| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $414M | $357M | -23.2% | -10.9% |
| Op. Income | -$35M | $28M | -$40M | -225.0% | 12.5% |
| Gross Margin | 11.9% | 22.7% | 17.4% | -10.8pp | -5.4pp |
| Net Margin | -7.9% | 31.2% | 2.0% | -39.0pp | -9.8pp |
| EPS (Diluted) | $-0.70 | $2.90 | $0.05 | -124.1% | -1595.7% |
| Free Cash Flow | -$37M | $0 | -$60M | — | 38.3% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $38M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $2M |
| Operating Expenses | $73M |
| Cost & Expenses | $353M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $19M |
| EBIT | -$19M |
| EBITDA | $0 |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $313M |
| Short-Term Investments | $0 |
| Net Receivables | $256M |
| Inventory | $305M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $936M |
| PP&E (Net) | $311M |
| Goodwill | $32M |
| Intangible Assets | $83M |
| Long-Term Investments | $0 |
| Tax Assets | $186M |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $736M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $191M |
| Short-Term Debt | $4M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $419M |
| Long-Term Debt | $399M |
| Deferred Revenue NC | $612M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $636M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $628M |
| Retained Earnings | -$209M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$378M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $198M |
| Minority Interest | $0 |
| TOTAL EQUITY | $198M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $403M |
| Net Debt | $90M |
