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SMART Technologies Inc. (SMT)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsMar-31-16Mar-31-15Mar-31-14Mar-31-13Mar-31-12Mar-31-11
   20-F20-F20-F20-F20-F20-F
Total revenues  348.5492.9589.2589.4745.8790.1
            Revenue growth  -29.3%-16.3%0.0%-21.0%-5.6% 
Cost of goods sold  247.2261.1340.1322.4410.2399.2
Gross profit  101.3231.9249.1266.9335.6390.9
            Gross margin  29.1%47.0%42.3%45.3%45.0%49.5%
Selling, general and administrative  78.1103.9116.9176.2180.8182.9
Research and development  36.043.340.148.850.051.4
Other operating expenses  0.10.1 9.69.69.0
EBITDA   [+]-8.790.1101.745.6108.5160.7
            EBITDA margin  -2.5%18.3%17.3%7.7%14.6%20.3%
Depreciation  12.216.625.925.025.026.9
EBITA  -20.973.575.920.783.5133.7
            EBITA margin  -6.0%14.9%12.9%3.5%11.2%16.9%
Amortization of intangibles  0.10.222.59.69.69.0
EBIT   [+]-20.973.453.411.173.9124.8
            EBIT margin  -6.0%14.9%9.1%1.9%9.9%15.8%
Non-recurring items   [+]5.16.01.757.213.4 
Interest expense  18.320.021.412.814.626.3
Other income (expense), net   [+]-0.6-10.4-9.1-4.6-8.05.7
Pre-tax income  -44.937.021.1-63.538.0104.2
Income taxes  16.012.90.5-9.06.935.3
            Tax rate   34.8%2.5%14.1%18.2%33.9%
Net income  -60.924.120.5-54.531.068.8
            Net margin  -17.5%4.9%3.5%-9.2%4.2%8.7%
   
Basic EPS   [+]($4.99)$1.98$1.70($0.45)$0.25$0.53
Diluted EPS   [+]($4.99)$1.91$1.62($0.45)$0.25$0.53
   
Shares outstanding (basic)   [+]12.212.212.1120.7122.7130.8
Shares outstanding (diluted)   [+]12.212.712.7120.7123.4130.8
   
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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