WACHOVIA CORP NEW (WB) [Rocket]

Overview

WACHOVIA CORP NEW (WB)

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Recent News + Filings (All items)

Date Filed	Type	Description
03/15/2021	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
08/22/2017	GN	6-DAY DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Weibo Corporation and Encourages Investors with Losses to Contact the...
07/31/2017	GN	WB INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Weibo Corporation and a Lead Plaintiff Deadline of Augus...
07/28/2017	GN	SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Weibo Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of August 28, ...
07/28/2017	GN	WB LOSS ALERT: Rosen Law Firm Reminds Weibo Corporation Investors of Important Deadline in First Filed Class Action – WB
07/21/2017	GN	IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Weibo Corporation and Reminds Investors with Losses to Contac...
07/21/2017	GN	IMPORTANT EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Weibo Corporation and Reminds Investors with Losses to Contact th...

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
Revenues	17,796	20,080	17,296	14,561	13,175	11,359	7,978	7,420
Revenue growth	-11.4%	16.1%	18.8%	10.5%	16.0%	42.4%	7.5%
Cost of goods sold	12,190	10,903	9,671	8,703	7,708	6,597	5,810	5,659
Gross profit	5,606	9,177	7,625	5,858	5,467	4,762	2,168	1,761
Gross margin	31.5%	45.7%	44.1%	40.2%	41.5%	41.9%	27.2%	23.7%
Sales and marketing	264	204	193	193	160	80	66	114
General and administrative	857	790	662	548	460	421	359	348
EBITA	1,909	5,826	4,619	3,118	2,975	2,529	134	-193
EBITA margin	10.7%	29.0%	26.7%	21.4%	22.6%	22.3%	1.7%	-2.6%
Amortization of intangibles	424	423	416	431	518	628
EBIT	1,485	5,403	4,203	2,687	2,457	1,901	134	-193
EBIT margin	8.3%	26.9%	24.3%	18.5%	18.6%	16.7%	1.7%	-2.6%
Pre-tax income	8,773	11,470	9,462	7,633	6,080	4,667	2,293	703
Income taxes	2,461	3,725	3,033	2,419	1,833	1,088	674	565
Tax rate	28.1%	32.5%	32.1%	31.7%	30.1%	23.3%	29.4%	80.4%
Earnings from continuing ops	6,312	7,745	6,429	5,214	4,259	3,560	1,613	92
Earnings from discontinued ops		46	214
Net income	6,312	7,791	6,643	5,214	4,259	3,560	1,613	92
Net margin	35.5%	38.8%	38.4%	35.8%	32.3%	31.3%	20.2%	1.2%

Diluted EPS	$3.26	$4.61	$4.06	$3.81	$3.18	$2.60	$1.46	$0.09
Shares outstanding (diluted)	1,934	1,681	1,585	1,370	1,340	1,369	1,105	974

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.