| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $571M | $158M | — | 261.4% | — |
| Op. Income | -$275M | -$235M | — | -17.0% | — |
| Gross Margin | 97.3% | 94.6% | — | 2.6pp | — |
| Net Margin | -47.7% | -148.0% | — | 100.2pp | — |
| EPS (Diluted) | $-0.69 | $-0.59 | — | -16.9% | — |
| Free Cash Flow | $1.2B | $873M | -$102M | 42.1% | 1311.5% |
| Item | Amount |
|---|---|
| REVENUE | $571M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $555M |
| R&D Expenses | $759M |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | -$8M |
| Operating Expenses | $830M |
| Cost & Expenses | $846M |
| OPERATING INCOME | -$275M |
| Interest Income | $4M |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$271M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$272M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$272M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$272M |
| D&A | $8M |
| EBIT | -$268M |
| EBITDA | -$260M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$272M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $67M |
| Change in Working Capital | $1.4B |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$630M |
| Sales/Maturities of Investments | $463M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$190M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.4B |
| Inventory | $47M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $387M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $639M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.9B |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $177M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $387M |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $237M |
| Net Debt | -$2.4B |
