| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $1.0B | 4.0% | 7.0% |
| Op. Income | -$414M | -$273M | -$378M | -51.3% | -9.3% |
| Gross Margin | -10.5% | 1.8% | -10.7% | -12.3pp | 0.2pp |
| Net Margin | -49.9% | -32.7% | -45.4% | -17.1pp | -4.4pp |
| EPS (Diluted) | $-0.75 | $-0.47 | $-0.64 | -58.7% | -17.5% |
| Free Cash Flow | $43M | $130M | $0 | -67.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | -$114M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $69.8K |
| Operating Expenses | $300M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$414M |
| Interest Income | $17M |
| Interest Expense | $37M |
| Other Income/Expenses | -$121M |
| INCOME BEFORE TAX | -$534M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$537M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$539M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$539M |
| D&A | $615M |
| EBIT | -$497M |
| EBITDA | -$401M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$539M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $582M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$135M |
| NET CASH FROM INVESTING | -$135M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $658M |
| Short-Term Investments | $999M |
| Net Receivables | $481M |
| Inventory | $378M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $346M |
| Goodwill | $568M |
| Intangible Assets | $1.9B |
| Long-Term Investments | $425M |
| Tax Assets | $3M |
| Other Non-Current Assets | $549M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $1.5B |
| Short-Term Debt | $566M |
| Deferred Revenue | $344M |
| Other Current Liabilities | $524M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $159M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $47.3K |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $364M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $23M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $2.5B |
| Net Debt | $1.9B |
