| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $911M | $1.2B | — | -20.9% | — |
| Op. Income | -$26M | -$33M | — | 20.2% | — |
| Gross Margin | 24.9% | 23.5% | — | 1.4pp | — |
| Net Margin | -10.2% | -10.6% | — | 0.5pp | — |
| EPS (Diluted) | $-1.20 | $-1.60 | — | 25.0% | — |
| Free Cash Flow | -$85M | $116M | — | -173.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $911M |
| Cost of Revenue | $684M |
| GROSS PROFIT | $227M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $222M |
| Other Expenses | -$2M |
| Operating Expenses | $253M |
| Cost & Expenses | $937M |
| OPERATING INCOME | -$26M |
| Interest Income | $1M |
| Interest Expense | $48M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $48M |
| EBIT | -$25M |
| EBITDA | $23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$39M |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $319M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $314M |
| FREE CASH FLOW | -$85M |
| Net Change in Cash | $231M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $512M |
| Short-Term Investments | $14M |
| Net Receivables | $595M |
| Inventory | $476M |
| Other Current Assets | $406M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $216M |
| Goodwill | $736M |
| Intangible Assets | $468M |
| Long-Term Investments | $18M |
| Tax Assets | $119M |
| Other Non-Current Assets | $237M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $499M |
| Short-Term Debt | $103M |
| Deferred Revenue | $371M |
| Other Current Liabilities | $501M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $415M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $117M |
| Additional Paid-In Capital | $777M |
| Retained Earnings | -$565M |
| Treasury Stock | -$577M |
| Accum. Other Comp. Income | -$480M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$728M |
| Minority Interest | $38M |
| TOTAL EQUITY | -$690M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $2.5B |
| Net Debt | $1.9B |
