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Pactera Technology International Ltd. (HSFT)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08
   20-F20-F20-F20-FS-1/A20-F
Revenues:  
    Japan  49.660.147.739.0  
    Peoples Republic of China and Hong Kong     48.8  
    United States  135.675.349.334.0  
    Greater China  402.0172.387.3   
    Other  82.851.334.824.8  
Total revenues  670.0359.0219.0146.691.5100.7
            Revenue growth   [+]86.6%63.9%49.4%60.3%-9.2% 
Cost of goods sold  524.9257.2155.7100.958.870.3
Gross profit  145.1101.963.345.732.730.4
            Gross margin  21.7%28.4%28.9%31.2%35.8%30.2%
Selling, general and administrative   [+]183.6117.655.539.824.927.4
Equity in earnings  0.10.0    
Other operating expenses  -48.4-22.6-13.3-8.2 3.8
EBITDA   [+]34.119.728.217.810.34.5
            EBITDA margin  5.1%5.5%12.9%12.2%11.3%4.5%
Depreciation  13.76.94.42.92.53.6
EBITA  20.512.923.814.97.80.9
            EBITA margin  3.1%3.6%10.9%10.2%8.6%0.9%
Amortization of intangibles  10.46.12.70.90.11.6
EBIT   [+]10.06.821.114.07.7-0.7
            EBIT margin  1.5%1.9%9.6%9.6%8.5%-0.7%
Non-recurring items   [+]-0.94.91.81.2 10.5
Interest income, net   [+]2.23.62.91.20.50.7
Other income (expense), net   [+]-0.4-1.1-2.00.00.2-0.8
Pre-tax income  12.74.520.114.08.4-11.4
Income taxes  -5.0-1.21.71.91.1-0.7
            Tax rate    8.5%13.8%12.6%6.2%
Minority interest   0.70.5   
Earnings from continuing ops  7.82.617.98.11.7-10.7
Earnings from discontinued ops       -0.6
Net income  7.82.617.98.11.7-10.7
            Net margin  1.2%0.7%8.2%5.5%1.8%-10.6%
   
Basic EPS   [+]$0.10$0.05$0.44$0.36$0.02 
Diluted EPS   [+]$0.09$0.05$0.42$0.22$0.00 
   
Shares outstanding (basic)   [+]81.947.540.622.786.1 
Shares outstanding (diluted)   [+]85.049.443.036.4388.4 
   
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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