| Metric | Q1 2018 | Q4 2017 | Q1 2017 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $506M | $626M | $491M | -19.2% | 3.1% |
| Op. Income | -$4M | $59M | -$1M | -106.8% | -300.0% |
| Gross Margin | 44.1% | 48.9% | 45.6% | -4.8pp | -1.6pp |
| Net Margin | -1.4% | -11.8% | -0.4% | 10.4pp | -1.0pp |
| EPS (Diluted) | $-0.06 | $-0.61 | $-0.02 | 90.5% | -277.1% |
| Free Cash Flow | $156M | $2M | $230M | 7700.0% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $506M |
| Cost of Revenue | $283M |
| GROSS PROFIT | $223M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $0 |
| Operating Expenses | $227M |
| Cost & Expenses | $510M |
| OPERATING INCOME | -$4M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $34M |
| EBIT | -$3M |
| EBITDA | $31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $143M |
| OPERATING CASH FLOW | $184M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | -$255M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$305M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | -$149M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $939M |
| Short-Term Investments | $0 |
| Net Receivables | $451M |
| Inventory | $43M |
| Other Current Assets | $97M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $172M |
| Goodwill | $401M |
| Intangible Assets | $128M |
| Long-Term Investments | $0 |
| Tax Assets | $58M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $825M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $110M |
| Short-Term Debt | $68M |
| Deferred Revenue | $532M |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $913M |
| Long-Term Debt | $456M |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $261M |
| TOTAL NON-CURRENT LIABILITIES | $798M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$637M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $644M |
| Minority Interest | $0 |
| TOTAL EQUITY | $644M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $524M |
| Net Debt | -$415M |
