| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $701M | $421M | $2.4B | 66.5% | -70.7% |
| Op. Income | -$571M | -$288M | $422M | -98.3% | -235.3% |
| Gross Margin | -40.5% | -90.3% | 32.4% | 49.7pp | -72.9pp |
| Net Margin | -61.5% | -50.8% | 13.5% | -10.7pp | -75.0pp |
| EPS (Diluted) | $-3.49 | $-1.74 | $2.60 | -100.6% | -234.2% |
| Free Cash Flow | -$241M | $239M | $154M | -200.8% | -256.5% |
| Item | Amount |
|---|---|
| REVENUE | $701M |
| Cost of Revenue | $985M |
| GROSS PROFIT | -$284M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $263M |
| Operating Expenses | $287M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$571M |
| Interest Income | $7M |
| Interest Expense | $30M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$589M |
| Income Tax Expense | -$158M |
| Net Income from Continuing Ops | -$431M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$431M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$431M |
| D&A | $105M |
| EBIT | -$527M |
| EBITDA | -$422M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$431M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $121M |
| Other Non-Cash Items | -$76M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | -$205M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $482M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$643M |
| Net Debt Issuance | $1.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | -$241M |
| Net Change in Cash | $347M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.9B |
| Net Receivables | $321M |
| Inventory | $57M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $7.9B |
| Goodwill | $1.9B |
| Intangible Assets | $107M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $337M |
| TOTAL NON-CURRENT ASSETS | $10.3B |
| TOTAL ASSETS | $14.7B |
| Account Payables | $93M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $1.5B |
| Deferred Tax Liabilities | $499M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $366M |
| Retained Earnings | $4.2B |
| Treasury Stock | -$674M |
| Accum. Other Comp. Income | -$450M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $14.7B |
| Total Debt | $5.4B |
| Net Debt | $3.6B |
