LEAP WIRELESS INTERNATIONAL INC (LEAP) [Rocket]

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06
	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K	10-K
Revenues:
Service revenues	2,630.6	2,947.5	2,829.3	0.1	2,242.0	1,782.2
Equipment revenues	267.5	194.9	241.9		239.3	249.8	235.1	210.8
Other				-95.2			1,395.7	956.4
Total revenues [+]	2,898.1	3,142.3	3,071.1	-95.1	2,481.3	2,031.9	1,630.8	1,167.2
Products	267.5	194.9	241.9		239.3	249.8
Services	2,630.6	2,947.5	2,829.3	0.1	2,242.0	1,782.2	1,395.7	956.4
Net interest income	-249.8	-268.2	-256.2		-210.4	-158.3
Revenue growth [+]	-7.8%	2.3%	-3329.3%	-103.8%	22.1%	24.6%	39.7%	21.9%
Service revenues	-10.8%	4.2%	4420651.6%	-100.0%	25.8%
Equipment revenues	37.3%	-19.4%			-4.2%	6.2%	11.5%	11.6%
Cost of goods sold [+]	1,871.4	1,850.4	1,799.1	-91.4	1,268.4	1,026.8	384.1	-575.0
Cost of product sales	871.4	816.2	817.9	568.9	561.3	465.4
Cost of services	1,000.0	1,034.2	981.2		707.2	561.4		-264.2
Gross profit	1,026.7	1,291.9	1,272.0	-3.7	1,212.9	1,005.1	1,246.7	1,742.2
Gross margin	35.4%	41.1%	41.4%	3.9%	48.9%	49.5%	76.4%	149.3%
Selling, general and administrative [+]	633.9	698.9	724.8	3.7	770.0	626.6	477.7	355.9
Sales and marketing	276.6	350.0	369.3		411.6	294.9	206.2	159.3
General and administrative	357.3	348.9	355.5	3.7	358.5	331.7	271.5	196.6
Other selling, general and administrative
Equity in earnings	-10.6	-0.5	3.0		3.9	-0.3	-2.3
Other operating expenses	-10.9	-459.4	-5.2	-8.1	0.8	0.4	405.1	1,581.4
EBITDA [+]	393.1	1,052.0	555.5		446.0	377.8	361.5	258.4
EBITDA growth	-62.6%	89.4%	72413.1%	-99.8%	18.0%	4.5%	39.9%	-11.8%
EBITDA margin	13.6%	33.5%	18.1%	-0.8%	18.0%	18.6%	22.2%	22.1%
Depreciation	583.7	608.8	525.0	-10.1	405.4	331.4	302.2	226.7
EBITA	-190.7	443.2	30.4	10.9	40.6	46.4	59.3	31.6
EBITA margin	-6.6%	14.1%	1.0%	-11.4%	1.6%	2.3%	3.6%	2.7%
Amortization of intangibles	10.6	16.8	23.4	10.1	5.3
EBIT [+]	-201.3	426.4	7.0	0.8	35.3	46.4	59.3	31.6
EBIT growth	-147.2%	5970.8%	817.0%	-97.8%	-23.9%	-21.8%	87.5%	-67.6%
EBIT margin	-6.9%	13.6%	0.2%	-0.8%	1.4%	2.3%	3.6%	2.7%
Non-recurring items [+]	34.2	269.1	29.4	0.8	0.2	0.0	1.4	7.9
Asset impairment	28.8	39.4	26.8	0.8	0.6	0.2	1.4	7.9
Loss (gain) on sale of assets	5.4	229.7	2.6		-0.4	-0.2
Interest expense, net [+]	-0.4	-0.2	-0.2	24.4	-3.8	-14.6	92.3	38.3
Interest expense				-24.4			121.2	61.3
Interest income	0.4	0.2	0.2	-24.4	3.8	14.6	28.9	23.1
Other income (expense), net [+]	-322.8	-286.9	-256.2	823.3	-236.2	-165.4	-6.2	-1.2
Gain (loss) on debt retirement	-73.0	-18.6			-26.3
Other			0.0		0.5	-7.1
Pre-tax income	-557.9	-129.4	-278.3	823.3	-197.4	-104.4	-40.5	-15.7
Income taxes	45.6	57.9	39.4	42.5	40.6	39.0	35.9	9.3
Tax rate				5.2%
Minority interest	-29.1	2.1	5.1	-86.9	1.5	-6.8		1.5
Net income	-574.4	-189.4	-322.8	780.7	-239.5	-136.6	-76.4	-24.4
Net margin	-19.8%	-6.0%	-10.5%	-821.0%	-9.7%	-6.7%	-4.7%	-2.1%

Basic EPS [+]	($7.35)	($2.45)	($4.22)	$10.28	($3.30)	($2.01)	($1.14)	($0.40)
Growth	199.9%	-41.9%	-141.0%	-411.4%	64.5%	76.2%	188.3%	-177.4%
Diluted EPS [+]	($7.35)	($2.45)	($4.22)	$10.28	($3.30)	($2.01)	($1.14)	($0.40)
Growth	199.9%	-41.9%	-141.0%	-411.4%	64.5%	76.2%	188.3%	-178.6%

Shares outstanding (basic) [+]	78.1	77.3	76.5	75.9	72.5	68.0	67.1	61.6
Growth	1.1%	1.0%	0.8%	4.7%	6.6%	1.4%	8.8%	2.5%
Shares outstanding (diluted) [+]	78.1	77.3	76.5	75.9	72.5	68.0	67.1	61.6
Growth	1.1%	1.0%	0.8%	4.7%	6.6%	1.4%	8.8%	1.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.