| Metric | Q4 2017 | Q3 2017 | Q4 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $573M | $727M | $595M | -21.2% | -3.7% |
| Op. Income | -$200M | -$263M | -$74M | 24.1% | -169.2% |
| Gross Margin | 100.0% | -21.2% | 11.2% | 121.2pp | 88.8pp |
| Net Margin | -32.4% | -35.0% | -12.0% | 2.6pp | -20.3pp |
| EPS (Diluted) | $-3.23 | $0.00 | $0.00 | -Infinity% | -Infinity% |
| Free Cash Flow | -$168M | $143M | $65M | -217.0% | -356.3% |
| Item | Amount |
|---|---|
| REVENUE | $573M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $573M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $127M |
| SG&A Expenses | $127M |
| Other Expenses | -$899M |
| Operating Expenses | -$773M |
| Cost & Expenses | $768M |
| OPERATING INCOME | -$200M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$195M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$185M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$185M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$193M |
| D&A | $23M |
| EBIT | -$188M |
| EBITDA | -$173M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$185M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | -$159M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$657M |
| Sales/Maturities of Investments | $722M |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | $300.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$168M |
| Net Change in Cash | -$155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $163M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $76M |
| Goodwill | $4M |
| Intangible Assets | $28M |
| Long-Term Investments | $7.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.8B |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $358M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$813M |
| TOTAL CURRENT LIABILITIES | $358M |
| Long-Term Debt | $594M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$594M |
| TOTAL NON-CURRENT LIABILITIES | $594M |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $955M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $3M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $594M |
| Net Debt | -$461M |
