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Income Statement
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Op Efficiency
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BIO REFERENCE LABORATORIES INC (BRLI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsOct-31-14Oct-31-13Oct-31-12Oct-31-11Oct-31-10Oct-31-09Oct-31-08Oct-31-07
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  832.3715.4614.3522.1458.0362.7301.1250.4
            Revenue growth  16.3%16.5%17.7%14.0%26.3%20.5%20.2%29.7%
Cost of goods sold   [+]668.5566.0483.9414.2336.8268.1153.8124.0
Gross profit  163.8149.4130.3107.9121.394.5147.2126.4
            Gross margin  19.7%20.9%21.2%20.7%26.5%26.1%48.9%50.5%
Selling, general and administrative   [+]208.9177.5154.9132.0112.086.875.964.1
EBITDA   [+]108.6101.792.885.868.955.336.931.9
            EBITDA margin  13.0%14.2%15.1%16.4%15.0%15.3%12.3%12.7%
Depreciation  23.218.716.124.719.217.08.46.8
EBITA  85.383.076.761.149.738.328.625.1
            EBITA margin  10.3%11.6%12.5%11.7%10.8%10.6%9.5%10.0%
Amortization of intangibles  1.91.00.61.31.3   
EBIT   [+]83.482.076.159.848.438.328.625.1
            EBIT margin  10.0%11.5%12.4%11.4%10.6%10.6%9.5%10.0%
Interest expense, net   [+]2.41.01.1-4.91.61.31.92.2
Other income (expense), net  -0.10.1-0.50.20.21.6  
Pre-tax income  81.081.174.564.847.038.626.722.9
Income taxes  34.235.332.428.520.616.711.19.0
            Tax rate  42.3%43.5%43.4%43.9%43.8%43.4%41.5%39.1%
Net income  46.845.842.236.426.421.915.614.0
            Net margin  5.6%6.4%6.9%7.0%5.8%6.0%5.2%5.6%
   
Basic EPS   [+]$1.69$1.65$1.52$1.30$0.95$0.79$1.13$1.02
Diluted EPS   [+]$1.68$1.65$1.51$1.29$0.94$0.78$1.12$1.01
   
Shares outstanding (basic)   [+]27.727.727.728.027.827.613.813.7
Shares outstanding (diluted)   [+]27.927.927.928.228.027.913.913.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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