| Metric | Q4 2020 | Q3 2020 | Q4 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $548M | $448M | $331M | 22.3% | 65.5% |
| Op. Income | -$164M | -$112M | -$92M | -46.4% | -78.1% |
| Gross Margin | 48.7% | 49.8% | 48.2% | -1.1pp | 0.4pp |
| Net Margin | -32.7% | -26.1% | -27.2% | -6.6pp | -5.5pp |
| EPS (Diluted) | $-1.13 | $-0.79 | $-0.66 | -43.0% | -71.2% |
| Free Cash Flow | $1M | -$11M | -$19M | 110.2% | 105.8% |
| Item | Amount |
|---|---|
| REVENUE | $548M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $267M |
| R&D Expenses | $159M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $272M |
| Other Expenses | $0 |
| Operating Expenses | $431M |
| Cost & Expenses | $712M |
| OPERATING INCOME | -$164M |
| Interest Income | $9M |
| Interest Expense | $6M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$195M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$179M |
| D&A | $63M |
| EBIT | -$189M |
| EBITDA | -$126M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$179M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $123M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$331M |
| Purchases of Investments | -$171M |
| Sales/Maturities of Investments | $291M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$225M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$193M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $934M |
| Short-Term Investments | $2.1B |
| Net Receivables | $251M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $442M |
| Goodwill | $4.6B |
| Intangible Assets | $967M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $9.5B |
| Account Payables | $60M |
| Short-Term Debt | $0 |
| Deferred Revenue | $87M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $448M |
| Long-Term Debt | $302M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $586M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $164.0K |
| Additional Paid-In Capital | $9.6B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $9.5B |
| Total Debt | $607M |
| Net Debt | -$327M |
