| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $710M | $1.9B | $1.4B | -62.9% | -49.7% |
| Op. Income | -$581M | $618M | $197M | -194.0% | -394.9% |
| Gross Margin | -23.1% | 54.1% | 42.7% | -77.2pp | -65.8pp |
| Net Margin | -63.7% | 28.9% | 45.5% | -92.5pp | -109.2pp |
| EPS (Diluted) | $-2.78 | $3.38 | $3.88 | -182.2% | -171.6% |
| Free Cash Flow | $349M | $357M | $304M | -2.2% | 14.8% |
| Item | Amount |
|---|---|
| REVENUE | $710M |
| Cost of Revenue | $874M |
| GROSS PROFIT | -$164M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $417M |
| Operating Expenses | $417M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$581M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$581M |
| Income Tax Expense | -$129M |
| NET INCOME | -$452M |
| D&A | $15M |
| EBIT | -$568M |
| EBITDA | -$553M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$452M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$177M |
| Other Non-Cash Items | $785M |
| Change in Working Capital | $178M |
| OPERATING CASH FLOW | $355M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$411M |
| Sales/Maturities of Investments | $347M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$85M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$116M |
| FREE CASH FLOW | $349M |
| Net Change in Cash | $168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $784M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $0 |
| Other Current Assets | -$13.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $195M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$16.8B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $21.9B |
| Account Payables | $0 |
| Short-Term Debt | $32M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$32M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $788M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $14.1B |
| Common Stock | $397M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $7.6B |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $21.9B |
| Total Debt | $866M |
| Net Debt | $82M |
