Output 1

BigTechCompany
Quarterly Financial Overview

Instructions:
Using the income statement, balance sheet and cash flow statements, populate the quarterly financial information for Stargaze.
Calculate the quarter-over-quarter growth for revenue, operating income (EBITDA) and net income per share.
Then, calculate the financial metrics.
Ensure that your number formatting is consistent with the formatting in column D.
Once finished, copy this table on page 2 of your PowerPoint template.

BigTech Company Q1 Q2 Q3 Q4
($ in thousands) 2021 2021 2021 2021
Revenues $501,430 $513,924 $523,843 $539,652
Quarterly Growth 2% 2% 3%

Operating Income (EBITDA) $137,190 $129,334 $122,868 $44,224

Quarterly Growth -6% -5% -64%

Net Income $119,470 $94,711 $101,435 $42,520

Quarterly Growth -21% 7% -58%
Net Income per Share $3.85 $3.05 $3.27 $1.37

Non GAAP Free Cash Flow (FCF) $48,415 -$12,253 -$7,438 -$39,848

Financial Metrics Q1 2021 Q2 2021 Q3 2021 Q4 2021

EBITDA Margin 27% 25% 23% 8%
Net Income Margin 24% 18% 19% 8%
FCF per Diluted Share $1.52 -$0.38 -$0.23 -$1.25
ation for Stargaze.

Q1 Q2 Q3 Q4 Q1
2022 2022 2022 2022 2023
$550,744 $557,910 $554,791 $549,644 $571,305
2% 1% -1% -1% 4%

$138,014 $110,480 $107,311 $38,493 $120,002

212% -20% -3% -64% 212%

$111,821 $100,867 $97,877 $3,870 $102,019

163% -10% -3% -96% 2536%
$3.60 $3.24 $3.14 $0.12 $3.27

$56,118 $891 $33,030 $23,259 $56,812

Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023

25% 20% 19% 7% 21%
20% 18% 18% 1% 18%
$1.77 $0.03 $1.05 $0.74 $1.79
 $0

Hint: EBITDA margin is calculated as EBITDA divided by revenue.

Hint: divide FCF by diluted shares.

Output 2
BigTechCompany
Customer Trends

Instructions:
Using the Customer Data tab, populate the quarterly information on Stargaze customers.
Ensure that your formatting is consistent across the table. Your formatting should match that of column D.
Once finished, copy your table into page 3 of the PowerPoint presentation.

Customer Trends Q1 Q2 Q3 Q4 Q1 Q2 Q3
#s in thousands 2021 2021 2021 2021 2022 2022 2022

Cost of Subscription (Quarterly) $33 $33 $33 $33 $34 $34 $34

Number of Users (Beginning of Period) 15,195 15,573 15,874 16,353 16,198 16,409 16,317
Customer Attrition 89 200 204 444 2,446 5,000 1,655
New Users 468 501 683 289 2,657 4,908 1,504
Number of Users (End of Period) 15,573 15,874 16,353 16,198 16,409 16,317 16,166
Change in # of Users 2% 3% -1% 1% -1% -1%

Net Change in Customers 379 301 479 (155) 211 (92) (151)
Churn Rate 0.6% 1.3% 1.3% 2.7% 15.1% 30.5% 10.1%
 Q4 Q1
2022 2023

$34 $34

16,166 16,803
1,244 322
1,881 1,965
16,803 18,446
4% 10%

637 1,643
7.7% 1.9%
Hint: Customer attrition is the number of customers who canceled their service.

Hint: This is calculated by taking the number of new users minus the number of customers who canceled their services.
Hint: Churn rate is calculated by taking the number of customers lost in a period divided by the number of total customers in the previous period.
ious period.
Output 3
BigTechCompany
Annual Projections

Instructions:
Populate the historical financial information from the income statement, balance sheet and statement of cash flows.
For the 2023E figures, you will need to use annualized figures. To do this, multiply Q1 2023 metrics by 4.
For the 2024E figures, the company is assuming the following:
Revenues increase by 15%
Operating income increases by 10%
Net income increases by 8%
FCF decreases by 2%
Share count remains the same
Debt remains the same
Once you have finished populating the table, check to make sure your formatting matches column D. Then copy the table into the PowerPoint

FY FY FY FY FY 2020-2024E
Financial Highlights 2020 2021 2022 2023E 2024E CAGR
Revenues $1,999,444 $2,078,849 $2,213,089 $2,285,221 $2,628,004 7%
Annual Growth 4% 6% 3% 15%
Operating Income (EBITDA) $371,461 $433,616 $394,298 $480,009 $528,010 9%
Annual Growth 17% -9% 22% 10%
Net Income $247,641 $358,136 $314,435 $408,075 $440,721 16%
Annual Growth 45% -12% 30% 8%
Net Income per Share $12.11 $11.55 $10.11 $13.09 $14.14 4%
Non GAAP Free Cash Flow (FCF) $755 -$11,123 $113,297 $227,248 $222,703 314%

Financial Metrics
EBITDA Margin 19% 21% 18% 21% 20%
Net Income Margin 12% 17% 14% 18% 17%
Debt/EBITDA 2.7x 2.4x 2.5x 2.0x 1.9x
FCF per Diluted Share $0.02 -$0.35 $3.58 $7.18 $7.03
e into the PowerPoint presentation.

