| Metric | Q3 2020 | Q2 2020 | Q3 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $457M | $459M | -0.7% | -1.1% |
| Op. Income | $1M | $8M | $10M | -87.5% | -90.0% |
| Gross Margin | 55.9% | 56.0% | 53.8% | -0.1pp | 2.1pp |
| Net Margin | -0.2% | -9.4% | 2.2% | 9.2pp | -2.4pp |
| EPS (Diluted) | $-0.01 | $-0.40 | $0.09 | 97.7% | -110.2% |
| Free Cash Flow | $58M | $115M | -$27M | -49.6% | 314.8% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $200M |
| GROSS PROFIT | $254M |
| R&D Expenses | $90M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $253M |
| Cost & Expenses | $453M |
| OPERATING INCOME | $1M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $41M |
| EBIT | -$3M |
| EBITDA | $38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $76M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $533M |
| Short-Term Investments | $0 |
| Net Receivables | $321M |
| Inventory | $14M |
| Other Current Assets | $97M |
| TOTAL CURRENT ASSETS | $965M |
| PP&E (Net) | $378M |
| Goodwill | $397M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $238M |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $59M |
| Short-Term Debt | $38M |
| Deferred Revenue | $482M |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $895M |
| Long-Term Debt | $423M |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $271M |
| TOTAL NON-CURRENT LIABILITIES | $838M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$155M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $384M |
| Minority Interest | $0 |
| TOTAL EQUITY | $384M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $653M |
| Net Debt | $120M |
