| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $490M | $551M | $510M | -11.1% | -3.9% |
| Op. Income | -$50M | $6M | -$16M | -911.3% | -210.5% |
| Gross Margin | 14.0% | 27.5% | 22.4% | -13.5pp | -8.4pp |
| Net Margin | -9.6% | 2.0% | -2.9% | -11.5pp | -6.7pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | -$142M | -$183M | -$94M | 22.7% | -51.4% |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $54M |
| Operating Expenses | $119M |
| Cost & Expenses | $541M |
| OPERATING INCOME | -$50M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $15M |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $12M |
| EBIT | -$45M |
| EBITDA | -$33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | -$133M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$901M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $90M |
| NET CASH FROM INVESTING | $366M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$800.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$142M |
| Net Change in Cash | $220M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $4.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.1B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $425M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$425M |
| TOTAL NON-CURRENT LIABILITIES | $425M |
| TOTAL LIABILITIES | $425M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.7B |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $425M |
| Net Debt | -$771M |
