| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $329M | $414M | -30.1% | -44.4% |
| Op. Income | -$58M | -$6M | $28M | -866.7% | -307.1% |
| Gross Margin | 0.9% | 15.2% | 22.7% | -14.3pp | -21.8pp |
| Net Margin | -6.1% | 5.8% | 31.2% | -11.9pp | -37.2pp |
| EPS (Diluted) | $-0.44 | $0.33 | $2.90 | -233.3% | -115.2% |
| Free Cash Flow | $8M | -$37M | $0 | 121.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $2M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $14M |
| Operating Expenses | $60M |
| Cost & Expenses | $288M |
| OPERATING INCOME | -$58M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | -$7M |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $15M |
| EBIT | -$41M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | -$56M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $246M |
| Short-Term Investments | $0 |
| Net Receivables | $232M |
| Inventory | $236M |
| Other Current Assets | $164M |
| TOTAL CURRENT ASSETS | $878M |
| PP&E (Net) | $246M |
| Goodwill | $12M |
| Intangible Assets | $60M |
| Long-Term Investments | $112M |
| Tax Assets | $160M |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $633M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $130M |
| Short-Term Debt | $396M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $778M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $520M |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $534M |
| TOTAL NON-CURRENT LIABILITIES | $563M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $617M |
| Retained Earnings | -$200M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$411M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $170M |
| Minority Interest | $0 |
| TOTAL EQUITY | $170M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $401M |
| Net Debt | $155M |
