| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $242M | — | 30.4% | — |
| Op. Income | -$72M | -$36M | — | -99.3% | — |
| Gross Margin | 32.9% | 35.6% | — | -2.7pp | — |
| Net Margin | -0.7% | -17.0% | — | 16.2pp | — |
| EPS (Diluted) | $-0.30 | $-4.65 | — | 93.5% | — |
| Free Cash Flow | -$23M | $91M | — | -125.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $104M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $37M |
| Operating Expenses | $176M |
| Cost & Expenses | $388M |
| OPERATING INCOME | -$72M |
| Interest Income | $4M |
| Interest Expense | $85M |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $9M |
| EBIT | -$72M |
| EBITDA | -$63M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $104M |
| Other Investing Activities | $134M |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | $112M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $109M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $329M |
| Short-Term Investments | $0 |
| Net Receivables | $5.9B |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $1.5B |
| Long-Term Investments | $3M |
| Tax Assets | $5M |
| Other Non-Current Assets | $321M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $53M |
| Short-Term Debt | $408M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $630M |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $554M |
| Retained Earnings | $4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $555M |
| Minority Interest | $0 |
| TOTAL EQUITY | $555M |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $7.4B |
| Net Debt | $7.1B |
