| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $956M | $1.0B | $776M | -6.0% | 23.2% |
| Op. Income | -$414M | -$382M | -$1.2B | -8.5% | 64.2% |
| Gross Margin | 43.2% | 50.6% | 40.4% | -7.3pp | 2.9pp |
| Net Margin | -41.7% | -35.0% | -146.7% | -6.6pp | 105.1pp |
| EPS (Diluted) | $-1.31 | $-1.17 | $-3.98 | -12.0% | 67.1% |
| Free Cash Flow | -$241M | -$96M | -$110M | -151.9% | -119.6% |
| Item | Amount |
|---|---|
| REVENUE | $956M |
| Cost of Revenue | $542M |
| GROSS PROFIT | $413M |
| R&D Expenses | $259M |
| Selling & Marketing | $196M |
| General & Administrative | $238M |
| SG&A Expenses | $435M |
| Other Expenses | $134M |
| Operating Expenses | $827M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$414M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$396M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$398M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$398M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$398M |
| D&A | $35M |
| EBIT | -$395M |
| EBITDA | -$359M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$398M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $160M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$280.0K |
| OPERATING CASH FLOW | -$207M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | $960.0K |
| NET CASH FROM INVESTING | $788M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | -$241M |
| Net Change in Cash | $241M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $598M |
| Short-Term Investments | $2.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $668M |
| Goodwill | $181M |
| Intangible Assets | $89M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $540M |
| Short-Term Debt | $46M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $413M |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $8.6B |
| Retained Earnings | -$5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $478M |
| Net Debt | -$120M |
