| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.1B | $1.3B | -16.0% | 40.4% |
| Op. Income | $177M | $348M | $38M | -49.1% | 365.8% |
| Gross Margin | 45.8% | 44.6% | 41.0% | 1.2pp | 4.8pp |
| Net Margin | 9.1% | 8.0% | 1.3% | 1.1pp | 7.8pp |
| EPS (Diluted) | $0.14 | $0.15 | $0.01 | -6.7% | 858.9% |
| Free Cash Flow | -$120M | $400M | -$275M | -130.0% | 56.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $968M |
| GROSS PROFIT | $818M |
| R&D Expenses | $442M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199M |
| Other Expenses | $0 |
| Operating Expenses | $641M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $177M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $78M |
| EBIT | $181M |
| EBITDA | $259M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $968M |
| GROSS PROFIT | $818M |
| R&D Expenses | $442M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $199M |
| Other Expenses | $0 |
| Operating Expenses | $641M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $177M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $162M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $166M |
| D&A | $78M |
| EBIT | $181M |
| EBITDA | $259M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $162M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$389M |
| OPERATING CASH FLOW | -$65M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$120M |
| Net Change in Cash | -$136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $55M |
| Net Receivables | $1.7B |
| Inventory | $1.1B |
| Other Current Assets | $224M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $761M |
| Goodwill | $289M |
| Intangible Assets | $194M |
| Long-Term Investments | $58M |
| Tax Assets | $0 |
| Other Non-Current Assets | $172M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $653M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $280M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $488M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $143M |
| TOTAL NON-CURRENT LIABILITIES | $842M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $12M |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | -$6.9B |
| Treasury Stock | -$54M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $699M |
| Net Debt | -$631M |
