| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $661M | $492M | $2.0B | 34.3% | -67.5% |
| Op. Income | -$454M | -$516M | $227M | 12.0% | -300.0% |
| Gross Margin | -25.3% | -63.0% | 35.2% | 37.7pp | -60.5pp |
| Net Margin | -56.4% | -79.9% | 7.9% | 23.4pp | -64.4pp |
| EPS (Diluted) | $-1.34 | $-1.44 | $0.56 | 6.9% | -339.3% |
| Free Cash Flow | -$655M | -$608M | -$228M | -7.7% | -187.3% |
| Item | Amount |
|---|---|
| REVENUE | $661M |
| Cost of Revenue | $829M |
| GROSS PROFIT | -$167M |
| R&D Expenses | $0 |
| Selling & Marketing | $26M |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $261M |
| Operating Expenses | $287M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$454M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | -$512M |
| Income Tax Expense | -$139M |
| Net Income from Continuing Ops | -$373M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$373M |
| Net Income Deductions | $8M |
| BOTTOM LINE NET INCOME | -$381M |
| D&A | $84M |
| EBIT | -$523M |
| EBITDA | -$439M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$373M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | -$184M |
| OPERATING CASH FLOW | -$460M |
| Capital Expenditure | -$195M |
| Acquisitions (Net) | $186M |
| Purchases of Investments | -$800M |
| Sales/Maturities of Investments | $230M |
| Other Investing Activities | -$185M |
| NET CASH FROM INVESTING | -$764M |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $614M |
| FREE CASH FLOW | -$655M |
| Net Change in Cash | -$610M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.1B |
| Net Receivables | $98M |
| Inventory | $71M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $9.2B |
| Goodwill | $0 |
| Intangible Assets | $261M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $595M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $13.4B |
| Account Payables | $365M |
| Short-Term Debt | $450M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $616M |
| Deferred Tax Liabilities | $922M |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $5M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $3.0B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $5.7B |
| Net Debt | $3.8B |
