| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $3.8B | — | 6.7% | — |
| Op. Income | $344M | $34M | — | 910.7% | — |
| Gross Margin | 41.7% | 38.8% | — | 2.9pp | — |
| Net Margin | -22.7% | 9.2% | — | -31.9pp | — |
| EPS (Diluted) | $-2.68 | $1.00 | — | -366.3% | — |
| Free Cash Flow | $1.3B | $819M | — | 57.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $685M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $680M |
| Other Expenses | $0 |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $344M |
| Interest Income | $246M |
| Interest Expense | $115M |
| Other Income/Expenses | -$1.4B |
| INCOME BEFORE TAX | -$1.0B |
| Income Tax Expense | $136M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$931M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$931M |
| D&A | $1.1B |
| EBIT | -$926M |
| EBITDA | $133M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$931M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $178M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.2B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.9B |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$301M |
| NET CASH FROM FINANCING | -$301M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | -$842M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $17.6B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $22.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.8B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $11.5B |
| Tax Assets | $262M |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $21.6B |
| TOTAL ASSETS | $44.2B |
| Account Payables | $5.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $151M |
| Deferred Tax Liabilities | $620M |
| Other Non-Current Liabilities | $696M |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $19.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $17.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.1B |
| Minority Interest | $1.6B |
| TOTAL EQUITY | $24.7B |
| TOTAL LIABILITIES & EQUITY | $44.2B |
| Total Debt | $11.0B |
| Net Debt | $8.9B |
