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iPCS, INC (IPCS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-08Dec-31-07Dec-31-06Sep-30-05Sep-30-03Sep-30-02
   10-K10-K10-K10-K10-K10-K
Revenues:  
    Roaming revenue  127.2166.3161.8   
    Equipment and other  14.313.614.1   
    Other  384.0358.2316.5   
Total revenues  525.5538.1492.4280.0194.3170.4
            Revenue growth   [+]-2.3%9.3%  14.0% 
Cost of goods sold  56.051.441.7-27.3-11.8-20.5
Gross profit  469.5486.7450.7307.3206.1190.9
            Gross margin  89.3%90.5%91.5%109.7%106.1%112.0%
Selling, general and administrative   [+]107.0102.595.257.632.969.7
EBITDA   [+]76.170.674.1  -82.2
            EBITDA margin  14.5%13.1%15.0%-10.7%-27.1%-48.2%
Depreciation  43.646.155.1-18.1-3.333.7
EBITA  32.624.519.0-11.7-49.3-115.8
            EBITA margin  6.2%4.5%3.9%-4.2%-25.4%-68.0%
Amortization of intangibles  9.231.638.018.13.33.9
EBIT   [+]23.4-7.1-19.0-29.9-52.6-119.8
            EBIT margin  4.4%-1.3%-3.9%-10.7%-27.1%-70.3%
Non-recurring items   [+]0.50.20.6  37.4
Interest expense, net   [+]32.231.726.621.120.225.6
Other income (expense), net  0.1-30.40.10.1-0.14.4
Pre-tax income  -9.2-69.3-46.0-50.9-72.9-178.4
Income taxes  0.60.00.00.00.00.0
            Tax rate   0.0%0.0%0.0%0.0%0.0%
Net income  -9.8-69.3-46.0-50.9-72.9-178.4
            Net margin  -1.9%-12.9%-9.3%-18.2%-37.5%-104.7%
   
Basic EPS   [+]($0.57)($4.08)($2.76)($4.60) ($226,897.00)
Diluted EPS   [+]($0.57)($4.08)($2.76)($4.60) ($226,897.00)
   
Shares outstanding (basic)   [+]17.217.016.711.1 0.0
Shares outstanding (diluted)   [+]17.217.016.711.1 0.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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