| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $288M | $316M | -7.3% | -15.6% |
| Op. Income | $416M | $213M | -$72M | 95.1% | 675.9% |
| Gross Margin | 172.3% | 51.5% | 32.9% | 120.8pp | 139.4pp |
| Net Margin | 13.1% | -14.9% | -0.7% | 27.9pp | 13.8pp |
| EPS (Diluted) | $3.90 | $-4.77 | $-0.30 | 181.8% | 1400.0% |
| Free Cash Flow | -$66M | $42M | -$23M | -257.0% | -182.6% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | -$193M |
| GROSS PROFIT | $459M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | -$6M |
| Operating Expenses | $43M |
| Cost & Expenses | -$150M |
| OPERATING INCOME | $416M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$379M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $6M |
| EBIT | $416M |
| EBITDA | $422M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | -$193M |
| GROSS PROFIT | $459M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | -$6M |
| Operating Expenses | $43M |
| Cost & Expenses | -$150M |
| OPERATING INCOME | $416M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$379M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $6M |
| EBIT | $416M |
| EBITDA | $422M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $807.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$350M |
| Sales/Maturities of Investments | $175M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$190M |
| Net Debt Issuance | $315M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $311M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $428M |
| Short-Term Investments | $0 |
| Net Receivables | $6.8B |
| Inventory | $0 |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $1.5B |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $511M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $64M |
| Short-Term Debt | $909M |
| Deferred Revenue | $488.0K |
| Other Current Liabilities | -$488.0K |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $488.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $90.0K |
| Additional Paid-In Capital | $558M |
| Retained Earnings | -$139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $412M |
| Minority Interest | $0 |
| TOTAL EQUITY | $412M |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $8.7B |
| Net Debt | $8.2B |
