| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $561M | $446M | $390M | 25.7% | 43.9% |
| Op. Income | -$254M | -$229M | -$195M | -10.8% | -30.2% |
| Gross Margin | 54.8% | 50.0% | 45.4% | 4.8pp | 9.4pp |
| Net Margin | -42.9% | -51.0% | -49.2% | 8.0pp | 6.3pp |
| EPS (Diluted) | $-0.17 | $-0.16 | $-0.14 | -6.3% | -21.4% |
| Free Cash Flow | -$76M | -$84M | -$149M | 9.7% | 49.0% |
| Item | Amount |
|---|---|
| REVENUE | $561M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $307M |
| R&D Expenses | $220M |
| Selling & Marketing | $126M |
| General & Administrative | $216M |
| SG&A Expenses | $342M |
| Other Expenses | $0 |
| Operating Expenses | $561M |
| Cost & Expenses | $814M |
| OPERATING INCOME | -$254M |
| Interest Income | $10M |
| Interest Expense | $15M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$240M |
| Income Tax Expense | $332.0K |
| Net Income from Continuing Ops | -$241M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$241M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$241M |
| D&A | $21M |
| EBIT | -$226M |
| EBITDA | -$205M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$241M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $167M |
| Deferred Income Tax | -$686.0K |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$98.0K |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$77M |
| Purchases of Investments | -$555M |
| Sales/Maturities of Investments | $497M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$144M |
| Net Debt Issuance | -$437.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$76M |
| Net Change in Cash | -$210M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $520M |
| Short-Term Investments | $1.6B |
| Net Receivables | $492M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $449M |
| Goodwill | $761M |
| Intangible Assets | $92M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $500M |
| Long-Term Debt | $892M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $9.2B |
| Retained Earnings | -$6.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $573.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.2B |
| Net Debt | $717M |
