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HITTITE MICROWAVE CORP (HITT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    International  155.2139.9144.8134.793.4   
    United States  118.6124.5119.3109.669.6   
Total revenues  273.8264.4264.1244.3163.0180.3156.4130.3
            Revenue growth   [+]3.6%0.1%8.1%49.9%-9.6%15.2%20.0%61.5%
Cost of goods sold  79.069.469.962.645.251.645.435.4
Gross profit  194.8195.0194.2181.6117.8128.7111.094.9
            Gross margin  71.1%73.7%73.5%74.4%72.2%71.4%71.0%72.8%
Selling, general and administrative   [+]37.438.634.131.024.824.320.617.7
Research and development  49.849.238.931.523.024.418.515.2
EBITDA   [+]118.5119.3132.9127.776.887.076.966.0
            EBITDA margin  43.3%45.1%50.3%52.3%47.1%48.3%49.2%50.7%
Depreciation  8.38.27.46.35.45.74.73.8
EBITA  110.2111.1125.4121.571.481.472.162.2
            EBITA margin  40.2%42.0%47.5%49.7%43.8%45.1%46.1%47.7%
Amortization of intangibles  2.63.94.32.31.41.40.30.1
EBIT   [+]107.6107.2121.1119.270.079.971.962.0
            EBIT margin  39.3%40.6%45.9%48.8%43.0%44.3%46.0%47.6%
Interest income, net   [+]0.30.20.20.10.43.45.53.2
Other income (expense), net  -0.9-0.10.4-0.10.0-0.30.10.1
Pre-tax income  107.0107.3121.8119.270.483.077.465.3
Income taxes  37.038.737.142.224.229.226.222.6
            Tax rate  34.6%36.1%30.4%35.4%34.4%35.1%33.8%34.6%
Net income  70.068.684.777.046.253.851.242.7
            Net margin  25.6%25.9%32.1%31.5%28.3%29.9%32.8%32.8%
   
Basic EPS   [+]$2.29$2.26$2.81$2.60$1.57$1.77$1.67$1.43
Diluted EPS   [+]$2.25$2.22$2.77$2.56$1.55$1.74$1.64$1.38
   
   
Shares outstanding (basic)   [+]30.630.430.229.629.430.530.629.9
Shares outstanding (diluted)   [+]31.130.930.630.129.931.031.330.9
   
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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