| Metric | Q2 2020 | Q1 2020 | Q2 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $502M | $867M | $593M | -42.1% | -15.3% |
| Op. Income | -$116M | $484M | $184M | -124.0% | -162.9% |
| Gross Margin | 2.9% | 72.8% | 54.4% | -69.9pp | -51.6pp |
| Net Margin | -17.0% | 41.8% | 25.3% | -58.7pp | -42.3pp |
| EPS (Diluted) | $-0.23 | $0.87 | $0.35 | -126.4% | -165.7% |
| Free Cash Flow | -$207M | $144M | -$80M | -243.0% | -159.0% |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $488M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $80M |
| SG&A Expenses | $80M |
| Other Expenses | $51M |
| Operating Expenses | $130M |
| Cost & Expenses | $618M |
| OPERATING INCOME | -$116M |
| Interest Income | $485M |
| Interest Expense | $136M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | -$31M |
| Net Income from Continuing Ops | -$85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $4M |
| EBIT | -$116M |
| EBITDA | -$112M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$85M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $361M |
| Change in Working Capital | -$462M |
| OPERATING CASH FLOW | -$207M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | $366M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$261M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$856M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | -$207M |
| Net Change in Cash | -$2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $148M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $247M |
| TOTAL NON-CURRENT ASSETS | $21.6B |
| TOTAL ASSETS | $30.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.6B |
| TOTAL CURRENT LIABILITIES | $23.6B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $353M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $28.4B |
| Common Stock | $91M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$798M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $30.4B |
| Total Debt | $4.4B |
| Net Debt | -$539M |
