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HEWITT ASSOCIATES INC (HEW)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-09Sep-30-08Sep-30-07Sep-30-06Sep-30-05Sep-30-04Sep-30-03Sep-30-02
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  3,073.63,227.62,990.32,857.22,889.72,257.42,031.31,750.1
            Revenue growth  -4.8%7.9%4.7%-1.1%28.0%11.1%16.1%16.5%
Cost of goods sold   [+]1,945.22,118.91,975.41,868.21,704.41,470.51,316.61,048.9
Gross profit  1,128.41,108.81,014.9989.01,185.2786.9714.7701.2
            Gross margin  36.7%34.4%33.9%34.6%41.0%34.9%35.2%40.1%
Selling, general and administrative  141.4202.5194.6154.6160.2120.3101.775.6
Other operating expenses  558.1625.0636.7642.8781.6427.1396.0357.8
EBITDA   [+]593.6456.1374.0358.2409.5357.8331.4364.5
            EBITDA margin  19.3%14.1%12.5%12.5%14.2%15.8%16.3%20.8%
Depreciation and amortization  164.7174.8190.4166.6166.1118.276.770.6
EBITA  428.9281.3183.6191.6243.4239.6254.7293.9
            EBITA margin  14.0%8.7%6.1%6.7%8.4%10.6%12.5%16.8%
Amortization of intangibles        37.726.0
EBIT   [+]428.9281.3183.6191.6243.4239.6217.0267.8
            EBIT margin  14.0%8.7%6.1%6.7%8.4%10.6%10.7%15.3%
Non-recurring items   [+]-5.2-31.6326.6255.99.616.739.027.5
Interest expense, net   [+]32.62.8-10.25.3  17.413.8
Other income (expense), net  8.16.48.010.0-13.3-15.00.0-3.1
Pre-tax income  409.7316.4-124.7-59.6220.5207.9160.6223.4
Income taxes  144.6128.350.456.485.885.066.433.1
            Tax rate  35.3%40.5%  38.9%40.9%41.3%14.8%
Net income  265.1188.1-175.1-115.9134.7122.894.3190.4
            Net margin  8.6%5.8%-5.9%-4.1%4.7%5.4%4.6%10.9%
   
Basic EPS   [+]$2.84$1.90($1.62)($1.08)$1.21$1.28$0.99$2.23
Diluted EPS   [+]$2.78$1.85($1.62)($1.08)$1.19$1.25$0.97$2.23
   
Shares outstanding (basic)   [+]93.498.8107.9107.6111.396.094.885.3
Shares outstanding (diluted)   [+]95.4102.0107.9107.6113.198.096.885.3
   
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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