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Real Goods Solar, Inc. (RGSE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Solar Division  12.715.6      
    Other  0.00.0  2.23.71.5 
    Residential    13.330.255.853.942.5 
    Other     15.312.7   
Total revenues   [+]12.715.60.845.570.857.744.0109.3
            Revenue growth   [+]-18.4%1904.1%-98.3%-35.7%22.7%31.1%-59.7%41.3%
Cost of goods sold  17.922.24.739.158.043.428.081.4
Gross profit  -5.2-6.6-3.96.412.814.316.027.9
            Gross margin  -40.7%-42.3%-499.4%14.1%18.0%24.7%36.3%25.5%
Selling, general and administrative   [+]3.65.95.85.88.36.67.927.8
Other operating expenses  4.74.51.814.7-1.819.123.2-0.1
EBITDA   [+]-13.0-16.6-11.1-14.16.3-11.4-14.91.1
            EBITDA margin  -102.2%-106.7%-1425.2%-30.9%8.9%-19.8%-33.9%1.0%
Depreciation  0.40.40.40.50.50.91.20.8
EBITA  -13.4-17.1-11.5-14.65.8-12.3-16.10.3
            EBITA margin  -105.4%-109.4%-1479.7%-32.0%8.1%-21.4%-36.6%0.3%
Amortization of intangibles  0.0   2.7 0.20.2
EBIT   [+]-13.4-17.1-11.5-14.63.1-12.3-16.30.1
            EBIT margin  -105.6%-109.4%-1479.7%-32.0%4.4%-21.4%-37.1%0.1%
Non-recurring items   [+]1.50.30.02.343.71.022.02.4
Interest expense    2.90.51.20.90.80.2
Other income (expense), net   [+]-27.1-0.3-11.47.514.32.078.3 
Pre-tax income  -42.1-17.7-25.8-9.8-27.4-12.239.1-2.5
Income taxes  0.00.00.00.0-1.20.18.7-0.6
            Tax rate  0.0%   4.5% 22.3%22.8%
Earnings from continuing ops  -42.1-17.7-25.8-9.8-26.2-12.3-47.9-1.9
Earnings from discontinued ops     -1.0-30.91.00.7 
Net income  -42.1-17.7-25.3-10.8-57.1-11.3-47.2-1.9
            Net margin  -330.6%-113.5%-3255.5%-23.7%-80.7%-19.6%-107.3%-1.7%
   
Basic EPS   [+]($1.18)($2.55)($187.17)($700.57)($10.95)($0.42)($1.79)($0.08)
Diluted EPS   [+]($1.18)($2.55)($187.17)($700.57)($10.95)($0.42)($1.79)($0.08)
   
Shares outstanding (basic)   [+]35.67.00.10.02.429.526.723.6
Shares outstanding (diluted)   [+]35.67.00.10.02.429.526.723.6
   
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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