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WuXi PharmaTech (Cayman) Inc. (WX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08
   20-F20-F20-F20-F20-F20-F20-F
Net revenues:         
Sales revenue, services  674.3578.1499.9407.2334.1270.0253.5
   
Cost of revenues:         
Cost of services  -422.5-366.5-316.7-250.7-206.5-161.6-157.1
    Gross profit  251.7211.6183.2156.4127.6108.496.3
   
Operating (expenses) income         
Selling and marketing expenses  0.70.715.310.30.17.47.4
General and administrative expenses  22.715.514.411.510.415.649.4
Research and development expenses  21.211.08.15.40.4  
Impairment charges for goodwill and intangible assets    -3.4    
Revaluation of contingent consideration    3.4    
Total operating expenses  -68.0-43.4-55.8-38.6-21.438.6-117.3
    Operating income  103.7105.289.483.871.552.1-20.9
Investment income (loss)  12.7-4.0-0.6    
Other income, net  -9.013.94.92.726.35.3-1.0
Interest expense  -0.6-0.4-1.0-0.4-0.3-0.8-1.4
Interest income  0.00.00.06.11.60.02.3
    Income before income taxes  136.6138.0104.097.6101.159.0-19.0
Income tax expense  -24.5-23.5-0.8-16.6 -0.4-4.0
            Tax rate      0.0% 21.2%
    Net income  112.2114.686.681.090.852.9-64.2
   
Earnings per share         
Basic  $0.20$0.20$0.15$0.14$0.16$0.10($0.13)
Diluted  $0.19$0.20$0.15$0.13$0.15$0.09($0.13)
   
Other comprehensive income, net of tax:         
Currency translation adjustments  -11.915.81.418.89.4-0.1 
Unrealized gains on available-for-sale securities  2.54.5     
   
Unrealized loss on cash flow hedges         
    Subtotal         
    Comprehensive income  101.2134.887.999.8100.2  
   
Shares used in calculating basic earnings per share  563.8567.3568.4567.1556.3543.9510.2
Shares used in calculating diluted earnings per share  576.6582.0582.4603.5597.5589.2510.2

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