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CITADEL BROADCASTING CORP (CDELA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Radio Markets     615.1432.9419.9  
    Radio Network     109.1    
Total revenues  739.6723.6863.1719.8432.9419.9646.2634.4
            Revenue growth   [+]2.2%-16.2%19.9%66.3%3.1%-35.0%1.9%2.6%
Cost of goods sold  743.6-250.9-271.1-267.0-172.6-160.10.00.0
Gross profit  -4.0974.51,134.2986.8605.5580.0646.2634.4
            Gross margin  -0.5%134.7%131.4%137.1%139.9%138.1%100.0%100.0%
Selling, general and administrative   [+]192.2203.9227.5240.3156.8138.1134.2122.2
EBITDA   [+]-791.9-802.2-978.8-1,385.1-18.5165.7143.0136.7
            EBITDA margin  -107.1%-110.9%-113.4%-192.4%-4.3%39.5%22.1%21.5%
Depreciation and amortization  69.935.645.330.716.722.3101.3140.7
EBIT   [+]-861.9-837.8-1,024.0-1,415.8-35.2143.441.7-4.0
            EBIT margin  -116.5%-115.8%-118.6%-196.7%-8.1%34.1%6.5%-0.6%
Non-recurring items  -1,014.14.6      
Interest expense  63.1190.2211.8100.732.921.117.3 
Other income (expense), net  992.1-4.9103.3-0.6  -13.6-57.6
Pre-tax income  1,081.2-1,037.5-1,132.5-1,517.1-68.1122.310.8-61.6
Income taxes  13.3-254.1-162.7-231.8-20.152.5-63.828.0
            Tax rate  1.2%24.5%14.4%15.3%29.5%42.9%  
Net income  1,067.9-783.4-969.8-1,285.2-48.069.874.6-89.6
            Net margin  144.4%-108.3%-112.4%-178.6%-11.1%16.6%11.5%-14.1%
   
Basic EPS   [+] ($2,967.39)($3,690.16)($6.61)($0.43)$0.59$0.58($0.83)
Diluted EPS   [+] ($2,967.39)($3,690.16)($6.61)($0.43)$0.52$0.52($0.83)
   
Shares outstanding (basic)   [+] 0.30.3194.4111.5119.2129.2107.4
Shares outstanding (diluted)   [+] 0.30.3194.4111.5134.5143.4107.4
   
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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