| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $956M | — | $664M | — | 43.9% |
| Op. Income | -$643M | — | -$310M | — | -107.4% |
| Gross Margin | 72.0% | — | 80.8% | — | -8.8pp |
| Net Margin | -63.0% | — | -41.3% | — | -21.7pp |
| EPS (Diluted) | $-0.52 | — | $-0.24 | — | -117.1% |
| Free Cash Flow | -$83M | — | -$225M | — | 63.3% |
| Item | Amount |
|---|---|
| REVENUE | $956M |
| Cost of Revenue | $267M |
| GROSS PROFIT | $688M |
| R&D Expenses | $215M |
| Selling & Marketing | $1.1B |
| General & Administrative | $49M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$643M |
| Interest Income | $67M |
| Interest Expense | $22M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | -$602M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$602M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$602M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$602M |
| D&A | $23M |
| EBIT | -$643M |
| EBITDA | -$619M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$602M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $118M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $401M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$231M |
| NET CASH FROM INVESTING | -$231M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $176M |
| NET CASH FROM FINANCING | $176M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $808M |
| Short-Term Investments | $5.4B |
| Net Receivables | $384M |
| Inventory | $0 |
| Other Current Assets | $4.1B |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $273M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $451M |
| TOTAL ASSETS | $11.1B |
| Account Payables | $4.2B |
| Short-Term Debt | $309M |
| Deferred Revenue | $91M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $793M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $853M |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $21.6K |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $266M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $1.2B |
| Net Debt | $370M |
