| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $669M | $590M | $401M | 13.4% | 66.9% |
| Op. Income | -$201M | -$196M | -$103M | -2.4% | -95.5% |
| Gross Margin | 46.7% | 43.5% | 50.2% | 3.2pp | -3.5pp |
| Net Margin | -34.1% | -35.0% | -24.9% | 0.9pp | -9.1pp |
| EPS (Diluted) | $-1.31 | $-1.24 | $-0.71 | -5.6% | -84.5% |
| Free Cash Flow | $3M | -$11M | -$17M | 128.9% | 118.4% |
| Item | Amount |
|---|---|
| REVENUE | $669M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $313M |
| R&D Expenses | $181M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $332M |
| Other Expenses | $0 |
| Operating Expenses | $513M |
| Cost & Expenses | $870M |
| OPERATING INCOME | -$201M |
| Interest Income | $6M |
| Interest Expense | $11M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | -$227M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$228M |
| D&A | $71M |
| EBIT | -$215M |
| EBITDA | -$144M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$228M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $144M |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $398M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$815M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $225M |
| NET CASH FROM FINANCING | $265M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$528M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $4.1B |
| Net Receivables | $302M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $440M |
| Goodwill | $4.7B |
| Intangible Assets | $913M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $106M |
| Short-Term Debt | $0 |
| Deferred Revenue | $99M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $583M |
| Long-Term Debt | $985M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $176.0K |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $707.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $1.3B |
| Net Debt | -$535M |
