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Millennial Media Inc. (MM)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08
   10-K10-K10-K10-K10-KS-1/AS-1
Total revenues  296.2259.2177.7103.747.816.76.3
            Revenue growth  14.3%45.9%71.4%116.8%187.2%165.1% 
Cost of goods sold  179.8154.8105.763.631.60.05.0
Gross profit  116.4104.471.940.116.216.71.3
            Gross margin  39.3%40.3%40.5%38.7%33.9%100.0%20.5%
Selling, general and administrative   [+]142.2100.662.835.621.010.99.1
Research and development  29.519.013.65.22.2 0.7
Other operating expenses     -0.1 13.1 
Adjusted EBITDA  -25.0-0.35.41.8-6.4-7.0-8.3
            Adjusted EBITDA margin  -8.4%-0.1%3.0%1.8%-13.5%-42.3%-131.9%
Stock-based compensation  13.69.07.51.80.4 0.1
EBITDA   [+]-38.5-9.2-2.10.1-6.8-7.3-8.4
            EBITDA margin  -13.0%-3.6%-1.2%0.1%-14.2%-43.6%-133.9%
Depreciation  8.74.22.10.60.20.10.1
EBITA  -47.3-13.4-4.2-0.5-7.0-7.4-8.5
            EBITA margin  -16.0%-5.2%-2.4%-0.5%-14.6%-44.5%-135.6%
Amortization of intangibles  8.01.70.30.20.0  
EBIT   [+]-55.3-15.1-4.5-0.7-7.0-7.4-8.5
            EBIT margin  -18.7%-5.8%-2.5%-0.7%-14.6%-44.5%-135.6%
Non-recurring items   [+]93.5      
Interest expense, net   [+]0.10.10.10.00.0 -0.2
Other income (expense), net   0.1-0.8-0.1-0.1  
Pre-tax income  -148.9-15.2-5.4-0.8-7.1-7.6-8.4
Income taxes  0.20.00.1-0.50.00.00.0
            Tax rate   0.3% 62.9%0.0%0.0%0.0%
Net income  -149.1-15.1-6.8-5.3-10.1-7.60.0
            Net margin  -50.3%-5.8%-3.8%-5.1%-21.0%-45.3%-0.2%
   
Basic EPS   [+]($1.36)($0.18)($0.11)($0.32)($0.56)($0.45)($0.60)
Diluted EPS   [+]($1.36)($0.18)($0.11)($0.32)($0.56)($0.45)($0.60)
   
Shares outstanding (basic)   [+]109.684.061.016.418.016.80.0
Shares outstanding (diluted)   [+]109.684.061.016.418.016.80.0
   
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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