| Metric | Q2 2019 | Q1 2019 | Q2 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $860M | — | $841M | — | 2.3% |
| Op. Income | -$51M | — | -$189M | — | 72.8% |
| Gross Margin | 39.7% | — | 30.1% | — | 9.6pp |
| Net Margin | -12.6% | — | -28.7% | — | 16.1pp |
| EPS (Diluted) | $-0.31 | — | $-0.70 | — | 55.7% |
| Free Cash Flow | -$232M | — | -$314M | — | 26.0% |
| Item | Amount |
|---|---|
| REVENUE | $860M |
| Cost of Revenue | $519M |
| GROSS PROFIT | $341M |
| R&D Expenses | $0 |
| Selling & Marketing | $84M |
| General & Administrative | $308M |
| SG&A Expenses | $393M |
| Other Expenses | $0 |
| Operating Expenses | $393M |
| Cost & Expenses | $911M |
| OPERATING INCOME | -$51M |
| Interest Income | $2M |
| Interest Expense | $46M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$108M |
| D&A | $61M |
| EBIT | -$50M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$108M |
| Depreciation & Amortization | $61M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $102.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$194M |
| OPERATING CASH FLOW | -$208M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$711.0K |
| Other Investing Activities | -$223.0K |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15.0K |
| NET CASH FROM FINANCING | $46M |
| FREE CASH FLOW | -$232M |
| Net Change in Cash | -$186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $756M |
| Inventory | $722M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $913M |
| Goodwill | $1.4B |
| Intangible Assets | $567M |
| Long-Term Investments | -$2.0B |
| Tax Assets | $50M |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $416M |
| Short-Term Debt | $45M |
| Deferred Revenue | -$515M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $411M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $441M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $1.3B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$840M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $421M |
| Minority Interest | $0 |
| TOTAL EQUITY | $421M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $3.2B |
| Net Debt | $3.0B |
