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BELO CORP (BLC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05
   10-K/A10-K/A10-K/A10-K10-K10-K10-K/A10-K
Revenues:  
    Newspaper Group         822.3
    Television Group         703.4
Total revenues  714.7650.1687.4590.3733.5777.0770.51,525.8
            Revenue growth   [+]9.9%-5.4%16.5%-19.5%-5.6%0.8%-49.5%0.4%
Cost of goods sold   [+]422.1419.8409.2391.2486.4511.5492.0544.8
Gross profit  292.6230.3278.1199.0247.1265.5278.5981.0
            Gross margin  40.9%35.4%40.5%33.7%33.7%34.2%36.1%64.3%
Selling, general and administrative  30.130.834.741.742.945.245.995.9
EBITDA   [+]259.2184.5250.2169.1247.1265.5278.5391.8
            EBITDA margin  36.3%28.4%36.4%28.7%33.7%34.2%36.1%25.7%
Depreciation  30.130.834.741.742.944.844.187.5
EBITA  229.1153.7215.5127.5204.2220.7234.4304.3
            EBITA margin  32.1%23.6%31.4%21.6%27.8%28.4%30.4%19.9%
Amortization of intangibles       0.41.88.4
EBIT   [+]229.1153.7215.5127.5204.2220.2232.7295.9
            EBIT margin  32.1%23.6%31.4%21.6%27.8%28.3%30.2%19.4%
Non-recurring items   [+]   242.1662.214.4  
Interest expense  69.772.477.963.983.194.595.791.0
Other income (expense), net  -2.76.51.412.419.86.38.72.0
Pre-tax income  156.787.9139.0-166.1-521.2117.6145.7207.0
Income taxes  56.929.952.1-57.1-67.044.150.379.3
            Tax rate  36.3%34.0%37.5%34.4%12.9%37.5%34.5%38.3%
Minority interest  -0.4       
Earnings from continuing ops  99.157.285.6-109.1-454.273.595.4127.7
Earnings from discontinued ops      -5.0-323.535.1 
Net income  99.157.285.6-109.1-459.2-250.0130.5127.7
            Net margin  13.9%8.8%12.5%-18.5%-62.6%-32.2%16.9%8.4%
   
Basic EPS   [+]$0.96$0.55$0.83($1.06)($4.45)$0.72$0.92$1.14
Diluted EPS   [+]$0.95$0.55$0.83($1.06)($4.45)$0.72$0.92$1.12
   
Dividends per share   [+]$0.57$0.15 $0.08$300.00  $400.00
   
Shares outstanding (basic)   [+]103.5103.6103.0102.5102.0102.0103.7112.1
Shares outstanding (diluted)   [+]104.0104.0103.4102.5102.0102.0103.9113.6
   
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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