| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222M | $283M | $356M | -21.8% | -37.8% |
| Op. Income | -$26M | -$12M | -$40M | -114.6% | 35.2% |
| Gross Margin | -0.7% | 10.9% | -1.2% | -11.5pp | 0.5pp |
| Net Margin | -4.4% | -5.8% | 5.8% | 1.4pp | -10.2pp |
| EPS (Diluted) | $-0.02 | $-0.04 | $0.05 | 40.4% | -148.6% |
| Free Cash Flow | $152M | -$60M | $192M | 356.0% | -20.6% |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $223M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $5M |
| Operating Expenses | $24M |
| Cost & Expenses | $247M |
| OPERATING INCOME | -$26M |
| Interest Income | $8M |
| Interest Expense | $14M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $51M |
| EBIT | $13M |
| EBITDA | $64M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $110M |
| OPERATING CASH FLOW | $170M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $297M |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | $320M |
| Net Debt Issuance | -$366M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$376M |
| FREE CASH FLOW | $152M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $599M |
| Short-Term Investments | $33M |
| Net Receivables | $142M |
| Inventory | $459M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $183M |
| Tax Assets | $731M |
| Other Non-Current Assets | $462M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $117M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $102M |
| TOTAL CURRENT LIABILITIES | $219M |
| Long-Term Debt | $728M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $953M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $175M |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $190.0K |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $728M |
| Net Debt | $129M |
