| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $867M | $776M | $505M | 11.8% | 71.8% |
| Op. Income | -$673M | -$1.2B | -$194M | 41.8% | -247.5% |
| Gross Margin | 27.3% | 40.4% | 41.9% | -13.0pp | -14.6pp |
| Net Margin | -74.3% | -146.7% | -35.4% | 72.4pp | -38.9pp |
| EPS (Diluted) | $-2.23 | $-3.98 | $-0.75 | 44.0% | -197.3% |
| Free Cash Flow | -$28M | -$110M | -$42M | 74.7% | 34.2% |
| Item | Amount |
|---|---|
| REVENUE | $867M |
| Cost of Revenue | $630M |
| GROSS PROFIT | $237M |
| R&D Expenses | $310M |
| Selling & Marketing | $181M |
| General & Administrative | $267M |
| SG&A Expenses | $448M |
| Other Expenses | $152M |
| Operating Expenses | $910M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$673M |
| Interest Income | $30M |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | -$643M |
| Income Tax Expense | $991.0K |
| Net Income from Continuing Ops | -$644M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$644M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$644M |
| D&A | $31M |
| EBIT | -$643M |
| EBITDA | -$612M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$644M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $293M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $339M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | -$90.0K |
| Purchases of Investments | -$3.1B |
| Sales/Maturities of Investments | $734M |
| Other Investing Activities | $780.0K |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.4B |
| NET CASH FROM FINANCING | $2.4B |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $417M |
| Short-Term Investments | $2.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $485M |
| Goodwill | $151M |
| Intangible Assets | $100M |
| Long-Term Investments | $1.2B |
| Tax Assets | -$1.2B |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $13M |
| Short-Term Debt | $92M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $8.0B |
| Retained Earnings | -$4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $388M |
| Net Debt | -$30M |
