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CAVIUM, INC. (CAVM)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Enterprise, Datacenter, and Service Provider Markets     341.1259.9184.4  
    Broadband and consumer markets     31.944.151.0  
    Software and Services         31.3
    Semiconductor         175.2
Total revenues  984.0603.3412.7373.0304.0235.5259.2206.5
            Revenue growth   [+]63.1%46.2%10.7%22.7%29.1%-9.2%25.5%104.0%
Cost of goods sold  484.4318.0143.8138.4114.7102.6104.379.5
Gross profit  499.6285.3269.0234.6189.3132.9154.9127.0
            Gross margin  50.8%47.3%65.2%62.9%62.3%56.4%59.8%61.5%
Selling, general and administrative  178.3161.178.970.464.171.866.855.3
Research and development  377.9257.8203.8171.7134.6109.992.260.6
EBITDA   [+]148.5-34.328.726.631.6-16.921.626.2
            EBITDA margin  15.1%-5.7%7.0%7.1%10.4%-7.2%8.3%12.7%
Depreciation  76.846.632.819.517.714.811.88.4
EBITA  71.7-81.0-4.17.113.9-31.79.917.8
            EBITA margin  7.3%-13.4%-1.0%1.9%4.6%-13.4%3.8%8.6%
Amortization of intangibles  128.452.69.614.623.317.213.96.7
EBIT   [+]-56.7-133.6-13.7-7.5-9.4-48.9-4.011.1
            EBIT margin  -5.8%-22.1%-3.3%-2.0%-3.1%-20.7%-1.6%5.4%
Non-recurring items   [+]     27.7  
Interest expense  29.112.71.21.51.50.60.20.4
Other income (expense), net  0.20.1-0.4-15.2-0.9-0.2-0.2-1.0
Pre-tax income  -85.6-146.2-15.4-24.2-11.8-77.3-4.59.7
Income taxes  -16.81.01.71.61.936.3-4.5-27.4
            Tax rate  19.6%     100.7% 
Minority interest     -10.5-10.7-1.0  
Net income  -68.9-147.2-17.1-15.3-3.0-112.60.037.1
            Net margin  -7.0%-24.4%-4.1%-4.1%-1.0%-47.8%0.0%18.0%
   
Basic EPS   [+]($1.01)($2.42)($0.31)($0.29)($0.06)($2.26)$0.00$0.83
Diluted EPS   [+]($1.01)($2.42)($0.31)($0.29)($0.06)($2.26)$0.00$0.77
   
Shares outstanding (basic)   [+]68.460.955.653.551.649.948.344.7
Shares outstanding (diluted)   [+]68.460.955.653.551.649.950.848.2
   
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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