| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $502M | $215M | $0 | 133.8% | — |
| Op. Income | -$504M | -$411M | -$244M | -22.7% | -106.4% |
| Gross Margin | 0.4% | -7.9% | — | 8.3pp | — |
| Net Margin | -102.4% | -192.8% | — | 90.5pp | — |
| EPS (Diluted) | $-0.49 | $-0.65 | $-0.06 | 23.8% | -742.5% |
| Free Cash Flow | -$495M | -$359M | -$242M | -37.9% | -104.9% |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $500M |
| GROSS PROFIT | $2M |
| R&D Expenses | $221M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $284M |
| Other Expenses | $0 |
| Operating Expenses | $506M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$504M |
| Interest Income | $9M |
| Interest Expense | $11M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$509M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$512M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$514M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$514M |
| D&A | $28M |
| EBIT | -$498M |
| EBITDA | -$471M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$512M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | -$377M |
| Capital Expenditure | -$118M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$835M |
| Sales/Maturities of Investments | $429M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$525M |
| Net Debt Issuance | $225M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $373M |
| FREE CASH FLOW | -$495M |
| Net Change in Cash | -$524M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $458M |
| Short-Term Investments | $753M |
| Net Receivables | $111M |
| Inventory | $214M |
| Other Current Assets | $190M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $709M |
| Goodwill | $0 |
| Intangible Assets | $32M |
| Long-Term Investments | $22M |
| Tax Assets | $1M |
| Other Non-Current Assets | $211M |
| TOTAL NON-CURRENT ASSETS | $975M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $419M |
| Short-Term Debt | $302M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $171M |
| Deferred Revenue NC | $80M |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $136M |
| TOTAL NON-CURRENT LIABILITIES | $501M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $264.3K |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$5.1B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $999M |
| Minority Interest | -$2M |
| TOTAL EQUITY | $997M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $473M |
| Net Debt | $15M |
