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LASERSCOPE

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-05Dec-31-04Dec-31-03Dec-31-02Dec-31-01Dec-31-00Dec-31-99
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Products  118.486.351.137.329.329.734.8
    Services  8.77.46.35.85.85.76.1
Total revenues  127.193.857.443.135.135.441.0
            Revenue growth   [+]35.6%63.3%33.3%22.8%-0.9%-13.6% 
Cost of goods sold  50.439.127.320.617.718.623.6
Gross profit  76.754.730.122.517.416.817.3
            Gross margin  60.3%58.3%52.4%52.3%49.5%47.5%42.3%
Selling, general and administrative  45.034.022.917.914.013.019.6
Research and development  7.95.24.43.83.83.34.5
EBITDA   [+]25.316.53.91.80.52.1-4.9
            EBITDA margin  19.9%17.6%6.8%4.3%1.4%5.9%-12.0%
Depreciation and amortization  1.41.11.21.10.91.61.8
EBIT   [+]23.815.42.70.8-0.40.5-6.8
            EBIT margin  18.7%16.4%4.7%1.8%-1.3%1.5%-16.5%
Interest income  0.20.00.10.0 0.00.0
Other income (expense), net  0.30.20.0-0.4-0.3-0.4-0.9
Pre-tax income  24.415.72.70.4-0.80.2-7.7
Income taxes  1.80.90.20.10.00.00.0
            Tax rate  7.5%6.0%7.4%21.0% 0.0% 
Minority interest        0.1
Net income  22.614.72.50.3-0.80.2-7.6
            Net margin  17.7%15.7%4.4%0.7%-2.4%0.5%-18.5%
   
Basic EPS   [+]$1.02$0.70$0.14$0.02($0.05)$0.01($0.60)
Diluted EPS   [+]$0.98$0.65$0.12$0.02($0.05)$0.01($0.60)
   
Shares outstanding (basic)   [+]22.121.117.516.216.618.612.6
Shares outstanding (diluted)   [+]22.922.821.816.216.618.612.6
   
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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