PENSON WORLDWIDE INC (PNSN) [Rocket]

Overview

PENSON WORLDWIDE INC (PNSN)

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Recent News + Filings (All items)

Date Filed	Type	Description
11/14/2012	EFFECT	Form EFFECT - Notice of Effectiveness
10/29/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/29/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/29/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/29/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/29/2012	POS AM	Form POS AM - Post-Effective amendments for registration statement
10/18/2012	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
Revenues	238.8	248.8	263.2	293.2	264.7	198.2	127.9	116.1
Revenue growth	-4.0%	-5.5%	-10.2%	10.7%	33.6%	54.9%	10.2%
Cost of goods sold	98.8	114.9	110.4	113.7	102.0	79.7	59.3	40.9
Gross profit	140.0	133.9	152.7	179.5	162.7	118.5	68.6	75.2
Gross margin	58.6%	53.8%	58.0%	61.2%	61.5%	59.8%	53.7%	64.8%
Selling, general and administrative	450.5	249.5	206.7	28.9	23.6	17.4	12.7	9.3
Research and development	60.5	43.8	30.7	22.2	15.2	11.9	6.9
EBIT	-177.3	-102.7	-69.5	90.9	98.6	73.1	35.0	55.2
EBIT margin	-74.2%	-41.3%	-26.4%	31.0%	37.3%	36.9%	27.4%	47.5%
Pre-tax income	-233.1	-20.4	23.8	16.6	42.0	37.6	4.7	8.2
Income taxes	-10.1	-5.8	9.6	6.0	15.1	13.3	2.0	1.5
Tax rate	4.3%	28.5%	40.5%	36.0%	36.0%	35.4%	41.7%	18.2%
Earnings from continuing ops	-223.1	-14.6	14.2	10.7	26.8	24.3	2.7	6.7
Earnings from discontinued ops	-2.4	-5.2	1.8			0.2	0.2	1.1
Net income	-225.5	-19.8	16.0	10.7	26.8	24.5	2.9	7.8
Net margin	-94.4%	-8.0%	6.1%	3.6%	10.1%	12.4%	2.3%	6.7%

Diluted EPS	($7.92)	($0.54)	$0.55	$0.42	$1.00	$1.05	$0.15	$0.41
Shares outstanding (diluted)	28.2	27.0	25.6	25.4	26.8	23.1	18.3	16.5

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