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MSC SOFTWARE CORP (MSCS)

Income Statement Business | Product

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:  
    Maintenance and Services       118.9  
    EMEA  96.495.9103.4     
    Europe     114.7 81.8  
    Other  158.0150.8156.2180.9 43.8  
Total revenues  254.4246.7259.7295.6 244.6  
            Revenue growth   [+]3.1%-5.0%-12.2%     
Cost of goods sold  48.046.358.170.6 68.2  
Gross profit  206.4200.4201.6225.0 176.4  
            Gross margin  81.1%81.2%77.6%76.1% 72.1%  
Selling, general and administrative   [+]147.0145.6152.7147.8 118.7  
Research and development  51.151.143.247.3 40.7  
EBITDA   [+]21.316.417.742.1 38.4  
            EBITDA margin  8.4%6.7%6.8%14.2% 15.7%  
Depreciation  7.27.67.07.0 15.1  
EBITA  14.18.910.835.1 23.4  
            EBITA margin  5.5%3.6%4.1%11.9% 9.6%  
Amortization of intangibles  7.15.95.95.9 8.0  
EBIT   [+]7.03.04.829.2 15.4  
            EBIT margin  2.7%1.2%1.9%9.9% 6.3%  
Non-recurring items   [+]13.213.30.1  3.7  
Interest expense  1.21.23.64.4 5.3  
Other income (expense), net  2.110.45.30.9 -5.0  
Pre-tax income  -5.4-1.16.425.7 1.4  
Income taxes  15.91.5-6.913.8 5.2  
            Tax rate     53.7% 377.7%  
Earnings from continuing ops  -21.3-2.613.311.9 -3.8  
Earnings from discontinued ops   1.00.5-0.1 -26.0  
Net income  -21.3-1.613.811.8 -29.8  
            Net margin  -8.4%-0.6%5.3%4.0% -12.2%  
   
Basic EPS   [+]($0.47)($0.06)$0.35$0.39 ($0.13)  
Diluted EPS   [+]($0.47)($0.06)$0.29$0.27 ($0.13)  
   
Shares outstanding (basic)   [+]45.044.238.230.8 29.9  
Shares outstanding (diluted)   [+]45.044.245.444.2 29.9  
   
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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