| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $956M | $867M | $585M | 10.2% | 63.4% |
| Op. Income | -$491M | -$673M | -$269M | 27.1% | -82.7% |
| Gross Margin | 39.2% | 27.3% | 44.8% | 11.9pp | -5.6pp |
| Net Margin | -48.5% | -74.3% | -42.6% | 25.8pp | -5.9pp |
| EPS (Diluted) | $-1.57 | $-2.23 | $-1.05 | 29.6% | -49.5% |
| Free Cash Flow | -$50M | -$28M | -$53M | -80.1% | 5.8% |
| Item | Amount |
|---|---|
| REVENUE | $956M |
| Cost of Revenue | $581M |
| GROSS PROFIT | $375M |
| R&D Expenses | $288M |
| Selling & Marketing | $164M |
| General & Administrative | $264M |
| SG&A Expenses | $428M |
| Other Expenses | $150M |
| Operating Expenses | $866M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$491M |
| Interest Income | $29M |
| Interest Expense | $0 |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | -$462M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$463M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$463M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$463M |
| D&A | $30M |
| EBIT | -$462M |
| EBITDA | -$431M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$463M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $242M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $193M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.5B |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $200M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | $143M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $544M |
| Short-Term Investments | $2.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $572M |
| Goodwill | $151M |
| Intangible Assets | $90M |
| Long-Term Investments | $1.2B |
| Tax Assets | -$1.2B |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $36M |
| Short-Term Debt | $89M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $365M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $8.2B |
| Retained Earnings | -$5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $448M |
| Net Debt | -$96M |
