| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $982M | $770M | $454M | 27.6% | 116.2% |
| Op. Income | -$193M | -$304M | -$311M | 36.6% | 38.0% |
| Gross Margin | 54.7% | 46.4% | 44.9% | 8.3pp | 9.8pp |
| Net Margin | -15.4% | -37.3% | -71.8% | 21.8pp | 56.3pp |
| EPS (Diluted) | $-0.10 | $-0.19 | $-0.23 | 48.4% | 57.4% |
| Free Cash Flow | -$116M | $126M | -$82M | -191.8% | -40.6% |
| Item | Amount |
|---|---|
| REVENUE | $982M |
| Cost of Revenue | $445M |
| GROSS PROFIT | $537M |
| R&D Expenses | $371M |
| Selling & Marketing | $180M |
| General & Administrative | $179M |
| SG&A Expenses | $359M |
| Other Expenses | $0 |
| Operating Expenses | $730M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$193M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | -$154M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$152M |
| D&A | $28M |
| EBIT | -$149M |
| EBITDA | -$121M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$152M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $257M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$44M |
| Change in Working Capital | -$190M |
| OPERATING CASH FLOW | -$101M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | -$796M |
| Sales/Maturities of Investments | $973M |
| Other Investing Activities | -$50.0K |
| NET CASH FROM INVESTING | $132M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$84M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | -$116M |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $1.4B |
| Net Receivables | $797M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $478M |
| Goodwill | $1.5B |
| Intangible Assets | $264M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $287M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $79M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $748M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $11.1B |
| Retained Earnings | -$8.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.9B |
| Net Debt | $855M |
