$15.50

+0.47 (+3.13%)

Weekly Expected Move ±5.5%

$14 $15 $16 $16 $17

NASDAQ · Energy · Oil & Gas Refining & Marketing · Tech Score Strong Sell · Power 36 · $9.3B mcap · 158M float · 0.104% daily turnover · Short 38% of daily vol

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$7.6B +20.0% ▲

5Y CAGR: -16.2%

Gross Profit

$261M +44.3% ▲

5Y CAGR: -57.3%

Operating Income

$102M +10.7% ▲

5Y CAGR: -54.8%

Net Income

$23M -43.4% ▼

EPS (Diluted)

$0.37 +44.5% ▲

EBITDA

$236M +66.6% ▲

5Y CAGR: -46.1%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2015	FY2016	FY2017	FY2018	FY2025
Revenue	$8.7B	$7.9B	$11.9B	$13.4B	$7.6B
YoY Growth	-52.9%	-9.5%	+51.3%	+12.4%	+20.0%
Cost of Revenue	$0	$0	$0	$1.0B	$7.4B
Gross Profit	$8.7B	$7.9B	$11.9B	$12.3B	$261M
Gross Margin	100.0%	100.0%	100.0%	92.2%	3.4%
R&D Expenses	$2.6B	$946M	$2.5B	$459M	$0
SG&A Expenses	$1.2B	$1.4B	$1.1B	$1.1B	$159M
Operating Expenses	$5.9B	$4.2B	$5.8B	$2.8B	$159M
Operating Income	-$8.8B	-$2.6B	-$672M	$2.6B	$102M
Operating Margin	-101.3%	-33.0%	-5.6%	19.6%	1.3%
Interest Expense	$825M	$890M	$932M	$947M	$93M
Income Before Tax	-$9.7B	-$3.8B	-$1.7B	$1.5B	$29M
Tax Expense	-$2.9B	-$1.0B	-$1.5B	$733M	$6M
Net Income	-$6.7B	-$3.1B	-$456M	$615M	$23M
Net Margin	-76.9%	-39.0%	-3.8%	4.6%	0.3%
EPS (Diluted)	$-13.17	$-5.88	$-0.83	$1.22	$0.37
EBITDA	-$4.1B	$1.1B	$3.3B	$6.5B	$236M
Shares Outstanding	508M	522M	548M	504M	46M

Line Item	FY2018 Q2	FY2018 Q3	FY2018 Q4	FY2019 Q1	FY2019 Q2	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$3.3B	$3.7B	$3.3B	$3.2B	$3.4B	$1.8B	$1.8B	$1.8B
Cost of Revenue	$0	$745M	$302M	$256M	$274M	$1.7B	$1.7B	$1.8B
Gross Profit	$3.3B	$3.0B	$3.0B	$3.0B	$3.2B	$71M	$54M	$36M
Gross Margin	100.0%	79.8%	91.0%	92.0%	92.0%	3.9%	3.1%	1.9%
R&D Expenses	$94M	$118M	$79M	$49M	$90M	$0	$0	$0
SG&A Expenses	$288M	$248M	$270M	$267M	$368M	$41M	$40M	$12M
Operating Expenses	$916M	$81M	$665M	$590M	$715M	$41M	$40M	$12M
Operating Income	$819M	$979M	$270M	$834M	-$215M	$30M	$14M	$24M
Operating Margin	24.9%	26.5%	8.1%	25.9%	-6.2%	1.7%	0.8%	1.3%
Interest Expense	$237M	$240M	$242M	$253M	$249M	$23M	$21M	$7M
Income Before Tax	$142M	$683M	$360M	$262M	-$736M	$2M	-$8M	$16M
Tax Expense	$125M	$256M	$226M	$166M	$209M	-$204K	-$2M	$4M
Net Income	$29M	$363M	$102M	$96M	-$945M	$2M	-$7M	$12M
Net Margin	0.9%	9.8%	3.0%	3.0%	-27.5%	0.1%	-0.4%	0.7%
EPS (Diluted)	$0.06	$0.71	$0.20	$0.20	$-1.92	$0.01	$-0.64	$0.26
EBITDA	$1.4B	$2.0B	$1.7B	$1.6B	$674M	$58M	$45M	$39M
Shares Outstanding	512M	508M	504M	490M	491M	46M	13M	48M

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