| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $3.3B | $2.8B | -31.5% | -19.4% |
| Op. Income | -$309M | $1.2B | $556M | -126.4% | -155.6% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -30.6% | 35.1% | 27.0% | -65.6pp | -57.5pp |
| EPS (Diluted) | $-0.68 | $1.11 | $0.67 | -161.3% | -200.9% |
| Free Cash Flow | -$460M | $990M | $39M | -146.5% | -1279.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $685M |
| SG&A Expenses | $1.9B |
| Other Expenses | $684M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | -$309M |
| Interest Income | $32M |
| Interest Expense | $64M |
| Other Income/Expenses | -$413M |
| INCOME BEFORE TAX | -$722M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$699M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$699M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$699M |
| D&A | $163M |
| EBIT | -$658M |
| EBITDA | -$495M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$699M |
| Depreciation & Amortization | $163M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$97M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$897M |
| OPERATING CASH FLOW | -$380M |
| Capital Expenditure | -$80M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.7B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | -$460M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.4B |
| Short-Term Investments | $826M |
| Net Receivables | $667M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9.3B |
| PP&E (Net) | $1.3B |
| Goodwill | $2.4B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $2.1B |
| Tax Assets | $786M |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $17.9B |
| Account Payables | $926M |
| Short-Term Debt | $995M |
| Deferred Revenue | $960M |
| Other Current Liabilities | $298M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $786M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $14.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $22.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$342M |
| Other Equity | -$18.4B |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $17.9B |
| Total Debt | $9.0B |
| Net Debt | $2.6B |
