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Volcano Corp (VOLC)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Medical  112.640.767.116.9130.8   
    Industrial  8.410.711.023.016.2   
    Other         2.6
    Other  272.6330.4265.5254.280.9  100.4
Total revenues  393.7381.9343.5294.1227.9171.5130.6103.0
            Revenue growth   [+]3.1%11.2%16.8%29.1%32.9%31.3%26.8%12.1%
Cost of goods sold  143.3128.9114.5108.991.564.351.641.7
Gross profit  250.4253.0229.0185.3136.4107.279.161.3
            Gross margin  63.6%66.2%66.7%63.0%59.8%62.5%60.5%59.5%
Selling, general and administrative  183.0172.8147.1133.0111.684.462.647.6
Research and development  69.255.553.142.537.426.720.316.9
Other operating expenses  3.83.23.42.64.23.13.13.1
EBITDA   [+]20.845.048.625.9-0.62.40.92.2
            EBITDA margin  5.3%11.8%14.2%8.8%-0.3%1.4%0.7%2.1%
Depreciation and amortization  22.520.319.816.112.06.24.85.4
EBITA  -1.724.728.99.8-12.6-3.9-3.9-3.2
            EBITA margin  -0.4%6.5%8.4%3.3%-5.5%-2.2%-3.0%-3.1%
Amortization of intangibles  3.83.23.42.64.23.13.13.1
EBIT   [+]-5.621.425.47.2-16.8-7.0-7.0-6.3
            EBIT margin  -1.4%5.6%7.4%2.5%-7.4%-4.1%-5.3%-6.1%
Non-recurring items   [+]24.31.9 -2.814.012.726.2 
Interest expense, net   [+]25.67.16.21.7-0.8-4.7-5.63.1
Other income (expense), net   [+]4.7-2.8-1.1-0.92.31.91.51.1
Pre-tax income  -50.89.718.17.3-27.8-13.1-26.1-8.3
Income taxes  -16.31.7-20.02.11.20.60.50.3
            Tax rate  32.1%17.2% 28.5%    
Net income  -34.58.038.15.2-29.0-13.7-26.6-8.6
            Net margin  -8.8%2.1%11.1%1.8%-12.7%-8.0%-20.3%-8.3%
   
Basic EPS   [+]($0.63)$0.15$0.73$0.10($0.60)($0.29)($0.66)($0.41)
Diluted EPS   [+]($0.63)$0.15$0.70$0.10($0.60)($0.29)($0.66)($0.41)
   
Shares outstanding (basic)   [+]54.353.552.350.648.447.440.321.0
Shares outstanding (diluted)   [+]54.355.254.653.348.447.440.321.0
   
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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