% | | -16.9% | -15.3% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | (0.41) | (0.53) | (0.19) | (1.08) | (1.02) | | (1.02) | | (1.08) | (1.02) |
Diluted EPS (Continuing Ops) | (0.41) | (0.53) | (0.19) | (1.08) | (1.02) | | (1.02) | | (1.08) | (1.02) |
| | | | | | | | | | |
WA Basic Shares Out. | 668.80 | 796.90 | 851.40 | 861.30 | 865.50 | | 865.50 | | 861.30 | 865.50 |
WA Diluted Shares Out. | 668.80 | 796.90 | 851.40 | 861.30 | 865.50 | | 865.50 | | 861.30 | 865.50 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | (322) | (484) | 85 | (759) | (895) | | (895) | | (759) | (895) |
Addback: Net Interest Expense | 67 | 139 | 153 | 191 | 174 | | 174 | | 191 | 174 |
Addback: Other Non Operating Expenses, Total | (3) | (3) | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Depreciation & Amortization | 642 | 1,245 | 1,392 | 1,398 | 1,357 | | 1,357 | | 1,398 | 1,357 |
Addback: Restructuring Charges | 180 | 32 | 22 | 131 | 712 | | 712 | | 131 | 712 |
Addback: Merger / Acquisition Expenses | 17 | 257 | 39 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Legal Settlements | 36 | 0 | 100 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Adjusted EBITDA | 617 | 1,186 | 1,791 | 961 | 1,348 | | 1,348 | | 961 | 1,348 |
% Margin | 20.8% | 26.6% | 30.2% | 17.5% | 23.4% | | 23.4% | | 17.5% | 23.4% |
| | | | | | | | | | |
Adjusted EBIT | (25) | (59) | 398 | (437) | (9) | | (9) | | (437) | (9) |
% Margin | -0.8% | -1.3% | 6.7% | -7.9% | -0.1% | | -0.1% | | -7.9% | -0.1% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | (277) | (421) | (164) | (933) | (885) | | (885) | | (933) | (885) |
Addback: Unusual Items | 234 | 289 | 160 | 131 | 712 | | 712 | | 131 | 712 |
Less: Tax Benefit of Unusual Items (26%) | (61) | (75) | (42) | (34) | (185) | | (185) | | (34) | (185) |
Adjusted Net Income | (104) | (207) | (45) | (836) | (358) | | (358) | | (836) | (358) |
% Margin | -3.5% | -4.6% | -0.8% | -15.2% | -6.2% | | -6.2% | | -15.2% | -6.2% |