| Metric | Q3 2019 | Q2 2019 | Q3 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.2B | $2.9B | 20.4% | 29.5% |
| Op. Income | -$1.1B | -$5.5B | -$763M | 79.8% | -45.0% |
| Gross Margin | 51.2% | 45.0% | 48.7% | 6.2pp | 2.5pp |
| Net Margin | -30.5% | -165.4% | -33.5% | 134.9pp | 3.0pp |
| EPS (Diluted) | $-0.68 | $-4.71 | $-0.58 | 85.6% | -17.2% |
| Free Cash Flow | -$1.0B | -$1.1B | -$563M | 5.9% | -78.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $755M |
| Selling & Marketing | $1.1B |
| General & Administrative | $591M |
| SG&A Expenses | $1.7B |
| Other Expenses | $600M |
| Operating Expenses | $3.1B |
| Cost & Expenses | $4.9B |
| OPERATING INCOME | -$1.1B |
| Interest Income | $76M |
| Interest Expense | $90M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$1.2B |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.2B |
| D&A | $102M |
| EBIT | -$1.1B |
| EBITDA | -$955M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.2B |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $401M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$230M |
| OPERATING CASH FLOW | -$878M |
| Capital Expenditure | -$129M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$144M |
| NET CASH FROM FINANCING | $2.0B |
| FREE CASH FLOW | -$1.0B |
| Net Change in Cash | $951M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.7B |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $269M |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $3.1B |
| Goodwill | $167M |
| Intangible Assets | $74M |
| Long-Term Investments | $13.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $17.1B |
| TOTAL ASSETS | $32.3B |
| Account Payables | $126M |
| Short-Term Debt | $327M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.4B |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $16.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $30.5B |
| Retained Earnings | -$15.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$185M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.1B |
| Minority Interest | $989M |
| TOTAL EQUITY | $16.1B |
| TOTAL LIABILITIES & EQUITY | $32.3B |
| Total Debt | $7.6B |
| Net Debt | -$5.1B |
