Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Total revenue $ 656,877 $ 647,094
Cost of sales:    
Total cost of sales 523,725 512,393
Gross margin 133,152 134,701
Operating expenses:    
Sales and marketing 28,759 37,624
Product development 26,652 32,740
General and administrative 109,424 134,663
Provision for legal settlements 4,419 1,317
Amortization of intangible assets 28,646 38,440
Total operating expenses 197,900 244,784
Loss from operations (64,748) (110,083)
Other income (expense), net:    
Interest expense, net (89,711) (76,218)
Income (loss) from equity method investments including impairment losses 9,980 (46,310)
Change in fair value of derivatives 1,066 97
Other expense, net (504) (1,017)
Loss before income taxes (143,917) (233,531)
Income tax provision 9,526 3,068
Net loss $ (153,443) $ (236,599)
Net loss per share:    
Basic (in usd per share) $ (41.50) $ (64.77)
Diluted (in usd per share) $ (41.50) $ (64.77)
Weighted average shares outstanding:    
Basic (in shares) 3,697 3,653
Diluted (in shares) 3,697 3,653
Licensing & Services    
Revenue:    
Total revenue $ 592,162 $ 606,227
Cost of sales:    
Total cost of sales 474,604 480,864
Equipment    
Revenue:    
Total revenue 64,715 40,867
Cost of sales:    
Total cost of sales $ 49,121 $ 31,529