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Income Statement
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Common Size IS
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ARRIS GROUP INC (ARRS)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    CPE  1,837.02,448.4611.4382.4    
    Network & Cloud  1,637.51,193.0742.3703.0    
    N&C  450.71,193.0742.3703.0    
    Broadband Communications Systems      841.2852.9822.8859.2
    Other  1,397.7   246.3255.0321.7133.0
Total revenues   [+]5,322.93,620.91,353.71,088.71,087.51,107.81,144.6992.2
            Revenue growth   [+]47.0%167.5%24.3%0.1%-1.8%-3.2%15.4%11.3%
Cost of goods sold   [+]3,740.42,598.2891.1678.2663.4645.0751.4718.3
Gross profit  1,582.51,022.7462.6410.5424.1462.8393.1273.9
            Gross margin  29.7%28.2%34.2%37.7%39.0%41.8%34.3%27.6%
Selling, general and administrative  410.6338.3161.3148.8137.7148.4144.099.9
Research and development  556.6425.8170.7146.5140.5124.6112.571.2
Other operating expenses  236.5193.630.333.636.037.444.22.3
EBITDA   [+]694.6320.2158.5139.4168.8210.7157.5113.6
            EBITDA margin  13.0%8.8%11.7%12.8%15.5%19.0%13.8%11.5%
Depreciation  79.061.528.024.122.920.820.910.9
EBITA  615.6258.7130.5115.2145.9189.8136.6102.8
            EBITA margin  11.6%7.1%9.6%10.6%13.4%17.1%11.9%10.4%
Amortization of intangibles  236.8193.630.333.636.037.444.22.3
EBIT   [+]378.865.0100.281.6110.0152.492.4100.5
            EBIT margin  7.1%1.8%7.4%7.5%10.1%13.8%8.1%10.1%
Non-recurring items   [+]37.583.013.096.20.13.7210.56.6
Interest expense, net   [+]60.365.014.613.816.016.39.9-8.6
Other income (expense), net   [+]-41.8-13.21.6-0.10.72.10.727.0
Pre-tax income  239.2-96.274.3-28.594.6134.6-127.3129.5
Income taxes  -88.0-47.420.8-10.830.543.82.437.4
            Tax rate   49.3%28.0%38.1%32.2%32.6% 28.9%
Net income  327.2-48.853.5-17.764.190.8-129.692.3
            Net margin  6.1%-1.3%3.9%-1.6%5.9%8.2%-11.3%9.3%
   
Basic EPS   [+]$2.27($0.37)$0.47($0.15)$0.51$0.73($1.04)$0.83
Diluted EPS   [+]$2.21($0.37)$0.46($0.15)$0.50$0.71($1.04)$0.82
   
Shares outstanding (basic)   [+]144.4132.0114.2120.2125.2124.7124.9110.8
Shares outstanding (diluted)   [+]148.3132.0116.5120.2128.3128.1124.9113.0
   
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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