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HeartWare International, Inc. (HTWR)

Income Statement Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-16Mar-31-16Dec-31-15Sep-30-15Jun-30-15Mar-31-15Dec-31-14Sep-30-14
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenues:  
    United States  41.033.341.235.642.942.241.539.1
    International, excluding Germany  17.111.114.714.717.615.115.214.4
    Germany  10.610.712.214.913.112.716.415.1
Total revenues  68.755.168.165.273.670.073.268.6
            Revenue growth   [+]-6.6%-21.3%-7.0%-5.0%4.9%5.3%38.0%25.2%
Cost of goods sold  23.823.023.033.025.222.023.323.0
Gross profit  44.932.145.132.248.348.049.945.6
            Gross margin  65.3%58.2%66.2%49.4%65.7%68.5%68.1%66.5%
Selling, general and administrative  22.821.525.225.222.221.921.420.6
Research and development  27.925.227.430.431.731.330.829.5
Other operating expenses  0.60.6-38.12.42.22.1-9.1-3.6
EBITDA   [+]-4.3-13.132.7-23.6-5.7-5.19.01.3
            EBITDA margin  -6.3%-23.9%48.0%-36.2%-7.7%-7.3%12.3%1.9%
Depreciation  1.61.61.61.71.71.71.71.7
EBITA  -5.9-14.831.0-25.2-7.3-6.87.2-0.4
            EBITA margin  -8.5%-26.8%45.6%-38.7%-10.0%-9.7%9.9%-0.6%
Amortization of intangibles  0.50.50.50.50.50.50.50.4
EBIT   [+]-6.4-15.230.5-25.7-7.8-7.36.7-0.8
            EBIT margin  -9.3%-27.6%44.8%-39.5%-10.7%-10.4%9.2%-1.2%
Non-recurring items   [+]  26.8   2.7 
Interest income  0.90.70.40.20.10.10.10.1
Other income (expense), net   [+]-5.2-2.8-4.7-4.1-19.4-7.1-5.2-6.6
Pre-tax income  -10.7-17.3-0.7-29.7-27.1-14.3-1.0-7.3
Income taxes  0.20.10.20.30.30.2-0.10.1
            Tax rate        10.1% 
Net income  -10.9-17.5-0.9-29.9-27.4-14.5-0.9-7.4
            Net margin  -15.8%-31.7%-1.4%-45.9%-37.2%-20.8%-1.3%-10.7%
   
Basic EPS   [+]($0.62)($1.00)($0.05)($1.73)($1.59)($0.85)($0.05)($0.43)
Diluted EPS   [+]($0.62)($1.00)($0.05)($1.73)($1.59)($0.85)($0.05)($0.43)
   
Shares outstanding (basic)   [+]17.517.517.317.317.317.217.017.0
Shares outstanding (diluted)   [+]17.517.517.317.317.317.217.017.0
   
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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