| Metric | Q1 2019 | Q4 2018 | Q1 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $468M | $588M | $506M | -20.4% | -7.5% |
| Op. Income | -$5M | $23M | -$4M | -121.7% | -25.0% |
| Gross Margin | 47.9% | 49.1% | 44.1% | -1.3pp | 3.8pp |
| Net Margin | -2.1% | 2.6% | -1.4% | -4.7pp | -0.8pp |
| EPS (Diluted) | $-0.09 | $0.13 | $-0.06 | -165.7% | -48.0% |
| Free Cash Flow | $33M | $44M | $156M | -25.0% | -78.8% |
| Item | Amount |
|---|---|
| REVENUE | $468M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $224M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $151M |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $229M |
| Cost & Expenses | $473M |
| OPERATING INCOME | -$5M |
| Interest Income | $6M |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $37M |
| EBIT | -$1M |
| EBITDA | $36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$56M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $723M |
| Short-Term Investments | $0 |
| Net Receivables | $445M |
| Inventory | $52M |
| Other Current Assets | $82M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $363M |
| Goodwill | $396M |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $66M |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $984M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $99M |
| Short-Term Debt | $63M |
| Deferred Revenue | $569M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $914M |
| Long-Term Debt | $472M |
| Deferred Revenue NC | $100M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $243M |
| TOTAL NON-CURRENT LIABILITIES | $905M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$891M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$109M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $467M |
| Minority Interest | $0 |
| TOTAL EQUITY | $467M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $659M |
| Net Debt | -$64M |
