| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $818M | $831M | $789M | -1.5% | 3.7% |
| Op. Income | -$323M | $141M | -$604M | -330.0% | 46.5% |
| Gross Margin | 5.2% | 52.3% | 52.6% | -47.1pp | -47.4pp |
| Net Margin | -33.3% | 11.9% | -86.3% | -45.2pp | 53.0pp |
| EPS (Diluted) | $-1.01 | $0.36 | $-2.46 | -380.6% | 58.9% |
| Free Cash Flow | $104M | $82M | $70M | 27.1% | 48.0% |
| Item | Amount |
|---|---|
| REVENUE | $818M |
| Cost of Revenue | $776M |
| GROSS PROFIT | $42M |
| R&D Expenses | $57M |
| Selling & Marketing | $134M |
| General & Administrative | $90M |
| SG&A Expenses | $223M |
| Other Expenses | $4M |
| Operating Expenses | $295M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$323M |
| Interest Income | $800.0K |
| Interest Expense | $35M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$354M |
| Income Tax Expense | -$81M |
| Net Income from Continuing Ops | -$273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$273M |
| D&A | $118M |
| EBIT | -$319M |
| EBITDA | -$201M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$273M |
| Depreciation & Amortization | $118M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$123M |
| Other Non-Cash Items | $447M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $134M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $401M |
| Short-Term Investments | $0 |
| Net Receivables | $558M |
| Inventory | $443M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $470M |
| Goodwill | $2.6B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $165M |
| Short-Term Debt | $311M |
| Deferred Revenue | $174M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $335M |
| Other Non-Current Liabilities | $148M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | -$2.7B |
| Treasury Stock | -$876M |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $3.1B |
| Net Debt | $2.7B |
