Reported December 30, 2020
| Metric | FY 2020 | Prior Q | FY 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | — | $233M | — | -5.0% |
| Op. Income | $23M | — | $24M | — | -1.5% |
| Gross Margin | 15.7% | — | 15.2% | — | 0.5pp |
| Net Margin | -24.3% | — | -14.2% | — | -10.1pp |
| EPS (Diluted) | $-0.10 | — | $-0.06 | — | -62.8% |
| Free Cash Flow | -$115M | — | -$67M | — | -71.2% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $10M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $198M |
| OPERATING INCOME | $23M |
| Interest Income | $888.0K |
| Interest Expense | $18M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $24M |
| EBIT | -$53M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $101M |
| NET CASH FROM FINANCING | $110M |
| FREE CASH FLOW | -$115M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $4M |
| Net Receivables | $46M |
| Inventory | $12M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $129M |
| PP&E (Net) | $448M |
| Goodwill | $0 |
| Intangible Assets | $398.0K |
| Long-Term Investments | $0 |
| Tax Assets | $66.0K |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $473M |
| TOTAL ASSETS | $602M |
| Account Payables | $22M |
| Short-Term Debt | $371M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $453M |
| Long-Term Debt | $864.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $958.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $216M |
| TOTAL LIABILITIES | $669M |
| Common Stock | $34M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$101M |
| TOTAL STOCKHOLDERS' EQUITY | -$67M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$67M |
| TOTAL LIABILITIES & EQUITY | $602M |
| Total Debt | $608M |
| Net Debt | $556M |