FINISAR CORP (FNSR) [Rocket]

In millions, except per share items	Apr-28-19	Apr-29-18	Apr-30-17	May-01-16	May-03-15	Apr-27-14	Apr-28-13	Apr-30-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	409.2	482.6	476.8	408.7	425.1	339.4	269.1	243.0
Rest of the world	402.0	437.2	488.4	424.1	434.7	403.0	310.9	316.7
China	300.1	270.0	358.6	307.3	242.9	229.2	171.0	184.9
MEXICO	169.2	126.7	125.6
Other				123.1	148.3	185.2	183.3	207.9
Total revenues	1,280.5	1,316.5	1,449.3	1,263.2	1,250.9	1,156.8	934.3	952.6
Revenue growth [+]	-2.7%	-9.2%	14.7%	1.0%	8.1%	23.8%	-1.9%	0.4%
United States	-15.2%	1.2%	16.7%	-3.9%	25.2%	26.1%	10.7%	-13.1%
Rest of the world	-8.1%	-10.5%	15.2%	-2.4%	7.9%	29.6%	-1.8%	5.4%
China	11.1%	-24.7%	16.7%	26.5%	6.0%	34.0%	-7.5%	-15.4%
MEXICO	33.6%	0.9%
Malaysia				-17.0%	-19.9%	1.0%	-11.8%	38.5%
Cost of goods sold	928.5	953.9	945.7	901.3	888.6	754.8	662.1	672.9
Gross profit	352.0	362.5	503.6	361.9	362.4	402.1	272.2	279.7
Gross margin	27.5%	27.5%	34.8%	28.6%	29.0%	34.8%	29.1%	29.4%
Selling, general and administrative [+]	103.9	108.5	106.1	106.7	119.0	99.8	87.7	80.0
Sales and marketing	49.1	49.0	50.6	46.6	46.2	46.5	42.3	40.4
General and administrative	54.8	59.5	55.4	60.1	72.9	53.2	45.3	39.6
Research and development	217.9	239.0	217.9	203.4	202.1	183.4	158.8	146.0
Other operating expenses	55.1	3.5		9.6	8.7	7.5
EBITDA [+]	73.8	114.2	272.1	136.8	124.6	181.6	79.2	100.1
EBITDA growth	-35.4%	-58.0%	98.9%	9.8%	-31.4%	129.2%	-20.8%	-35.5%
EBITDA margin	5.8%	8.7%	18.8%	10.8%	10.0%	15.7%	8.5%	10.5%
Depreciation	95.4	98.8	87.0	85.3	83.4	62.6	53.2	46.3
EBITA	-21.7	15.4	185.1	51.5	41.2	118.9	26.0	53.8
EBITA margin	-1.7%	1.2%	12.8%	4.1%	3.3%	10.3%	2.8%	5.6%
Amortization of intangibles	5.0	6.7	8.2	9.4	8.7	7.5	10.9	9.9
EBIT [+]	-26.7	8.7	176.9	42.1	32.5	111.4	15.1	43.9
EBIT growth	-404.8%	-95.1%	320.2%	29.5%	-70.8%	638.4%	-65.6%	-60.7%
EBIT margin	-2.1%	0.7%	12.2%	3.3%	2.6%	9.6%	1.6%	4.6%
Non-recurring items [+]	3.9	2.2		1.1	5.7		20.6	-0.3
Asset impairment	3.9	2.2		1.1	5.7		20.6
Interest expense, net [+]	12.3	20.6	13.6	9.4	10.2	4.2	1.8	2.6
Interest expense	33.5	36.7	20.4	11.8	12.0	5.5	2.6	3.7
Interest income	21.2	16.1	6.8	2.3	1.8	1.3	0.8	1.1
Other income (expense), net [+]	-0.7	-0.9	-0.1	3.2	4.1	7.2	-0.4	3.5
Gain (loss) on debt retirement								-0.4
Other	-0.7	-0.9	-0.1	3.2	4.1	7.2	-0.4	3.9
Pre-tax income	-43.5	-15.0	163.2	34.8	20.7	114.4	-7.8	45.0
Income taxes	9.7	33.3	-86.2	-0.4	8.8	2.9	0.2	2.0
Tax rate					42.5%	2.5%		4.5%
Minority interest						-0.3	-2.6	0.0
Net income	-53.2	-48.3	249.3	35.2	11.9	111.8	-5.5	43.0
Net margin	-4.2%	-3.7%	17.2%	2.8%	1.0%	9.7%	-0.6%	4.5%

Basic EPS [+]	($0.45)	($0.42)	$2.26	$0.33	$0.12	$1.16	($0.06)	$0.47
Growth	7.1%	-118.8%	584.6%	181.4%	-89.9%	-2083.0%	-112.4%	-78.4%
Diluted EPS [+]	($0.45)	($0.42)	$2.19	$0.32	$0.11	$1.07	($0.06)	$0.46
Growth	7.1%	-119.4%	576.1%	185.5%	-89.5%	-1928.1%	-112.9%	-76.1%

Shares outstanding (basic) [+]	117.2	113.9	110.4	106.7	101.4	96.0	92.9	90.8
Growth	2.9%	3.1%	3.5%	5.2%	5.7%	3.4%	2.2%	12.7%
Shares outstanding (diluted) [+]	117.2	113.9	114.1	108.9	105.0	104.1	92.9	94.2
Growth	2.9%	-0.2%	4.8%	3.7%	0.8%	12.1%	-1.4%	1.6%

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