| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $679M | $454M | $446M | 49.4% | 52.1% |
| Op. Income | -$168M | -$311M | -$229M | 46.0% | 26.6% |
| Gross Margin | 56.8% | 44.9% | 50.0% | 12.0pp | 6.8pp |
| Net Margin | -29.4% | -71.8% | -51.0% | 42.3pp | 21.5pp |
| EPS (Diluted) | $-0.14 | $-0.23 | $-0.16 | 39.1% | 12.5% |
| Free Cash Flow | -$70M | -$82M | -$84M | 15.5% | 17.3% |
| Item | Amount |
|---|---|
| REVENUE | $679M |
| Cost of Revenue | $293M |
| GROSS PROFIT | $386M |
| R&D Expenses | $284M |
| Selling & Marketing | $144M |
| General & Administrative | $126M |
| SG&A Expenses | $270M |
| Other Expenses | $0 |
| Operating Expenses | $553M |
| Cost & Expenses | $847M |
| OPERATING INCOME | -$168M |
| Interest Income | $3M |
| Interest Expense | $28M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$199M |
| Income Tax Expense | $909.0K |
| Net Income from Continuing Ops | -$200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$200M |
| D&A | $22M |
| EBIT | -$171M |
| EBITDA | -$149M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$200M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $192M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$34M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $825M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$375M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | -$428M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $824M |
| Short-Term Investments | $1.9B |
| Net Receivables | $530M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $444M |
| Goodwill | $816M |
| Intangible Assets | $92M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $150M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $62M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $610M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | -$7.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $2.0B |
| Net Debt | $1.2B |
