TELLABS INC (TLAB) [Rocket]

In millions, except per share items	Dec-28-12	Dec-30-11	Dec-31-10	Jan-01-10	Jan-02-09	Dec-29-06	Dec-30-05	Dec-31-04
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Services	198.6	223.3	242.3	230.3
Broadband				785.8	919.9	1,080.4	1,042.1	401.6
Transport				509.6	580.1	778.2	674.2	672.6
Other	854.0	1,062.4	1,400.0		229.0	182.6	167.1	157.6
Total revenues [+]	1,052.6	1,285.7	1,642.3	1,525.7	1,729.0	2,041.2	1,883.4	1,231.8
Products	854.0	1,062.4	1,400.0	1,295.4	1,500.0	1,858.6	1,716.3	1,074.2
Services	198.6	223.3	242.3	230.3	229.0	182.6	167.1	157.6
Revenue growth [+]	-18.1%	-21.7%	7.6%	-11.8%		8.4%	52.9%	25.6%
Services	-11.1%	-7.8%	5.2%
Broadband				-14.6%		3.7%	159.5%
Transport				-12.2%		15.4%	0.2%
Cost of goods sold [+]	645.7	777.4	852.7	859.9	1,068.9	1,107.6	1,028.4	574.8
Cost of product sales	515.4	627.3	689.3	709.2	912.0	987.0	908.8	472.1
Cost of services	130.3	150.1	163.4	150.7	156.9	120.6	119.6	102.7
Gross profit	406.9	508.3	789.6	665.8	660.1	933.6	855.0	657.0
Gross margin	38.7%	39.5%	48.1%	43.6%	38.2%	45.7%	45.4%	53.3%
Selling, general and administrative [+]	200.5	243.9	279.7	267.3	271.8	293.3	271.1	236.6
Sales and marketing	126.4	163.0	179.3	165.9	170.0	179.8	175.5	155.1
General and administrative	74.1	80.9	100.4	101.4	101.8	113.5	95.6	81.5
Research and development	238.7	324.1	299.7	268.7	305.2	356.9	344.0	250.3
Other operating expenses	5.1	19.5	27.0	24.6	23.9	28.6	36.0	38.4
EBITDA [+]	12.6	-3.0	260.5	180.5	143.7	358.3	330.0	214.0
EBITDA growth	-520.0%	-101.2%	44.3%	25.6%		8.6%	54.2%	-377.6%
EBITDA margin	1.2%	-0.2%	15.9%	11.8%	8.3%	17.6%	17.5%	17.4%
Depreciation and amortization	44.6	56.0	50.3	50.7	60.6	74.9	90.1	64.5
EBITA	-32.0	-59.0	210.2	129.8	83.1	283.4	239.9	149.5
EBITA margin	-3.0%	-4.6%	12.8%	8.5%	4.8%	13.9%	12.7%	12.1%
Amortization of intangibles	5.4	20.2	27.0	24.6	23.9	28.6	36.0	17.8
EBIT [+]	-37.4	-79.2	183.2	105.2	59.2	254.8	203.9	131.7
EBIT growth	-52.8%	-143.2%	74.1%	77.7%		25.0%	54.8%	-170.3%
EBIT margin	-3.6%	-6.2%	11.2%	6.9%	3.4%	12.5%	10.8%	10.7%
Non-recurring items [+]	119.3	123.7	9.5	11.7	1,029.2	8.0	15.1	163.4
Asset impairment		102.7			988.3			47.2
In-process research & development							2.2	102.1
Interest income	7.3	12.1	12.6	19.3	34.8	45.7	28.3	26.9
Interest income	7.3	12.1	12.6	19.3	34.8	45.7	28.3	26.9
Other income (expense), net	0.8	-4.2	5.2	0.4	-17.3	-7.8	-4.0	-5.4
Pre-tax income	-148.6	-195.0	191.5	113.2	-952.5	284.7	213.1	-10.2
Income taxes	23.1	-6.6	35.9	-0.4	-22.4	90.6	37.3	19.6
Tax rate		3.4%	18.7%		2.4%	31.8%	17.5%
Net income	-171.7	-188.4	155.6	113.6	-930.1	194.1	175.8	-29.8
Net margin	-16.3%	-14.7%	9.5%	7.4%	-53.8%	9.5%	9.3%	-2.4%

Basic EPS [+]	($0.47)	($0.52)	$0.41	$0.29	($2.32)	$0.44	$0.39	($0.07)
Growth	-9.5%	-225.6%	42.2%	-112.5%		11.4%	-651.0%	-87.9%
Diluted EPS [+]	($0.47)	($0.52)	$0.41	$0.29	($2.32)	$0.43	$0.39	($0.07)
Growth	-9.5%	-227.1%	41.1%	-112.4%		10.5%	-645.4%	-87.9%

Dividends per share [+]	$1.08	$0.08	$0.08
Growth	1254.6%	-0.4%

Shares outstanding (basic) [+]	367.0	364.5	378.1	392.5	400.1	445.9	449.9	420.2
Growth	0.7%	-3.6%	-3.7%	-1.9%		-0.9%	7.1%	1.7%
Shares outstanding (diluted) [+]	367.0	364.5	382.7	394.2	400.1	454.1	454.5	420.2
Growth	0.7%	-4.8%	-2.9%	-1.5%		-0.1%	8.2%	1.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.