| Metric | Q4 2019 | Q3 2019 | Q4 2018 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $944M | $745M | $365M | 26.7% | 158.4% |
| Op. Income | -$74M | -$48M | -$98M | -52.3% | 24.5% |
| Gross Margin | 35.4% | 46.3% | 81.5% | -10.9pp | -46.1pp |
| Net Margin | -10.7% | -8.7% | -26.7% | -2.0pp | 16.0pp |
| EPS (Diluted) | $-0.49 | $-0.31 | $-0.48 | -58.1% | -2.1% |
| Free Cash Flow | $32M | -$318M | -$125M | 110.0% | 125.5% |
| Item | Amount |
|---|---|
| REVENUE | $944M |
| Cost of Revenue | $610M |
| GROSS PROFIT | $334M |
| R&D Expenses | $125M |
| Selling & Marketing | $184M |
| General & Administrative | $99M |
| SG&A Expenses | $283M |
| Other Expenses | $0 |
| Operating Expenses | $408M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$74M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | -$458.0K |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $30M |
| EBIT | -$62M |
| EBITDA | -$32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$458.0K |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $51M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $267M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$775M |
| Net Debt Issuance | $66M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $81M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$636M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.3B |
| Net Receivables | $67M |
| Inventory | $837M |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $383M |
| Goodwill | $2.0B |
| Intangible Assets | $191M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $8M |
| Short-Term Debt | $732M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $921M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | -$977M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $340.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $2.5B |
| Net Debt | $1.4B |
