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ARBITRON INC (ARB)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Radio audience ratings services     307.2297.1267.8253.0237.2
    Local market consumer information services     35.036.936.433.330.7
    Other     42.734.834.333.032.5
Total revenues  449.9422.3395.4385.0368.8338.5319.3300.4
            Revenue growth   [+]6.5%6.8%2.7%4.4%9.0%6.0%6.3%1.3%
Cost of goods sold  231.9220.4215.3196.3185.6157.2120.7101.8
Gross profit  217.9201.9180.1188.7183.2181.3198.6198.6
            Gross margin  48.4%47.8%45.5%49.0%49.7%53.6%62.2%66.1%
Selling, general and administrative  89.178.475.381.985.379.578.566.5
Research and development  40.638.439.142.041.442.544.238.4
Equity in earnings  7.27.37.17.66.74.17.77.8
EBITDA   [+]126.2122.6100.395.780.675.993.1107.3
            EBITDA margin  28.0%29.0%25.4%24.9%21.9%22.4%29.2%35.7%
Depreciation  28.328.526.723.117.211.87.84.1
EBITA  97.994.173.672.663.464.185.2103.1
            EBITA margin  21.8%22.3%18.6%18.9%17.2%18.9%26.7%34.3%
Amortization of intangibles  2.41.70.80.10.30.81.61.7
EBIT   [+]95.492.472.772.463.163.383.7101.5
            EBIT margin  21.2%21.9%18.4%18.8%17.1%18.7%26.2%33.8%
Non-recurring items     10.0    
Interest expense, net   [+]0.50.51.01.31.6-1.53.11.0
Other income (expense), net   -3.5      
Pre-tax income  94.988.371.861.161.564.880.6100.5
Income taxes  38.035.127.319.024.324.330.333.2
            Tax rate  40.0%39.7%38.0%31.0%39.5%37.5%37.5%33.1%
Earnings from continuing ops  56.953.344.542.237.240.550.367.3
Earnings from discontinued ops      0.4-0.30.30.0
Net income  56.953.344.542.237.240.250.767.3
            Net margin  12.7%12.6%11.2%11.0%10.1%11.9%15.9%22.4%
   
Basic EPS   [+]$2.15$1.96$1.66$1.59$1.37$1.38$1.68$2.16
Diluted EPS   [+]$2.11$1.93$1.64$1.58$1.37$1.37$1.67$2.14
   
Dividends per share  $0.40$0.40$0.40$0.40    
   
Shares outstanding (basic)   [+]26.527.226.826.527.129.429.931.2
Shares outstanding (diluted)   [+]27.027.727.126.727.329.730.131.5
   
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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