| Metric | Q3 2018 | Q2 2018 | Q3 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $799M | $639M | $517M | 25.0% | 54.4% |
| Op. Income | $346M | $233M | $161M | 48.1% | 114.3% |
| Gross Margin | 51.0% | 47.6% | 40.2% | 3.4pp | 10.8pp |
| Net Margin | -2.7% | -57.7% | 30.9% | 55.0pp | -33.6pp |
| EPS (Diluted) | $-0.02 | $-0.34 | $0.15 | 94.2% | -113.5% |
| Free Cash Flow | $99M | $178M | $75M | -44.3% | 32.2% |
| Item | Amount |
|---|---|
| REVENUE | $799M |
| Cost of Revenue | $391M |
| GROSS PROFIT | $407M |
| R&D Expenses | $0 |
| Selling & Marketing | $32M |
| General & Administrative | $38M |
| SG&A Expenses | $70M |
| Other Expenses | -$7M |
| Operating Expenses | $63M |
| Cost & Expenses | $454M |
| OPERATING INCOME | $346M |
| Interest Income | $27M |
| Interest Expense | $95M |
| Other Income/Expenses | -$391M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $83M |
| EBIT | $49M |
| EBITDA | $455M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $83M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$44M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$143M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | -$129M |
| Acquisitions (Net) | -$997 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$232M |
| NET CASH FROM FINANCING | $865M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | -$383M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $340M |
| Short-Term Investments | $2.2B |
| Net Receivables | $551M |
| Inventory | $308M |
| Other Current Assets | $209M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $3.4B |
| Goodwill | $32M |
| Intangible Assets | $38M |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $129M |
| Short-Term Debt | $352M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $609M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $431M |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $199M |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$217M |
| Treasury Stock | -$44M |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | -$1.8B |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $3M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $4.7B |
| Net Debt | $4.4B |
