| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $911M | $679M | $561M | 34.3% | 62.5% |
| Op. Income | -$97M | -$168M | -$254M | 42.1% | 61.7% |
| Gross Margin | 57.7% | 56.8% | 54.8% | 0.9pp | 2.9pp |
| Net Margin | -12.4% | -29.4% | -42.9% | 17.0pp | 30.5pp |
| EPS (Diluted) | $-0.08 | $-0.14 | $-0.17 | 45.6% | 55.2% |
| Free Cash Flow | -$69M | -$70M | -$76M | 0.8% | 9.1% |
| Item | Amount |
|---|---|
| REVENUE | $911M |
| Cost of Revenue | $386M |
| GROSS PROFIT | $526M |
| R&D Expenses | $318M |
| Selling & Marketing | $158M |
| General & Administrative | $158M |
| SG&A Expenses | $315M |
| Other Expenses | -$11M |
| Operating Expenses | $623M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$97M |
| Interest Income | $2M |
| Interest Expense | $29M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | -$113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$113M |
| D&A | $23M |
| EBIT | -$66M |
| EBITDA | -$43M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$113M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $220M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$188M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$115M |
| Purchases of Investments | -$964M |
| Sales/Maturities of Investments | $855M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$234M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$278M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $546M |
| Short-Term Investments | $2.0B |
| Net Receivables | $744M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $448M |
| Goodwill | $939M |
| Intangible Assets | $106M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $193M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $72M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $358M |
| TOTAL CURRENT LIABILITIES | $667M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $10.2B |
| Retained Earnings | -$7.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $2.0B |
| Net Debt | $1.5B |
