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Income Statement
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Op Efficiency
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LEADIS TECHNOLOGY INC (LDIS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02Dec-31-01
   10-K10-K10-K10-K10-K10-K10-KS-1/A
Revenues  18.639.6101.264.2150.384.57.91.2
            Revenue growth  -53.1%-60.9%57.7%-57.3%77.9%970.0%545.4% 
Cost of goods sold  21.936.388.550.297.754.36.60.4
Gross profit  -3.33.212.714.052.530.21.30.8
            Gross margin  -18.0%8.2%12.6%21.8%35.0%35.7%16.4%65.6%
Selling, general and administrative  17.016.414.812.88.53.51.50.7
Research and development  21.618.613.814.515.07.01.40.3
EBITDA   [+]-40.3-30.2-14.7-12.529.319.7-1.7-0.1
            EBITDA margin  -217.0%-76.4%-14.5%-19.5%19.5%23.4%-21.1%-5.0%
Depreciation  1.71.51.20.80.30.20.10.1
EBITA  -42.0-31.7-15.9-13.329.019.6-1.8-0.1
            EBITA margin  -226.3%-80.2%-15.7%-20.7%19.3%23.2%-22.5%-10.0%
Amortization of intangibles  1.82.1     0.1
EBIT   [+]-43.7-33.8-15.9-13.329.019.6-1.8-0.2
            EBIT margin  -235.7%-85.5%-15.7%-20.7%19.3%23.2%-22.5%-18.9%
Non-recurring items   [+]9.52.5      
Other income (expense), net  0.94.44.32.71.00.10.10.1
Pre-tax income  -52.4-31.9-11.5-10.630.019.6-1.7-0.1
Income taxes  -0.8-1.00.50.812.46.90.00.0
            Tax rate  1.6%3.1%  41.3%35.0%0.0%0.0%
Minority interest         0.0
Earnings from continuing ops  -51.5-30.9-11.9-11.417.612.8-1.7-0.1
Earnings from discontinued ops        -1.7-0.1
Net income  -51.5-30.9-11.9-11.417.612.8-1.7-0.1
            Net margin  -277.7%-78.1%-11.8%-17.7%11.7%15.1%-21.0%-11.7%
   
Basic EPS   [+]($1.76)($1.06)($0.41)($0.40)$0.72$0.62($0.28)($0.03)
Diluted EPS   [+]($1.76)($1.06)($0.41)($0.40)$0.63$0.55($0.28)($0.03)
   
Shares outstanding (basic)   [+]29.329.229.128.424.420.66.05.5
Shares outstanding (diluted)   [+]29.329.229.128.427.923.16.05.5
   
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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