| In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Institutional Sales and Trading | 468.4 | 511.5 | 457.6 | 495.6 | | | | |
| Electronic Execution Services | 159.1 | 167.9 | 138.2 | 102.0 | | | | |
| Market Making | 60.9 | 704.5 | 549.1 | 558.3 | | | | |
| Corporate and Other | 47.7 | 20.6 | 4.1 | 6.6 | | | | |
| Total revenues | 736.1 | 1,404.5 | 1,149.1 | 1,162.4 | 938.9 | 717.2 | 939.5 | 634.8 |
| Revenue growth [+] | -47.6% | 22.2% | -1.2% | 23.8% | 30.9% | -23.7% | 48.0% | 1.5% |
| Institutional Sales and Trading | -8.4% | 11.8% | -7.7% | | | | | |
| Electronic Execution Services | -5.3% | 21.5% | 35.5% | | | | | |
| Market Making | -91.3% | 28.3% | -1.6% | | | | | |
| Corporate and Other | 131.3% | 402.8% | -37.9% | | | | | |
| Equities | | | | | 30.3% | | | |
| Cost of goods sold | 525.2 | 583.8 | 546.7 | 527.3 | 331.3 | 257.5 | 352.4 | 229.5 |
| Gross profit | 210.8 | 820.7 | 602.3 | 635.1 | 607.5 | 459.7 | 587.1 | 405.4 |
| Gross margin | 28.6% | 58.4% | 52.4% | 54.6% | 64.7% | 64.1% | 62.5% | 63.9% |
| Selling, general and administrative | 71.0 | 77.4 | 62.3 | 53.2 | 43.8 | 14.5 | 20.6 | 19.6 |
| Research and development | 97.7 | 87.1 | 69.6 | 61.1 | 45.4 | | | |
| Other operating expenses | 157.0 | 451.2 | 291.9 | 263.8 | 150.6 | 255.0 | 305.7 | 273.3 |
| EBITDA [+] | -114.8 | 205.1 | 178.5 | 257.1 | 367.8 | 190.2 | 260.8 | 112.5 |
| EBITDA growth | -156.0% | 14.9% | -30.5% | -30.1% | 93.4% | -27.1% | 131.8% | 272.8% |
| EBITDA margin | -15.6% | 14.6% | 15.5% | 22.1% | 39.2% | 26.5% | 27.8% | 17.7% |
| Depreciation and amortization | 50.3 | 54.0 | 42.8 | 34.4 | 26.5 | 21.6 | 20.6 | 16.4 |
| EBIT [+] | -165.2 | 151.1 | 135.8 | 222.7 | 341.3 | 168.6 | 240.1 | 96.1 |
| EBIT growth | -209.3% | 11.3% | -39.0% | -34.7% | 102.4% | -29.8% | 149.8% | 503.6% |
| EBIT margin | -22.4% | 10.8% | 11.8% | 19.2% | 36.4% | 23.5% | 25.6% | 15.1% |
| Non-recurring items | 457.6 | 28.6 | 16.7 | | | | | |
| Interest expense, net [+] | 44.6 | 24.1 | 22.9 | -2.3 | 5.1 | 0.2 | 0.3 | -9.0 |
| Interest expense | 52.9 | 42.1 | 25.9 | 4.8 | 5.1 | 0.2 | 0.3 | |
| Interest income | 8.3 | 18.0 | 3.0 | 7.1 | | | | 9.0 |
| Other income (expense), net | 130.6 | 88.8 | 53.9 | 7.8 | -2.6 | 16.3 | 16.7 | |
| Pre-tax income | -536.7 | 187.1 | 150.0 | 232.8 | 333.6 | 184.7 | 256.5 | 105.2 |
| Income taxes | -189.6 | 71.5 | 58.0 | 81.2 | 139.9 | 70.2 | 98.2 | 38.9 |
| Tax rate | 35.3% | 38.2% | 38.7% | 34.9% | 41.9% | 38.0% | 38.3% | 37.0% |
| Earnings from continuing ops | -722.7 | 115.6 | 92.0 | 151.6 | 193.7 | 114.6 | 158.3 | 66.2 |
| Earnings from discontinued ops | | -0.4 | -0.4 | -34.5 | -15.8 | 7.7 | | 0.1 |
| Net income | -722.7 | 115.2 | 91.6 | 117.1 | 177.9 | 122.2 | 158.3 | 66.4 |
| Net margin | -98.2% | 8.2% | 8.0% | 10.1% | 18.9% | 17.0% | 16.9% | 10.5% |
| |
| Basic EPS [+] | ($6.05) | $1.26 | $1.02 | $1.70 | $2.19 | $1.18 | $1.56 | $0.64 |
| Growth | -579.0% | 23.9% | -40.0% | -22.3% | 85.6% | -24.4% | 143.9% | -836.6% |
| Diluted EPS [+] | ($6.05) | $1.22 | $0.97 | $1.60 | $2.11 | $1.14 | $1.49 | $0.62 |
| Growth | -597.4% | 25.0% | -39.3% | -24.0% | 85.7% | -23.7% | 140.5% | -846.0% |
| |
| Shares outstanding (basic) [+] | 119.4 | 91.5 | 90.2 | 89.1 | 88.4 | 97.1 | 101.4 | 103.5 |
| Growth | 30.5% | 1.5% | 1.2% | 0.8% | -8.9% | -4.3% | -2.0% | -8.0% |
| Shares outstanding (diluted) [+] | 119.4 | 95.0 | 94.4 | 94.5 | 91.8 | 100.8 | 106.2 | 106.9 |
| Growth | 25.6% | 0.6% | -0.1% | 3.0% | -9.0% | -5.1% | -0.6% | -9.1% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |