In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
REFRACTIVE | | | | | | 182.4 |
REFRACTIVE CENTERS | 107.3 | 151.4 | 175.2 | 162.0 | 150.7 | |
DOCTOR SERVICES MOBILE CATARACT | 41.8 | 40.9 | 37.6 | 35.1 | 31.7 | |
EYE CARE OPTOMETRIC FRANCHISING | 31.0 | 28.6 | 26.5 | 22.9 | 17.6 | |
Other | 50.1 | 54.7 | 59.1 | 57.9 | 55.5 | 64.8 |
Total revenues | 230.2 | 275.7 | 298.4 | 277.9 | 255.5 | 247.2 |
Revenue growth [+] | -16.5% | -7.6% | 7.4% | 8.7% | 3.4% | |
REFRACTIVE CENTERS | -29.1% | -13.6% | 8.1% | 7.5% | | |
DOCTOR SERVICES MOBILE CATARACT | 2.2% | 8.9% | 7.1% | 10.5% | | |
EYE CARE OPTOMETRIC FRANCHISING | 8.2% | 7.9% | 16.0% | 29.7% | | |
OTHER | 2.4% | 8.1% | 11.2% | 19.7% | -22.1% | |
Cost of goods sold | 167.0 | 194.9 | 209.1 | 192.9 | 178.6 | 170.7 |
Gross profit | 63.2 | 80.7 | 89.3 | 84.9 | 77.0 | 76.5 |
Gross margin | 27.4% | 29.3% | 29.9% | 30.6% | 30.1% | 30.9% |
Selling, general and administrative [+] | 46.0 | 70.7 | 77.8 | 62.3 | 58.2 | 45.6 |
Sales and marketing | 21.9 | 42.7 | 43.0 | 27.8 | 21.7 | 18.7 |
General and administrative | 24.1 | 28.0 | 34.8 | 34.5 | 36.5 | 26.9 |
Equity in earnings | | | -12.4 | -2.6 | 2.5 | |
Other operating expenses | 32.4 | 87.9 | 6.2 | 5.8 | 10.0 | 6.9 |
EBITDA [+] | 0.7 | -58.3 | 11.9 | 30.6 | 27.7 | 41.8 |
EBITDA growth | -101.2% | -590.9% | -61.2% | 10.6% | -33.7% | |
EBITDA margin | 0.3% | -21.1% | 4.0% | 11.0% | 10.8% | 16.9% |
Depreciation | 13.6 | 16.4 | 15.5 | 12.9 | 12.3 | 13.6 |
EBITA | -12.9 | -74.7 | -3.6 | 17.7 | 15.3 | 28.2 |
EBITA margin | -5.6% | -27.1% | -1.2% | 6.4% | 6.0% | 11.4% |
Amortization of intangibles | 2.3 | 3.2 | 3.4 | 3.5 | 4.0 | 4.1 |
EBIT [+] | -15.2 | -78.0 | -7.0 | 14.2 | 11.3 | 24.1 |
EBIT growth | -80.5% | 1015.8% | -149.2% | 25.5% | -53.0% | |
EBIT margin | -6.6% | -28.3% | -2.3% | 5.1% | 4.4% | 9.7% |
Non-recurring items [+] | -3.2 | | 7.7 | | | |
Asset impairment | | | 7.7 | | | |
Interest expense, net [+] | 12.4 | 9.3 | 4.2 | -0.9 | -2.6 | 0.7 |
Interest expense | 12.6 | 10.1 | 5.8 | 1.5 | 1.7 | 2.6 |
Interest income | 0.2 | 0.7 | 1.6 | 2.3 | 4.3 | 2.0 |
Other income (expense), net | -1.9 | -0.6 | -8.0 | -5.1 | -0.7 | 20.9 |
Pre-tax income | -26.3 | -87.9 | -26.8 | 10.0 | 13.2 | 44.3 |
Income taxes | 0.9 | 0.9 | 8.5 | -3.7 | 6.0 | 1.8 |
Tax rate | | | | | 45.8% | 4.1% |
Minority interest | 9.5 | 9.5 | -8.9 | -6.5 | -0.7 | -7.0 |
Earnings from continuing ops | -36.7 | -98.3 | -35.3 | 13.7 | 7.2 | 42.5 |
Earnings from discontinued ops | | | -8.2 | -2.2 | 1.0 | 42.5 |
Net income | -36.7 | -98.3 | -43.5 | 11.5 | 8.1 | 42.5 |
Net margin | -16.0% | -35.6% | -14.6% | 4.1% | 3.2% | 17.2% |
|
Basic EPS [+] | ($0.73) | ($1.95) | ($0.60) | $0.20 | $0.10 | $0.62 |
Growth | -62.8% | 227.1% | -400.7% | 93.1% | -83.4% | |
Diluted EPS [+] | ($0.73) | ($1.95) | ($0.60) | $0.20 | $0.10 | $0.60 |
Growth | -62.8% | 227.1% | -403.6% | 95.8% | -83.2% | |
|
Shares outstanding (basic) [+] | 50.6 | 50.3 | 59.1 | 68.9 | 69.7 | 68.5 |
Growth | 0.5% | -14.9% | -14.2% | -1.2% | 1.8% | |
Shares outstanding (diluted) [+] | 50.6 | 50.3 | 59.1 | 69.6 | 71.4 | 71.1 |
Growth | 0.5% | -14.9% | -15.0% | -2.5% | 0.4% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |