Q1 2016 Earnings

Reported March 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$725M	—	—	—	—
Op. Income	-$124M	—	—	—	—
Gross Margin	5.0%	—	—	—	—
Net Margin	-22.5%	—	—	—	—
EPS (Diluted)	$-1.11	—	—	—	—

Income Statement

Item	Amount
REVENUE	$725M
Cost of Revenue	$689M
GROSS PROFIT	$36M
R&D Expenses	$49M
Selling & Marketing	$1M
General & Administrative	$110M
SG&A Expenses	$111M
Other Expenses	$0
Operating Expenses	$160M
Cost & Expenses	$849M
OPERATING INCOME	-$124M
Interest Income	$0
Interest Expense	-$36M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	-$160M
Income Tax Expense	$2M
Net Income from Continuing Ops	-$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$163M
D&A	-$73M
EBIT	-$197M
EBITDA	-$197M
EPS	-$1
EPS Diluted	-$1