Financial Statements

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Copyright West LLC. Minimum 15 minutes delayed.

Financial Statements

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Restated)
Net Sales 4.87 12.19 17.85 25.71
Gross Revenue 190.83 245.80 244.77 215.14
Sales Returns and Allowances -86.36 -129.62 -116.17 -78.29
Revenue 109.33 128.37 146.44 162.56
Total Revenue 109.33 128.37 146.44 162.56
Cost of Revenue 26.76 47.22 35.84 27.69
Cost of Revenue, Total 26.76 47.22 35.84 27.69
Gross Profit 82.58 81.15 110.60 134.87
Selling/General/Administrative Expense 76.69 71.36 76.94 76.47
Labor & Related Expense 14.01 12.90 11.48 11.60
Selling/General/Administrative Expenses, Total 90.70 84.27 88.42 88.06
Research & Development 94.96 65.90 59.12 51.07
Amortization of Intangibles, Operating 28.10 27.65 25.95 38.32
Depreciation/Amortization 28.10 27.65 25.95 38.32
Purchased R&D Written-Off -- -- -- --
Restructuring Charge -- -- -- --
Other Unusual Expense (Income) -- -- -- --
Unusual Expense (Income) -- -- -- --
Total Operating Expense 240.51 225.03 209.33 205.15
Operating Income -131.18 -96.66 -62.89 -42.59
Interest Expense - Non-Operating -3.13 -8.07 -9.69 -9.21
Interest Expense, Net Non-Operating -3.13 -8.07 -9.69 -9.21
Interest Income (Expense), Net Non-Operating 2.79 1.27 0.26 0.14
Interest Income (Expense), Net-Non-Operating, Total -0.34 -6.80 -9.44 -9.07
Other Non-Operating Income (Expense) 11.51 -4.57 0.24 -0.57
Other, Net 11.51 -4.57 0.24 -0.57
Net Income Before Taxes -120.01 -108.03 -72.08 -52.24
Income Tax – Total 0.00 -55.68 -2.31 0.41
Income After Tax -120.01 -52.35 -69.77 -52.64
Minority Interest -- -- -- --
Net Income Before Extraordinary Items -120.01 -52.35 -69.77 -52.64
Extraordinary Item -- -38.90 -- --
Total Extraordinary Items -- -38.90 -- --
Net Income -120.01 -91.25 -69.77 -52.64
Income Available to Common Excluding Extraordinary Items -120.01 -52.35 -69.77 -52.64
Income Available to Common Stocks Including Extraordinary Items -120.01 -91.25 -69.77 -52.64
Basic Weighted Average Shares 103.31 85.12 72.82 64.88
Basic EPS Excluding Extraordinary Items -1.16 -0.62 -0.96 -0.81
Basic EPS Including Extraordinary Items -1.16 -1.07 -0.96 -0.81
Dilution Adjustment -- -- -- --
Diluted Net Income -120.01 -91.25 -69.77 -52.64
Diluted Weighted Average Shares 103.31 85.12 72.82 64.88
Diluted EPS Excluding Extraordinary Items -1.16 -0.62 -0.96 -0.81
Diluted EPS Including Extraordinary Items -1.16 -1.07 -0.96 -0.81
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Total Special Items -- -- -- --
Normalized Income Before Taxes -120.01 -108.03 -72.08 -52.24
Effect of Special Items on Income Taxes -- -- -- --
Income Taxes Excluding Impact of Special Items 0.00 -55.68 -2.31 0.41
Normalized Income After Taxes -120.01 -52.35 -69.77 -52.64
Normalized Income Available to Common -120.01 -52.35 -69.77 -52.64
Basic Normalized EPS -1.16 -0.62 -0.96 -0.81
Diluted Normalized EPS -1.16 -0.62 -0.96 -0.81
Amortization of Intangibles, Supplemental 28.10 27.65 25.95 38.32
Depreciation, Supplemental 0.31 0.30 0.55 0.70
Interest Expense, Supplemental 3.13 8.07 9.69 9.21
Rental Expense, Supplemental 1.60 1.60 1.50 1.70
Stock-Based Compensation, Supplemental 14.31 13.11 11.62 11.66
Minority Interest, Supplemental -- -- -- --
Research & Development Expense, Supplemental 94.96 65.90 59.12 51.07
Audit-Related Fees, Supplemental -- 1.22 1.23 --
Audit-Related Fees -- 0.07 0.19 --
Tax Fees, Supplemental -- 0.17 0.31 --
Gross Margin 75.53 63.22 75.52 82.97
Operating Margin -119.98 -75.30 -42.94 -26.20
Pretax Margin -109.77 -84.15 -49.22 -32.13
Effective Tax Rate -- -- -- --
Net Profit Margin -109.77 -40.78 -47.64 -32.38
Normalized EBIT -131.18 -96.66 -62.89 -42.59
Normalized EBITDA -102.77 -68.71 -36.39 -3.57
Current Tax - Domestic -0.01 -10.61 -2.00 0.11
Current Tax - Foreign 0.00 0.01 0.01 0.15
Current Tax - Local -0.02 -0.94 -0.22 0.01
Current Tax - Total -0.03 -11.54 -2.21 0.27
Deferred Tax - Domestic 0.01 -44.16 -0.09 0.11
Deferred Tax - Foreign 0.00 0.00 0.00 0.00
Deferred Tax - Local 0.02 0.02 -0.01 0.03
Deferred Tax - Total 0.03 -44.14 -0.10 0.14
Income Tax - Total 0.00 -55.68 -2.31 0.41
Defined Contribution Expense - Domestic 1.18 0.91 -- --
Total Pension Expense 1.18 0.91 -- --

In millions of USD (except for per share items)