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GEVITY HR INC (GVHR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02Dec-31-01
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Gevity Edge Select     0.3    
    Gevity Edge     608.5    
Total revenues  520.5601.6647.5608.8585.5425.8374.7332.8
            Revenue growth  -13.5%-7.1%6.4%4.0%37.5%13.7%12.6%3.3%
Cost of goods sold  375.2415.6444.1413.8406.1310.1284.1261.8
Gross profit  145.3186.0203.5195.0179.3115.790.571.0
            Gross margin  27.9%30.9%31.4%32.0%30.6%27.2%24.2%21.3%
Selling, general and administrative   [+]48.155.954.549.341.831.525.129.3
EBITDA   [+]23.947.362.369.665.729.013.1-20.0
            EBITDA margin  4.6%7.9%9.6%11.4%11.2%6.8%3.5%-6.0%
Depreciation and amortization  16.016.313.914.614.27.48.19.3
EBIT   [+]7.931.048.455.051.621.65.0-29.3
            EBIT margin  1.5%5.2%7.5%9.0%8.8%5.1%1.3%-8.8%
Non-recurring items  8.7       
Interest income, net   [+]-2.1-1.90.71.00.81.52.03.3
Other income (expense), net  0.1-0.6-0.2 -0.1-0.10.10.0
Pre-tax income  -2.928.648.956.052.323.07.1-26.0
Income taxes  -1.610.513.418.617.77.62.4-10.4
            Tax rate  54.3%36.7%27.3%33.2%33.8%33.0%33.2%40.0%
Earnings from continuing ops  -1.318.135.637.44.713.04.7-15.6
Earnings from discontinued ops  -3.5-8.1-0.3     
Net income  -4.810.035.337.44.713.04.7-15.6
            Net margin  -0.9%1.7%5.4%6.1%0.8%3.1%1.3%-4.7%
   
Basic EPS   [+]($0.06)$0.76$1.37$1.36$0.20$0.66$0.23($0.76)
Diluted EPS   [+]($0.06)$0.75$1.33$1.31$0.18$0.53$0.22($0.76)
   
Shares outstanding (basic)   [+]23.623.725.927.524.119.720.720.6
Shares outstanding (diluted)   [+]23.624.226.828.525.724.621.120.6
   
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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