| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $590M | $457M | $744M | 28.9% | -20.7% |
| Op. Income | -$31M | -$116M | $125M | 73.2% | -124.8% |
| Gross Margin | 4.2% | -12.3% | 24.8% | 16.4pp | -20.6pp |
| Net Margin | -7.9% | 7.4% | 9.8% | -15.2pp | -17.6pp |
| EPS (Diluted) | $-0.93 | $0.66 | $1.43 | -240.9% | -165.0% |
| Free Cash Flow | -$192M | $46M | -$64M | -512.7% | -200.6% |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $565M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $621M |
| OPERATING INCOME | -$31M |
| Interest Income | $227.0K |
| Interest Expense | $32M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $110M |
| EBIT | -$27M |
| EBITDA | $83M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $110M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$277M |
| Acquisitions (Net) | $29M |
| Purchases of Investments | -$499M |
| Sales/Maturities of Investments | $292M |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | -$422M |
| Net Debt Issuance | $135M |
| Common Stock Repurchased | $6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $135M |
| FREE CASH FLOW | -$192M |
| Net Change in Cash | -$203M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $610M |
| Net Receivables | $38M |
| Inventory | $91M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $983M |
| PP&E (Net) | $5.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $26M |
| Tax Assets | $324M |
| Other Non-Current Assets | $235M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $279M |
| Short-Term Debt | $485M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $942M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $111M |
| Deferred Tax Liabilities | $950M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $5.1B |
| Common Stock | $705M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.1B |
| Treasury Stock | -$617M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $3.5B |
| Net Debt | $3.3B |
