| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $956M | $670M | 6.4% | 51.9% |
| Op. Income | -$382M | -$491M | -$270M | 22.2% | -41.4% |
| Gross Margin | 50.6% | 39.2% | 45.2% | 11.3pp | 5.4pp |
| Net Margin | -35.0% | -48.5% | -37.2% | 13.5pp | 2.2pp |
| EPS (Diluted) | $-1.17 | $-1.57 | $-1.05 | 25.5% | -11.4% |
| Free Cash Flow | -$96M | -$50M | -$173M | -91.1% | 44.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $503M |
| GROSS PROFIT | $514M |
| R&D Expenses | $277M |
| Selling & Marketing | $194M |
| General & Administrative | $278M |
| SG&A Expenses | $472M |
| Other Expenses | $147M |
| Operating Expenses | $896M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$382M |
| Interest Income | $24M |
| Interest Expense | $0 |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | -$358M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$356M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$356M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$356M |
| D&A | $24M |
| EBIT | -$382M |
| EBITDA | -$358M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$356M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $204M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $79M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$1.7B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $358M |
| Short-Term Investments | $2.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $630M |
| Goodwill | $159M |
| Intangible Assets | $83M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $386M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | -$5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $476M |
| Net Debt | $118M |
