| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $776M | $670M | $397M | 15.9% | 95.4% |
| Op. Income | -$1.2B | -$270M | -$245M | -328.4% | -371.5% |
| Gross Margin | 40.4% | 45.2% | 34.4% | -4.8pp | 6.0pp |
| Net Margin | -146.7% | -37.2% | -59.0% | -109.5pp | -87.7pp |
| EPS (Diluted) | $-3.98 | $-1.05 | $-0.98 | -279.0% | -306.1% |
| Free Cash Flow | -$110M | -$173M | -$83M | 36.6% | -32.9% |
| Item | Amount |
|---|---|
| REVENUE | $776M |
| Cost of Revenue | $463M |
| GROSS PROFIT | $313M |
| R&D Expenses | $631M |
| Selling & Marketing | $275M |
| General & Administrative | $377M |
| SG&A Expenses | $652M |
| Other Expenses | $187M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | -$1.2B |
| Interest Income | $20M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | -$1.1B |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.1B |
| D&A | $23M |
| EBIT | -$1.2B |
| EBITDA | -$1.1B |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$1.1B |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $859M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $103.0K |
| Change in Working Capital | $181M |
| OPERATING CASH FLOW | -$85M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$607M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $697M |
| NET CASH FROM INVESTING | $670M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$785M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$785M |
| NET CASH FROM FINANCING | -$788M |
| FREE CASH FLOW | -$110M |
| Net Change in Cash | -$203M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $330M |
| Short-Term Investments | $705M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $425M |
| Goodwill | $151M |
| Intangible Assets | $109M |
| Long-Term Investments | $993M |
| Tax Assets | -$993M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $39M |
| Short-Term Debt | $74M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $863M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.2B |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $150M |
| TOTAL STOCKHOLDERS' EQUITY | -$3.9B |
| Minority Interest | $5.2B |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $337M |
| Net Debt | $8M |
