| Metric | Q1 2017 | Q4 2016 | Q1 2016 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $491M | $626M | $545M | -21.6% | -9.9% |
| Op. Income | -$1M | $98M | -$42M | -101.0% | 97.6% |
| Gross Margin | 45.6% | 50.3% | 49.4% | -4.7pp | -3.7pp |
| Net Margin | -0.4% | 9.3% | -8.4% | -9.7pp | 8.0pp |
| EPS (Diluted) | $-0.02 | $0.44 | $-0.36 | -103.5% | 95.8% |
| Free Cash Flow | $230M | $20M | $225M | 1050.0% | 2.2% |
| Item | Amount |
|---|---|
| REVENUE | $491M |
| Cost of Revenue | $267M |
| GROSS PROFIT | $224M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $155M |
| SG&A Expenses | $155M |
| Other Expenses | -$1M |
| Operating Expenses | $225M |
| Cost & Expenses | $492M |
| OPERATING INCOME | -$1M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $36M |
| EBIT | $1M |
| EBITDA | $35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $206M |
| OPERATING CASH FLOW | $248M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$43M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | $230M |
| Net Change in Cash | $190M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $442M |
| Inventory | $40M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $142M |
| Goodwill | $392M |
| Intangible Assets | $177M |
| Long-Term Investments | $0 |
| Tax Assets | $50M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $779M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $89M |
| Short-Term Debt | $38M |
| Deferred Revenue | $514M |
| Other Current Liabilities | $85M |
| TOTAL CURRENT LIABILITIES | $835M |
| Long-Term Debt | $523M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $694M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$207M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $954M |
| Minority Interest | $0 |
| TOTAL EQUITY | $954M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $561M |
| Net Debt | -$603M |
