| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $492M | $215M | $2.1B | 128.8% | -76.4% |
| Op. Income | -$516M | -$410M | $247M | -25.9% | -308.9% |
| Gross Margin | -63.0% | -205.6% | 34.8% | 142.6pp | -97.8pp |
| Net Margin | -79.9% | -148.8% | 9.0% | 69.0pp | -88.8pp |
| EPS (Diluted) | $-1.44 | $-1.18 | $0.63 | -22.0% | -328.6% |
| Free Cash Flow | -$608M | $32M | $23M | -2000.0% | -2743.5% |
| Item | Amount |
|---|---|
| REVENUE | $492M |
| Cost of Revenue | $802M |
| GROSS PROFIT | -$310M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $182M |
| Operating Expenses | $206M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$516M |
| Interest Income | $0 |
| Interest Expense | $62M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | -$578M |
| Income Tax Expense | -$185M |
| Net Income from Continuing Ops | -$393M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$393M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$393M |
| D&A | $128M |
| EBIT | -$628M |
| EBITDA | -$500M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$393M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$153M |
| Other Non-Cash Items | -$128M |
| Change in Working Capital | $95M |
| OPERATING CASH FLOW | -$446M |
| Capital Expenditure | -$162M |
| Acquisitions (Net) | $152M |
| Purchases of Investments | -$301M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $56M |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$608M |
| Net Change in Cash | -$566M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $566M |
| Net Receivables | $91M |
| Inventory | $70M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $9.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $767M |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $13.4B |
| Account Payables | $407M |
| Short-Term Debt | $400M |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $512M |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $83M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $9.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $3.3B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $5.7B |
| Net Debt | $3.3B |
