| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $79M | $347M | $154M | -77.2% | -48.7% |
| Op. Income | -$14M | $268M | $100M | -105.1% | -113.7% |
| Gross Margin | -0.4% | 81.1% | 70.5% | -81.4pp | -70.9pp |
| Net Margin | 74.1% | 20.2% | 27.0% | 54.0pp | 47.1pp |
| EPS (Diluted) | $0.55 | $0.71 | $0.55 | -22.5% | 0.0% |
| Free Cash Flow | -$653M | -$1.4B | $228M | 53.9% | -387.0% |
| Item | Amount |
|---|---|
| REVENUE | $79M |
| Cost of Revenue | $79M |
| GROSS PROFIT | -$290.0K |
| R&D Expenses | $473.0K |
| Selling & Marketing | $2M |
| General & Administrative | $11M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$14M |
| Interest Income | $95M |
| Interest Expense | $93M |
| Other Income/Expenses | $73M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $674.0K |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $0 |
| EBIT | $59M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$474M |
| Change in Working Capital | -$240M |
| OPERATING CASH FLOW | -$653M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$633M |
| Sales/Maturities of Investments | $135M |
| Other Investing Activities | $164M |
| NET CASH FROM INVESTING | -$334M |
| Net Debt Issuance | $528M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | $282M |
| NET CASH FROM FINANCING | $978M |
| FREE CASH FLOW | -$653M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $91M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | -$198M |
| TOTAL CURRENT ASSETS | $470 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $117M |
| Short-Term Debt | $8.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.5B |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $22M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $9.1B |
| Net Debt | $9.0B |
