Q3 2017 Earnings

Reported September 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$2.1B	$1.8B	—	18.5%	—
Op. Income	-$1.2B	-$910M	—	-26.9%	—
Gross Margin	21.5%	22.3%	—	-0.9pp	—
Net Margin	-65.8%	-57.9%	—	-7.8pp	—
EPS (Diluted)	$-0.84	$-0.62	—	-35.5%	—

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$461M
R&D Expenses	$307M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$3.3B
OPERATING INCOME	-$1.2B
Interest Income	$0
Interest Expense	$123M
Other Income/Expenses	-$218M
INCOME BEFORE TAX	-$1.4B
Income Tax Expense	$40M
Net Income from Continuing Ops	-$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$1.4B
D&A	$140M
EBIT	-$1.3B
EBITDA	-$1.1B
EPS	-$1
EPS Diluted	-$1