Q1 2017 Earnings

Reported March 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$1.5B	—	—	—	—
Op. Income	-$818M	—	—	—	—
Gross Margin	18.8%	—	—	—	—
Net Margin	-60.6%	—	—	—	—
EPS (Diluted)	$-0.55	—	—	—	—

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$287M
R&D Expenses	$270M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$835M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$2.3B
OPERATING INCOME	-$818M
Interest Income	$0
Interest Expense	$109M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	-$891M
Income Tax Expense	$36M
Net Income from Continuing Ops	-$927M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$927M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$927M
D&A	$121M
EBIT	-$782M
EBITDA	-$661M
EPS	-$1
EPS Diluted	-$1