| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.9B | $2.9B | -9.3% | -9.6% |
| Op. Income | -$411M | $487M | $486M | -184.4% | -184.6% |
| Gross Margin | 29.0% | 55.0% | 53.8% | -26.0pp | -24.9pp |
| Net Margin | -12.2% | 13.1% | 12.9% | -25.3pp | -25.1pp |
| EPS (Diluted) | $-0.85 | $0.99 | $0.92 | -185.9% | -192.4% |
| Free Cash Flow | -$324M | -$169M | $289M | -91.7% | -212.1% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $758M |
| R&D Expenses | $0 |
| Selling & Marketing | $44M |
| General & Administrative | $560M |
| SG&A Expenses | $604M |
| Other Expenses | $565M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | -$411M |
| Interest Income | $2.4B |
| Interest Expense | $957M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$411M |
| Income Tax Expense | -$92M |
| Net Income from Continuing Ops | -$319M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$319M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$319M |
| D&A | $386M |
| EBIT | -$411M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$319M |
| Depreciation & Amortization | $386M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $928M |
| Change in Working Capital | -$181M |
| OPERATING CASH FLOW | $814M |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.3B |
| Sales/Maturities of Investments | $5.6B |
| Other Investing Activities | $468M |
| NET CASH FROM INVESTING | -$325M |
| Net Debt Issuance | $812M |
| Common Stock Repurchased | -$104M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | $2.2B |
| FREE CASH FLOW | -$324M |
| Net Change in Cash | $2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.2B |
| Short-Term Investments | $26.2B |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $34.4B |
| PP&E (Net) | $9.8B |
| Goodwill | $393M |
| Intangible Assets | $64M |
| Long-Term Investments | $132.2B |
| Tax Assets | $227M |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $148.2B |
| TOTAL ASSETS | $182.5B |
| Account Payables | $1.5B |
| Short-Term Debt | $9.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $122.3B |
| TOTAL CURRENT LIABILITIES | $133.3B |
| Long-Term Debt | $31.1B |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $35.7B |
| TOTAL LIABILITIES | $169.0B |
| Common Stock | $21.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$5.5B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | $706M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.5B |
| TOTAL LIABILITIES & EQUITY | $182.5B |
| Total Debt | $40.8B |
| Net Debt | $34.6B |
