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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

MEDQUIST INC (MEDQ)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  375.2307.2326.9340.3358.1353.0451.9484.8
            Revenue growth  22.1%-6.0%-4.0%-5.0%1.4%-21.9%-6.8% 
Cost of goods sold  249.6206.3230.4260.9280.3315.4336.2348.4
Gross profit  125.7100.996.579.577.837.6115.7136.3
            Gross margin  33.5%32.9%29.5%23.3%21.7%10.7%25.6%28.1%
Selling, general and administrative  37.133.447.562.353.754.646.443.7
Research and development  12.89.615.813.713.29.810.510.2
EBITDA   [+]65.241.813.4-2.6-2.1-68.648.482.4
            EBITDA margin  17.4%13.6%4.1%-0.8%-0.6%-19.4%10.7%17.0%
Depreciation  22.015.717.511.011.817.118.518.7
EBITA  43.226.1-4.1-13.6-13.9-85.729.963.7
            EBITA margin  11.5%8.5%-1.3%-4.0%-3.9%-24.3%6.6%13.1%
Amortization of intangibles     5.55.88.28.99.8
EBIT   [+]43.226.1-4.1-19.1-19.7-93.921.054.0
            EBIT margin  11.5%8.5%-1.3%-5.6%-5.5%-26.6%4.7%11.1%
Non-recurring items   [+]2.82.784.32.83.43.415.1-0.3
Interest income, net   [+]-13.4-0.12.48.47.65.91.81.1
Other income (expense), net   [+]4.82.00.70.60.90.50.2-0.5
Pre-tax income  31.725.3-85.3-12.9-14.6-90.98.054.8
Income taxes  0.72.0-16.52.32.320.84.219.2
            Tax rate  2.1%7.8%19.4%   53.1%35.1%
Net income  31.123.3-68.8-15.2-16.9-111.63.735.6
            Net margin  8.3%7.6%-21.0%-4.5%-4.7%-31.6%0.8%7.3%
   
Basic EPS   [+]$0.83$0.62($1.83)($0.41)($0.45)($2.98)$0.10$0.96
Diluted EPS   [+]$0.83$0.62($1.83)($0.41)($0.45)($2.98)$0.10$0.94
   
Shares outstanding (basic)   [+]37.637.637.537.537.537.537.537.2
Shares outstanding (diluted)   [+]37.637.637.537.537.537.537.637.7
   
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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