Q4 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$1.0B	$870M	—	20.6%	—
Op. Income	-$94M	-$45M	—	-106.5%	—
Gross Margin	18.6%	18.7%	—	-0.2pp	—
Net Margin	-9.7%	-17.4%	—	7.7pp	—
EPS (Diluted)	$-0.55	$-0.83	—	33.1%	—

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$854M
GROSS PROFIT	$195M
R&D Expenses	$75M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$214M
Other Expenses	$0
Operating Expenses	$289M
Cost & Expenses	$1.1B
OPERATING INCOME	-$94M
Interest Income	$142M
Interest Expense	$139M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	-$102M
Income Tax Expense	$0
Net Income from Continuing Ops	-$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$102M
D&A	$12M
EBIT	$37M
EBITDA	$49M
EPS	-$1
EPS Diluted	-$1