< Hint: CAGR is an abbrevation for Compound Annual Growth Rate.

Learn how to Calculate CAGR
BigTechCompany
Consolidated Statements of Operations
(unaudited)
(in thousands, except per share data)
Three Months Ended Twelve Months Ended
March 31, June 30, September 30, December 31, December 31,
2021 2021 2021 2021 2021

Revenues $ 501,430 $ 513,924 $ 523,843 $ 539,652 $ 2,078,849

Cost of revenues 270,796 281,261 294,461 366,770 1,213,288
Marketing 35,876 42,278 44,516 55,490 178,160
Technology and development 36,764 37,612 39,472 45,323 159,172
General and administrative 20,804 23,439 22,525 27,845 94,613
Operating income 137,190 129,334 122,868 44,224 433,616
Other income (expense):
Interest expense (13,611) (13,393) (13,330) (13,260) (53,593)
Interest and other income (expense) 18,836 (4,376) 6,729 7,596 28,785
Income before income taxes 142,415 111,565 116,267 38,560 408,807
Benefit from (provision for) income taxes (22,945) (16,854) (14,832) 3,960 (50,671)
Net income $ 119,470 $ 94,711 $ 101,435 $ 42,520 $ 358,136
Earnings per share:
Basic $ 3.85 $ 3.05 $ 3.27 $ 1.37 $ 11.55
Diluted $ 3.75 $ 2.97 $ 3.19 $ 1.33 $ 11.24
Weighted-average shares of common stock outstanding:
Basic 31,026 31,021 30,994 31,042 31,042
Diluted 31,895 31,859 31,845 31,906 31,906
 Three Months Ended Twelve Months Ended Three Months Ended
March 31, June 30, September 30, December 31, December 31, March 31,
2022 2022 2022 2022 2022 2023

$ 550,744 $ 557,910 $ 554,791 $ 549,644 $ 2,213,089 $ 571,305

299,929 328,353 335,207 378,291 1,341,780 336,254
38,918 40,247 39,757 58,213 177,135 38,875
46,027 50,179 46,392 47,175 189,773 48,109
27,855 28,651 26,125 27,472 110,102 28,065
138,014 110,480 107,311 38,493 394,298 120,002

(13,131) (12,282) (12,080) (11,942) (49,435) (12,197)

13,695 15,416 18,298 (23,798) 23,612 (4,984)
138,578 113,614 113,529 2,754 368,475 102,821
(26,757) (12,747) (15,652) 1,116 (54,040) (802)
$ 111,821 $ 100,867 $ 97,877 $ 3,870 $ 314,435 $ 102,019

$ 3.60 $ 3.24 $ 3.14 $ 0.12 $ 10.11 $ 3.27

$ 3.53 $ 3.20 $ 3.10 $ 0.12 $ 9.95 $ 3.22

31,090 31,119 31,141 31,164 31,164 31,167

31,709 31,512 31,524 31,615 31,615 31,669
BigTechCompany
Consolidated Balance Sheets
(unaudited) 0.07
(in thousands)

