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Income Statement
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Cash Flow Statement
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Common Size IS
Op Efficiency
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PENWEST PHARMACEUTICALS CO (PPCO)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  23.88.53.33.56.25.14.75.5
            Revenue growth  179.0%158.0%-5.5%-43.7%21.6%9.2%-15.5%-4.5%
Cost of goods sold  2.71.40.60.20.00.10.20.2
Gross profit  21.27.12.73.36.25.04.55.4
            Gross margin  88.9%83.1%81.7%93.4%99.4%98.0%96.4%96.9%
Selling, general and administrative  9.412.114.314.113.29.510.47.6
Research and development  12.421.023.622.917.820.220.617.0
EBITDA   [+]0.2-24.6-33.6-32.1-23.4-23.2-25.5-18.8
            EBITDA margin  1.0%-288.7%-1016.7%-917.3%-376.9%-454.9%-546.0%-339.0%
Depreciation  0.61.01.11.01.01.00.70.2
EBITA  -0.4-25.6-34.7-33.1-24.4-24.3-26.2-19.0
            EBITA margin  -1.7%-300.3%-1050.2%-946.0%-392.8%-475.3%-560.6%-343.0%
Amortization of intangibles  0.30.40.40.60.50.40.20.2
EBIT   [+]-0.7-26.0-35.1-33.7-24.9-24.7-26.4-19.2
            EBIT margin  -2.9%-304.6%-1061.6%-962.1%-400.3%-483.3%-565.2%-346.0%
Interest expense  0.81.31.1   0.00.2
Other income (expense), net  0.00.51.82.42.00.90.50.4
Pre-tax income  -1.5-26.7-34.5-31.3-22.9-23.8-26.0-19.0
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%    
Earnings from continuing ops  -1.5-26.7-34.5-31.3-22.9-23.8-26.0-19.0
Earnings from discontinued ops        10.11.9
Net income  -1.5-26.7-34.5-31.3-22.9-23.8-15.9-17.1
            Net margin  -6.3%-313.3%-1041.9%-894.9%-368.5%-465.6%-340.6%-308.8%
   
Basic EPS   [+]($0.05)($0.89)($1.48)($1.38)($1.05)($1.28)($1.56)($1.23)
Diluted EPS   [+]($0.05)($0.89)($1.48)($1.38)($1.05)($1.28)($1.56)($1.23)
   
Shares outstanding (basic)   [+]31.729.923.222.821.718.616.715.5
Shares outstanding (diluted)   [+]31.729.923.222.821.718.616.715.5
   
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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