| Metric | Q4 2018 | Q3 2018 | Q4 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $826M | $493M | — | 67.7% | — |
| Op. Income | -$386M | -$185M | — | -108.0% | — |
| Gross Margin | 74.8% | 77.0% | — | -2.2pp | — |
| Net Margin | -42.9% | -32.6% | — | -10.3pp | — |
| EPS (Diluted) | $-0.32 | $-0.18 | — | -83.3% | — |
| Free Cash Flow | $838M | $36M | — | 2196.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $826M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $618M |
| R&D Expenses | $77M |
| Selling & Marketing | $880M |
| General & Administrative | $47M |
| SG&A Expenses | $927M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$386M |
| Interest Income | $34M |
| Interest Expense | $0 |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | -$354M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$354M |
| D&A | $23M |
| EBIT | $484M |
| EBITDA | $507M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$354M |
| Depreciation & Amortization | -$6M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $1.3B |
| Change in Working Capital | -$113M |
| OPERATING CASH FLOW | $838M |
| Capital Expenditure | $227.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$781M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $746M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $838M |
| Net Change in Cash | $791M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $1.1B |
| Net Receivables | $185M |
| Inventory | $0 |
| Other Current Assets | $2.5B |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $377M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $408M |
| TOTAL ASSETS | $6.3B |
| Account Payables | $2.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $686M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $20.7K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $151M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $0 |
| Net Debt | -$2.1B |
