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LIFE SCIENCES RESEARCH INC (LSR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-08Dec-31-07Dec-31-06Dec-31-05
   10-K10-K10-K10-K
Total revenues  242.4236.8192.2172.0
            Revenue growth  2.4%23.2%11.7% 
Cost of goods sold  169.3165.8142.7124.8
Gross profit  73.171.049.547.2
            Gross margin  30.2%30.0%25.8%27.4%
Selling, general and administrative  37.239.129.426.2
EBITDA   [+]46.641.419.130.6
            EBITDA margin  19.2%17.5%9.9%17.8%
Depreciation and amortization  10.79.59.59.6
EBIT   [+]35.931.99.621.0
            EBIT margin  14.8%13.5%5.0%12.2%
Interest expense, net   [+]5.78.115.18.0
Other income (expense), net  -18.4-4.54.5-7.4
Pre-tax income  11.819.2-1.15.6
Income taxes  1.433.2-6.94.1
            Tax rate  11.7%172.7%639.6%73.5%
Net income  10.4-14.0-14.91.5
            Net margin  4.3%-5.9%-7.7%0.9%
   
Basic EPS   [+]$0.81($1.10)($1.18)$0.12
Diluted EPS   [+]$0.70($1.10)($1.18)$0.12
   
Shares outstanding (basic)   [+]12.812.712.612.4
Shares outstanding (diluted)   [+]15.012.712.612.4
   
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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