| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.0B | $1.1B | 41.6% | 37.2% |
| Op. Income | -$540M | $130M | $130M | -515.9% | -515.6% |
| Gross Margin | -20.0% | 35.1% | 35.5% | -55.0pp | -55.5pp |
| Net Margin | -35.8% | 9.8% | 9.3% | -45.5pp | -45.1pp |
| EPS (Diluted) | $-3.22 | $0.61 | $0.59 | -627.9% | -645.8% |
| Free Cash Flow | -$129M | $172M | $155M | -175.0% | -182.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | -$296M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $244M |
| Operating Expenses | $244M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | -$540M |
| Interest Income | $0 |
| Interest Expense | $39M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$540M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$530M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$530M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$530M |
| D&A | $69M |
| EBIT | -$501M |
| EBITDA | -$432M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$530M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $684M |
| Change in Working Capital | $115M |
| OPERATING CASH FLOW | -$129M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$74M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | $67M |
| NET CASH FROM FINANCING | $52M |
| FREE CASH FLOW | -$129M |
| Net Change in Cash | -$150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $18.5B |
| Net Receivables | $0 |
| Inventory | $483M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $539M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.6B |
| Long-Term Investments | $20.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$14.8B |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $31.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.0B |
| TOTAL CURRENT LIABILITIES | $24.0B |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23.5B |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $28.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $404M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $31.6B |
| Total Debt | $4.0B |
| Net Debt | $3.9B |
