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Fleetmatics Group Ltd (FLTX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K10-K
Revenues  284.8231.6177.4127.592.3
            Revenue growth  23.0%30.6%39.2%38.1% 
Cost of goods sold  74.358.743.935.529.1
Gross profit  210.4172.9133.591.963.2
            Gross margin  73.9%74.6%75.3%72.1%68.4%
Selling, general and administrative   [+]150.9121.793.072.251.7
Research and development  21.417.111.07.46.0
Other operating expenses  -1.3-1.2  -0.5
EBITDA   [+]67.656.844.824.313.5
            EBITDA margin  23.8%24.5%25.2%19.0%14.7%
Depreciation  25.618.913.09.54.2
EBITA  42.137.931.814.79.3
            EBITA margin  14.8%16.4%17.9%11.5%10.1%
Amortization of intangibles  2.72.62.32.33.3
EBIT   [+]39.435.329.512.46.0
            EBIT margin  13.8%15.3%16.6%9.7%6.5%
Interest expense  0.90.72.02.12.4
Other income (expense), net   [+]3.40.8-1.1-1.00.2
Pre-tax income  41.935.526.49.33.7
Income taxes  3.18.0-4.13.90.9
            Tax rate  7.4%22.5% 41.9%23.2%
Earnings from continuing ops  38.827.530.55.40.1
Earnings from discontinued ops     0.0 
Net income  38.827.530.55.40.1
            Net margin  13.6%11.9%17.2%4.2%0.1%
   
Basic EPS   [+]$1.01$0.73$0.85$0.61$0.09
Diluted EPS   [+]$0.99$0.71$0.82$0.54$0.06
   
Shares outstanding (basic)   [+]38.437.535.78.81.5
Shares outstanding (diluted)   [+]39.338.637.110.12.1
   
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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