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ADVISORY BOARD CO (ABCO)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Dec-31-15Mar-31-14Mar-31-13Mar-31-12Mar-31-11Mar-31-10Mar-31-09
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  784.4749.9503.0434.6357.9   
    Other Countries  19.018.516.416.212.4   
Total revenues  803.4768.3519.4450.8370.3283.4232.6230.4
            Revenue growth   [+]4.6% 15.2%21.7%30.7%21.9%1.0%5.2%
Cost of goods sold  393.0392.7271.9237.6197.9144.9118.4116.6
Gross profit  410.5375.7247.5213.2172.4138.5114.2113.8
            Gross margin  51.1%48.9%47.6%47.3%46.6%48.9%49.1%49.4%
Selling, general and administrative   [+]256.7249.6170.5147.4121.8102.584.779.0
Equity in earnings  46.7-4.4-6.1-6.8-1.3   
EBITDA   [+]200.5121.671.059.049.936.629.535.8
            EBITDA margin  25.0%15.8%13.7%13.1%13.5%12.9%12.7%15.5%
Depreciation  54.548.723.114.59.76.64.85.6
EBITA  146.072.947.944.540.130.024.730.1
            EBITA margin  18.2%9.5%9.2%9.9%10.8%10.6%10.6%13.1%
Amortization of intangibles  22.824.48.05.85.14.11.61.0
EBIT   [+]123.248.539.938.735.025.923.129.1
            EBIT margin  15.3%6.3%7.7%8.6%9.5%9.1%9.9%12.6%
Non-recurring items   [+] 107.3    7.4 
Interest expense, net   [+]18.121.1-3.3-3.4-2.4-1.7-2.3 
Other income (expense), net   [+]-49.5-19.55.5-18.8-12.1-9.10.02.4
Pre-tax income  55.6-99.448.723.325.318.518.131.6
Income taxes  -11.0-15.2-18.7-18.0-15.2-9.76.210.1
            Tax rate   15.3%    34.3%32.0%
Minority interest     -0.1    
Earnings from continuing ops  91.2-119.023.923.422.917.612.321.5
Earnings from discontinued ops      2.40.4-0.4 
Net income  91.2-119.023.923.425.318.111.921.5
            Net margin  11.4%-15.5%4.6%5.2%6.8%6.4%5.1%9.3%
   
Basic EPS   [+]$2.25($2.84)$0.66$0.67$0.70$0.56$0.79$1.31
Diluted EPS   [+]$2.23($2.84)$0.65$0.64$0.66$0.54$0.78$1.30
   
Shares outstanding (basic)   [+]40.541.935.934.732.831.515.516.4
Shares outstanding (diluted)   [+]40.941.937.036.334.732.815.716.6
   
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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