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Black Knight InfoServ, LLC (LPS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Loan Transaction Services  1,262.71,309.91,538.61,682.3   
    Technology Data And Analytics  736.9679.6665.8638.3   
    Technology, Data and Analytics      565.7  
    Processing and services revenues      1,837.61,638.61,485.0
Total revenues  1,997.71,983.42,196.62,299.11,837.61,638.61,485.0
            Revenue growth   [+]0.7%-9.7%-4.5%25.1%12.1%10.3% 
Cost of goods sold  1,465.11,480.41,533.11,487.41,176.51,050.5900.1
Gross profit  532.6503.1663.5811.6661.1588.1584.8
            Gross margin  26.7%25.4%30.2%35.3%36.0%35.9%39.4%
Selling, general and administrative  96.788.987.4246.7229.9192.6257.3
Equity in earnings     0.0-4.7  
EBITDA   [+]534.6512.9674.8662.9520.0498.1439.4
            EBITDA margin  26.8%25.9%30.7%28.8%28.3%30.4%29.6%
Depreciation and amortization  98.898.898.897.993.4102.6111.9
EBIT   [+]435.8414.1576.0565.0426.5395.5327.5
            EBIT margin  21.8%20.9%26.2%24.6%23.2%24.1%22.1%
Non-recurring items   [+]202.9135.414.1    
Interest expense, net   [+]86.166.170.383.448.3-1.5-2.3
Other income (expense), net  0.2-0.20.30.05.0-3.0-0.8
Pre-tax income  147.0212.4492.0481.6383.2394.0329.0
Income taxes  67.577.2187.0184.2146.6153.7128.0
            Tax rate  46.0%36.3%38.0%38.3%38.2%39.0%38.9%
Minority interest     -1.0-1.2 -0.7
Earnings from continuing ops  158.9270.5610.1595.7233.1240.3201.1
Earnings from discontinued ops  -9.1-38.7-2.7-20.70.235.0 
Net income  149.8231.8607.4575.1233.3257.8201.1
            Net margin  7.5%11.7%27.7%25.0%12.7%15.7%13.5%
   
Basic EPS   [+]$1.88$3.16$6.55$6.23$2.44$2.47 
Diluted EPS   [+]$1.87$3.16$6.52$6.20$2.43$2.46 
   
Dividends per share   [+]$0.40$0.40$0.40$0.40$0.20  
   
Shares outstanding (basic)   [+]84.685.693.195.695.497.3 
Shares outstanding (diluted)   [+]84.985.793.696.295.897.7 
   
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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