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Apx Group Holdings, Inc. (1584423) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Apx Group Holdings, Inc.

CIK: 1584423
Exhibit 99.1
APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2019 RESULTS
vivinta08.jpg
1st Quarter 2019 Highlights

Total revenues increased 12.0% year over year to $276.2 million
Net loss of $89.2 million compared to net loss of $84.7 million in the prior year
$149.7 million in Adjusted EBITDAa compared to $122.9 million in Adjusted EBITDAa in the prior year
47,536 New Subscribers

Provo, UT – May 7, 2019 – APX Group Holdings, Inc. (“APX Group”, “Vivint” or the “Company”) today reported financial and operational results for the first quarter ended March 31, 2019.
“One of our primary focus areas in the first quarter is preparation for our summer selling season,” said Todd Pedersen, chief executive officer of APX Group. “We believe we’ve made good progress in expanding our direct-to-home sales force and expect to have more sales representatives in the field this year. We’ve also spent quite a bit of time integrating our second look financing partner and expect this addition will reduce retail installment contracts as we move through the year. Our innovation team will release a number of new products in 2019, including a new 4K outdoor camera and an upgraded doorbell camera, along with a regular cadence of enhancements to our smart home cloud platform. With all of this momentum, I believe we’re well positioned for another strong performance this calendar year.”

a:This earning release includes Adjusted EBITDA, a metric that is not calculated in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”). See the “Statement Regarding Non-GAAP Financial Measures” section at the end of this earnings release for the definition of Adjusted EBITDA and a reconciliation to its most directly comparable financial measure calculated in accordance with GAAP.



The following information was filed by Apx Group Holdings, Inc. on Tuesday, May 7, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Apx Group Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Equity (Deficit) Statement
Condensed Consolidated Statements Of Comprehensive Loss (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Condensed Consolidated Statements Of Operations(Unaudited) (Parenthetical)
Balance Sheet Components
Balance Sheet Components (Detail)
Balance Sheet Components (Tables)
Basis Of Presentation And Significant Accounting Policies
Basis Of Presentation And Significant Accounting Policies (Policies)
Basis Of Presentation And Significant Accounting Policies (Tables)
Basis Of Presentation And Significant Accounting Policies - Accounts Receivable (Detail)
Basis Of Presentation And Significant Accounting Policies - Additional Information (Detail)
Basis Of Presentation And Significant Accounting Policies - Depreciation And Amortization (Details)
Basis Of Presentation And Significant Accounting Policies - Recently Adopted Accounting Standards (Details)
Commitments And Contingencies
Commitments And Contingencies (Detail)
Employee Benefit Plan
Employee Benefit Plan (Detail)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Debt Fair Value And Carrying Value (Detail)
Financial Instruments - Derivative Fair Value (Details)
Financial Instruments - Level 3 (Details)
Financial Instruments - Valuation Approach Applied To Each Class Of Security (Detail)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Additional Information (Detail)
Goodwill And Intangible Assets - Future Amortization Expense (Detail)
Goodwill And Intangible Assets - Intangible Assets (Detail)
Guarantor And Non-Guarantor Supplemental Financial Information
Guarantor And Non-Guarantor Supplemental Financial Information (Tables)
Guarantor And Non-Guarantor Supplemental Financial Information - Balance Sheet (Detail)
Guarantor And Non-Guarantor Supplemental Financial Information - Cash Flows (Detail)
Guarantor And Non-Guarantor Supplemental Financial Information - Statements Of Operations And Comprehensive (Loss) Income (Detail)
Income Taxes
Income Taxes (Detail)
Leases - Components Of Lease Expense (Details)
Leases (Notes)
Leases (Tables)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Supplemental Balance Sheet Information (Details)
Leases - Supplemental Cash Flow Information (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Additional Information (Detail)
Long-Term Debt - Deferred Financing Activity (Details)
Long-Term Debt - Summary Of Debt (Detail)
Property And Equipment (Tables)
Property Plant And Equipment
Property Plant And Equipment - Additional Information (Detail)
Property Plant And Equipment - Components Of Property Plant And Equipment (Detail)
Related Party Transactions
Related Party Transactions (Detail)
Restructuring And Asset Impairment Charges
Restructuring And Asset Impairment Charges (Detail)
Restructuring And Asset Impairment Charges (Tables)
Retail Installment Contract Receivables
Retail Installment Contract Receivables (Tables)
Retail Installment Contract Receivables - Allowance For Credit Losses (Details)
Retail Installment Contract Receivables - Installment Receivables (Details)
Revenue And Capitalized Contract Costs
Revenue And Capitalized Contract Costs - Narrative (Details)
Revenue And Capitalized Contract Costs - Remaining Performance Obligations (Details)
Segment Reporting And Business Concentrations
Segment Reporting And Business Concentrations (Details)
Segment Reporting And Business Concentrations (Tables)
Stock-Based Compensation And Equity
Stock-Based Compensation And Equity (Tables)
Stock-Based Compensation And Equity - Additional Information (Detail)
Stock-Based Compensation And Equity - Stock-Based Compensation Expense (Detail)
Subsequent Events
Subsequent Events (Details)

Material Contracts, Statements, Certifications & more

Apx Group Holdings, Inc. provided additional information to their SEC Filing as exhibits

CIK: 1584423
Form Type: 10-Q Quarterly Report
Accession Number: 0001584423-19-000016
Submitted to the SEC: Wed May 08 2019 7:38:10 PM EST
Accepted by the SEC: Thu May 09 2019
Period: Sunday, March 31, 2019
Industry: Miscellaneous Business Services

External Resources:
SEC.gov

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