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ATHEROS COMMUNICATIONS INC (ATHR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-11Dec-31-10Sep-30-10Jun-30-10Mar-31-10Dec-31-09Sep-30-09Jun-30-09
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Total revenues  957.5926.8885.7795.2669.2542.5455.1436.5
            Revenue growth  43.1%70.9%94.6%82.2%50.1%14.8%-6.8%-4.4%
Cost of goods sold  486.7470.8448.5404.9344.3278.9236.0224.9
Gross profit  470.7456.0437.2390.3324.9263.6219.0211.6
            Gross margin  49.2%49.2%49.4%49.1%48.5%48.6%48.1%48.5%
Selling, general and administrative   [+]139.7131.0121.8111.199.588.782.680.0
Research and development  200.3189.7177.5160.5144.5130.6122.8121.1
Other operating expenses  44.241.541.635.529.823.11.45.1
EBITDA   [+]175.0183.2156.6136.589.648.040.430.9
            EBITDA margin  18.3%19.8%17.7%17.2%13.4%8.9%8.9%7.1%
Depreciation  9.38.78.07.36.86.97.07.0
EBITA  165.8174.5148.6129.182.741.133.423.9
            EBITA margin  17.3%18.8%16.8%16.2%12.4%7.6%7.3%5.5%
Amortization of intangibles  79.280.752.345.931.719.921.218.6
EBIT   [+]86.693.896.483.251.121.212.25.3
            EBIT margin  9.0%10.1%10.9%10.5%7.6%3.9%2.7%1.2%
Non-recurring items   32.1   -1.0  
Interest income  3.54.24.95.35.76.06.77.7
Other income (expense), net  7.8  -0.8 -2.0-6.7-10.2
Pre-tax income  65.966.0102.388.656.826.21.5-3.6
Income taxes  10.211.69.1-15.1-16.9-20.2-24.5-1.1
            Tax rate  15.5% 8.9%-17.0%-29.7%-77.4% 30.6%
Net income  55.754.493.2103.773.746.426.0-2.5
            Net margin  5.8%5.9%10.5%13.0%11.0%8.6%5.7%-0.6%
   
Basic EPS   [+]$0.78$0.77$1.37$1.57$1.16$0.75$0.43($0.04)
Diluted EPS   [+]$0.76$0.75$1.32$1.52$1.13$0.74$0.42($0.04)
   
Shares outstanding (basic)   [+]71.370.268.165.863.661.661.160.6
Shares outstanding (diluted)   [+]73.672.670.468.265.362.662.261.8
   
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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