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Income Statement
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Op Efficiency
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ALLIED DEFENSE GROUP INC (ADGI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02
   10-K10-K10-K10-K10-K10-K10-K/A10-K/A
Revenues  0.0144.428.479.0110.2144.3151.7141.6
            Revenue growth  -100.0%408.0%-64.0%-28.3%-23.6%-4.9%7.1%46.1%
Cost of goods sold  7.8124.041.281.194.2105.8114.989.3
Gross profit  -7.820.5-12.8-2.116.138.536.852.3
            Gross margin  -25209.7%14.2%-45.1%-2.7%14.6%26.7%24.3%37.0%
Selling, general and administrative  -3.919.521.526.736.529.624.417.5
Research and development   2.31.65.07.26.74.51.6
EBITDA   [+]-10.41.1-93.3-61.2-19.58.613.936.5
            EBITDA margin  -33651.6%0.8%-328.2%-77.4%-17.7%6.0%9.2%25.8%
Depreciation and amortization  0.35.14.95.96.14.64.03.3
EBIT   [+]-10.8-4.0-98.2-67.1-25.64.19.933.2
            EBIT margin  -34709.7%-2.8%-345.5%-84.9%-23.2%2.8%6.5%23.4%
Non-recurring items   [+]-3.9-2.3-29.3 3.1   
Interest expense, net   [+] 5.7      
Other income (expense), net  0.2-3.4      
Pre-tax income  -6.7-10.8-43.2-30.01.00.34.732.9
Income taxes  -0.20.20.011.31.10.34.713.7
            Tax rate  3.0% 0.0% 103.8%99.6%99.9%41.6%
Earnings from continuing ops  -6.5-11.00.00.00.00.00.00.0
Earnings from discontinued ops  -8.3       
Net income  -14.8-10.40.00.00.00.00.00.0
            Net margin  -47683.9%-7.2%-0.1%-0.1%0.0%0.0%0.0%0.0%
   
Basic EPS   [+]($0.80)$0.00$0.00($0.01)($0.01)$0.00$0.00$0.00
Diluted EPS   [+]($0.80)$0.00$0.00($0.01)($0.01)$0.00$0.00$0.00
   
Shares outstanding (basic)   [+]8.18,045.27.26.15.85,568.25,496.85.3
Shares outstanding (diluted)   [+]8.18,045.27.26.15.85,745.35,670.15.7
   
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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