| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $166M | $61M | -21.0% | 114.6% |
| Op. Income | $84M | $114M | $12M | -26.7% | 599.9% |
| Gross Margin | 74.8% | 90.0% | 32.9% | -15.2pp | 41.9pp |
| Net Margin | 63.8% | 68.8% | 19.6% | -5.0pp | 44.3pp |
| EPS (Diluted) | $0.23 | $0.31 | $0.03 | -25.8% | 666.7% |
| Free Cash Flow | -$238M | $111M | $100M | -314.9% | -338.6% |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $84M |
| Interest Income | $159M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $0 |
| EBIT | $84M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $8M |
| Operating Expenses | $14M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $84M |
| Interest Income | $159M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $84M |
| D&A | $0 |
| EBIT | $84M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $84M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$203M |
| Change in Working Capital | -$119M |
| OPERATING CASH FLOW | -$238M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $347M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$60M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $275M |
| FREE CASH FLOW | -$238M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $0 |
| Net Receivables | $134M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.9B |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $365.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$571M |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $2.7B |
| Net Debt | $2.5B |