March 31, June 30, September 30, December 31, March 31,
2021 2021 2021 2021 2022
Assets
Current assets:
Cash and cash equivalents $ 588,259 $ 544,427 $ 526,868 $ 421,946 $ 420,626
Short-term investments - - - - -
Other current assets 119,266 127,872 132,237 142,941 146,235
Total current assets 707,526 672,299 659,105 564,888 566,861
Content assets, net 1,823,079 1,910,415 2,028,183 2,164,368 2,183,434
Property and equipment, net 71,079 77,521 85,408 92,642 96,863
Other non-current assets 206,927 207,733 219,094 299,029 326,004
Total assets $ 2,808,611 $ 2,867,968 $ 2,991,790 $ 3,120,926 $ 3,173,163
Liabilities and Stockholders' Equity
Current liabilities:
Current content liabilities $ 300,857 $ 293,851 $ 287,767 $ 300,508 $ 284,640
Accounts payable 37,306 43,605 45,014 58,624 43,204
Accrued expenses and other liabilities 90,427 78,791 98,918 101,455 127,198
Deferred revenue 79,819 83,115 82,784 84,654 86,733
Short-term debt 48,915 48,939 48,963 48,988 -
Total current liabilities $ 557,324 $ 548,302 $ 563,447 $ 594,228 $ 541,776
Non-current content liabilities $ 172,594 $ 158,570 $ 161,072 $ 216,595 206,165
Long-term debt 1,040,239 1,044,882 1,035,558 1,028,515 1,017,419
Other non-current liabilities 136,569 145,742 159,689 172,141 179,720
Total liabilities 1,906,725 1,897,497 1,919,767 2,011,479 1,945,081
Stockholders' equity:
Common stock $ 252,006 $ 260,487 $ 269,677 $ 281,719 $ 290,891
Treasury stock at cost - (35,002) (42,002) (57,693) (57,693)
Accumulated other comprehensive income (loss) 290 684 (1,388) (2,835) (5,192)
Retained earnings 649,590 744,301 845,736 888,256 1,000,077
Total stockholders' equity 901,886 970,471 1,072,023 1,109,447 1,228,083
Total liabilities and stockholders' equity $ 2,808,611 $ 2,867,968 $ 2,991,790 $ 3,120,926 $ 3,173,163
 June 30, September 30, December 31, March 31,
2022 2022 2022 2023

$ 407,361 $ 427,961 $ 360,302 $ 470,022

- - 63,789 77,904
141,493 189,222 224,561 185,858
548,854 617,183 648,653 733,784
2,277,324 2,294,414 2,291,570 2,264,443
95,334 96,093 97,878 98,917
323,053 321,663 363,533 367,181
$ 3,244,565 $ 3,329,353 $ 3,401,634 $ 3,464,324

$ 292,248 $ 295,812 $ 313,611 $ 304,121

35,299 39,211 47,006 41,439
111,722 126,249 106,026 120,265
85,732 82,343 88,526 88,359
- - - 27,941
$ 525,002 $ 543,615 $ 555,168 $ 582,125
209,297 206,876 $ 215,689 203,562
996,331 972,168 1,004,715 982,658
178,617 169,725 171,643 168,006
1,909,247 1,892,383 1,947,216 1,936,350

$ 302,181 $ 313,177 $ 324,632 $ 333,368

(57,693) (57,693) (57,693) (86,024)
(10,113) (17,335) (15,211) (13,419)
1,100,944 1,198,821 1,202,691 1,294,049
1,335,318 1,436,970 1,454,418 1,527,974
$ 3,244,565 $ 3,329,353 $ 3,401,634 $ 3,464,324
BigTechCompany
Consolidated Statements of Cash Flows
(unaudited)
(in thousands)
Three Months Ended
March 31, June 30, September 30,
2021 2021 2021
Cash flows from operating activities:
Net income $ 119,470 $ 94,711 $ 101,435
Adjustments to reconcile net income to net cash - - -
provided by (used in) operating activities: - - -
Additions to content assets (229,920) (286,773) (326,637)
Change in content liabilities (18,623) (21,855) (2,047)
Amortization of content assets 190,344 196,476 207,414
Depreciation and amortization of property, equipment and intangibles 2,502 2,690 4,918
Stock-based compensation expense 7,506 7,111 6,655
Foreign currency remeasurement loss (gain) on debt (17,733) 4,415 (9,554)
Other non-cash items 5,086 7,567 7,155
Deferred income taxes 11,181 3,579 3,568
Changes in operating assets and liabilities: - - -
Other current assets (15,509) (3,666) (6,660)
Accounts payable (9,612) 5,062 1,739
Accrued expenses and other liabilities 12,453 (12,000) 18,884
Deferred revenue 1,560 3,297 (331)
Other non-current assets and liabilities (4,296) (5,078) (771)
Net cash provided by (used in) operating activities 54,409 (4,463) 5,767
Cash flows from investing activities:
Purchases of property and equipment (5,670) (7,719) (11,713)
Change in other assets (323) (70) (1,491)
Acquisitions - - -
Purchases of short-term investments - - -
Net cash used in investing activities (5,993) (7,789) (13,204)
Cash flows from financing activities:
Repayments of debt (500,000) - -
Proceeds from issuance of common stock 48,071 19,749 18,445
Repurchases of common stock - (500,022) (100,000)
Taxes paid related to net share settlement of equity awards - - -
Net cash provided by (used in) financing activities (451,929) (480,273) (81,555)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,950) 1,643 (4,469)
Net increase (decrease) in cash, cash equivalents, and restricted cash 13,831 (44,228) (17,616)
Cash, cash equivalents, and restricted cash beginning of period 576,721 590,552 546,323
Cash, cash equivalents, and restricted cash end of period $ 590,552 $ 546,323 $ 528,708

