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Polypore, Inc. (PPO)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-30-06Dec-31-05Jan-01-05May-01-04Jan-03-04Dec-28-02
   10-K10-K10-K10-K10-K10-K
Revenues:  
    Post-Transactions  479.7432.5    
    Energy storage  343.0309.4213.4119.4295.3235.8
    Separations media  136.7123.197.759.8145.8109.7
    Post-Transactions through    311.1   
Total revenues  479.7432.5311.1179.3441.1345.4
            Revenue growth   [+]10.9%39.0%-29.5% 27.7% 
Cost of goods sold  314.7282.3225.9110.2285.6243.4
Gross profit  164.9150.285.269.1155.4102.0
            Gross margin  34.4%34.7%27.4%38.5%35.2%29.5%
Selling, general and administrative  87.674.148.024.969.748.9
EBITDA   [+]137.5130.270.960.9124.584.0
            EBITDA margin  28.7%30.1%22.8%34.0%28.2%24.3%
Depreciation  42.536.422.014.436.228.1
EBITA  95.093.848.946.588.255.9
            EBITA margin  19.8%21.7%15.7%26.0%20.0%16.2%
Amortization of intangibles  17.717.711.80.82.52.7
EBIT   [+]77.376.137.145.785.853.2
            EBIT margin  16.1%17.6%11.9%25.5%19.4%15.4%
Non-recurring items  37.08.719.1   
Interest expense  67.959.937.86.021.520.9
Other income (expense), net  -0.64.4-1.80.8-0.1-4.1
Pre-tax income  -28.212.0-21.640.564.128.2
Income taxes  -15.5-2.1-6.713.718.811.4
            Tax rate  55.0% 31.1%33.8%29.3%40.3%
Net income  -12.714.0-14.926.444.112.5
            Net margin  -2.6%3.2%-4.8%14.7%10.0%3.6%
   
   
   
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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