| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $493M | 3.1% | 122.8% |
| Op. Income | -$408M | -$218M | -$185M | -87.3% | -119.9% |
| Gross Margin | 75.6% | 78.1% | 77.0% | -2.5pp | -1.4pp |
| Net Margin | -31.1% | -13.8% | -32.6% | -17.3pp | 1.5pp |
| EPS (Diluted) | $-0.29 | $-0.13 | $-0.18 | -127.3% | -66.7% |
| Free Cash Flow | $383M | $605M | $36M | -36.7% | 948.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $268M |
| GROSS PROFIT | $830M |
| R&D Expenses | $165M |
| Selling & Marketing | $1.0B |
| General & Administrative | $64M |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.2B |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$408M |
| Interest Income | $61M |
| Interest Expense | $898.6K |
| Other Income/Expenses | $67M |
| INCOME BEFORE TAX | -$341M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$341M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$341M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$341M |
| D&A | $18M |
| EBIT | -$408M |
| EBITDA | -$390M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$341M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $98M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $626M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $383M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2.4B |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | $383M |
| Net Change in Cash | -$920M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $3.6B |
| Net Receivables | $260M |
| Inventory | $0 |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $9.0B |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $319M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $436M |
| TOTAL ASSETS | $9.4B |
| Account Payables | $2.9B |
| Short-Term Debt | $0 |
| Deferred Revenue | $55M |
| Other Current Liabilities | $972M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $751M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $789M |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $21.6K |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $264M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $800M |
| Net Debt | -$1.5B |