Non-GAAP free cash flow reconciliation:

Net cash provided by (used in) operating activities $ 54,409 $ (4,463) $ 5,767
Purchases of property and equipment (5,670) (7,719) (11,713)
Change in other assets (323) (70) (1,491)
Non-GAAP free cash flow $ 48,416 $ (12,253) $ (7,438)
 Twelve Months Ended Three Months Ended
December 31, December 31, March 31, June 30, September 30, December 31,
2021 2021 2022 2022 2022 2022

$ 42,520 $ 358,136 $ 111,821 $ 100,867 $ 97,877 $ 3,870

- - - - -
- - - - -
(395,825) (1,239,154) (250,891) (328,091) (320,787) (278,963)
58,827 16,303 (24,300) 13,386 4,261 19,205
261,892 856,126 221,646 228,294 255,751 276,138
4,479 14,589 5,222 5,845 5,963 6,537
6,953 28,225 8,345 10,527 10,644 10,765
(7,274) (30,146) (11,327) (21,316) (24,392) 32,318
6,566 26,374 7,138 14,376 7,176 8,658
(4,360) 13,968 (4,823) (8,107) (4,046) 5,318
- - - - -
(43) (25,878) 2,881 8,638 (8,405) (27,882)
12,970 10,158 (15,081) (8,543) 3,771 8,755
(6,713) 12,624 24,553 (16,710) 14,845 (26,574)
1,870 6,395 1,172 (726) (3,389) 4,859
(10,092) (20,237) (11,755) 8,753 (293) (11,933)
(28,229) 27,483 64,599 7,193 38,977 31,070

(11,619) (36,721) (8,481) (6,301) (5,947) (7,812)

- (1,884) - - - -
(55,184) (55,184) (8,716) (4,821) - (39,479)
- - - - - (63,789)
(66,803) (93,790) (17,198) (11,123) (5,947) (111,080)

- (500,000) (700,000) - - -
88,149 174,414 13,678 11,250 4,113 6,705
- (600,022) - - - -
(224,168) (224,168) - - - -
(136,019) (1,149,776) (686,322) 11,250 4,113 6,705
 (297) (6,072) (801) (10,164) (12,604) 11,659
(104,850) (152,863) (1,443) (13,306) 20,713 (67,881)
528,708 8,238,870 423,858 422,415 409,109 429,822
$ 423,858 $ 8,086,007 $ 422,415 $ 409,109 $ 429,822 $ 361,941

$ (28,229) $ 27,483 $ 64,599 $ 7,193 $ 38,977 $ 31,070

(11,619) (36,721) (8,481) (6,301) (5,947) (7,812)
- (1,884) - - - -
$ (39,848) $ (11,123) $ 56,118 $ 891 $ 33,030 $ 23,259
Twelve Months Ended Three Months Ended
December 31, March 31,
2022 2023

$ 314,435 $ -
-
-
(1,178,733) (172,107)
12,552 (24,835)
981,829 242,199
23,568 6,323
40,282 6,937
(24,718) 5,646
37,348 8,401
(11,659) (6,915)
-
(24,768) (6,197)
(11,098) (6,277)
(3,886) 12,971
1,915 (167)
(15,229) (4,826)
141,838 61,153

(28,541) (4,341)
- -
(53,017) -
(63,789) (14,114)
(145,347) (18,456)

(700,000) -
35,746 26,028
- (400,101)
- -
(664,254) (374,073)
 (11,910) 1,850
(61,917) 109,721
6,055,111 361,941
$ 5,993,194 $ 471,661

$ 141,838 $ 61,153
(28,541) (4,341)
- -
$ 113,297 $ 56,812
 Three Months Ended Three Months Ended
March 31, June 30, September 30, December 31, March 31, June 30,
2021 2021 2021 2021 2022 2022
Revenue $501,430 $513,924 $523,843 $539,652 $550,744 $557,910
Quarterly Subscription Cost $33.00 $33.00 $33.00 $33.00 $34.00 $34.00

Users (Beginning of Period) 15,195 15,573 15,874 16,353 16,198 16,409

New users 468 501 683 289 2,657 4,908
Users who canceled 89 200 204 444 2,446 5,000
Users (End of Period) 15,573 15,874 16,353 16,198 16,409 16,317
Change in users 379 301 479 (155) 211 (92)

Churn rate 1% 1% 3% 15% 30%

 Three Months
Three Months Ended Ended
September 30, December 31, March 31,
2022 2022 2023
$554,791 $549,644 $571,305
$34.00 $34.00 $34.00

16,317 16,166 16,803

1,504 1,881 1,965
1,655 1,244 322
16,166 16,803 18,446
(151) 637 1,643

10% 8% 2% Hint: # of customers