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SIRF TECHNOLOGY HOLDINGS INC (SIRF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-27-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02Dec-31-01
   10-K10-K10-K10-K10-K10-K10-KS-1/A
Revenues:  
    Asia-Pacific  146.0265.9195.4119.1    
    United States  44.740.437.229.330.29.76.15.2
    Europe  30.516.07.76.411.25.65.52.3
    Singapore      6.61.4  
    Other  11.27.17.410.269.456.418.87.6
Total revenues  232.5329.4247.7165.1117.473.130.415.1
            Revenue growth   [+]-29.4%33.0%50.0%40.6%60.5%141.0%101.0% 
Cost of goods sold  123.6154.5110.173.751.133.114.611.2
Gross profit  108.9174.9137.691.466.240.015.83.9
            Gross margin  46.8%53.1%55.6%55.4%56.4%54.7%52.0%25.8%
Selling, general and administrative   [+]19.112.85.25.64.616.111.210.8
Research and development  108.796.775.137.724.616.211.69.7
EBITDA   [+]-143.85.823.326.117.85.6-11.4-23.1
            EBITDA margin  -61.9%1.8%9.4%15.8%15.2%7.7%-37.7%-152.9%
Depreciation  -13.8-7.80.1-2.0-2.6-2.2-1.30.4
EBITA  -130.013.623.228.020.47.8-10.1-23.5
            EBITA margin  -55.9%4.1%9.3%17.0%17.4%10.7%-33.4%-155.3%
Amortization of intangibles  19.112.85.25.64.64.12.50.6
EBIT   [+]-149.20.818.022.415.83.7-12.6-24.1
            EBIT margin  -64.2%0.2%7.3%13.6%13.5%5.1%-41.5%-159.4%
Non-recurring items   [+]208.213.913.31.7    
Interest income, net   [+]3.08.06.94.01.50.10.20.2
Other income (expense), net  -5.7-0.6-0.21.2-0.10.0-0.10.2
Pre-tax income  -360.1-5.711.426.017.23.8-12.5-23.7
Income taxes  38.94.79.0-4.0-13.50.20.00.0
            Tax rate    78.9%  6.4%0.0%0.0%
Net income  -399.0-10.42.430.030.70.00.00.0
            Net margin  -171.6%-3.2%1.0%18.2%26.2%0.0%0.0%-0.2%
   
Basic EPS   [+]($6.47)($0.19)$0.05$622.98$0.90$0.45($1.92)($3.73)
Diluted EPS   [+]($6.47)($0.19)$0.04$560.83$0.64$0.08($1.92)($3.73)
   
Shares outstanding (basic)   [+]61.755.551.10.034.10.00.00.0
Shares outstanding (diluted)   [+]61.755.556.00.148.30.00.00.0
   
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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