| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.1B | -0.9% | 26.3% |
| Op. Income | -$48M | -$102M | -$163M | 52.9% | 70.5% |
| Gross Margin | 24.8% | 24.5% | 11.6% | 0.3pp | 13.2pp |
| Net Margin | -14.8% | -51.9% | -19.2% | 37.0pp | 4.3pp |
| EPS (Diluted) | $-0.96 | $-3.34 | $-1.12 | 71.3% | 14.6% |
| Free Cash Flow | $89M | $83M | $105M | 7.0% | -15.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $331M |
| R&D Expenses | $134M |
| Selling & Marketing | $161M |
| General & Administrative | $83M |
| SG&A Expenses | $244M |
| Other Expenses | $0 |
| Operating Expenses | $379M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$48M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | -$163M |
| INCOME BEFORE TAX | -$210M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$198M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$198M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$198M |
| D&A | $13M |
| EBIT | -$210M |
| EBITDA | -$198M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$198M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $168M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$317M |
| Sales/Maturities of Investments | $503M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | $163M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $50M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $299M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $855M |
| Short-Term Investments | $983M |
| Net Receivables | $377M |
| Inventory | $0 |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $79M |
| Goodwill | $155M |
| Intangible Assets | $33M |
| Long-Term Investments | $1.2B |
| Tax Assets | $12M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $297M |
| Short-Term Debt | $0 |
| Deferred Revenue | $260M |
| Other Current Liabilities | $1.7B |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | -$1M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $264M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $188M |
| Minority Interest | $0 |
| TOTAL EQUITY | $188M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.2B |
| Net Debt | $337M |
