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KING PHARMACEUTICALS INC (KG)

Income Statement Business | Product | Geographic

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-K10-K
Revenues:  
    Meridian Auto-Injector  252.6218.4183.9164.8129.3   
    Royalties and other  51.883.195.2     
    Branded pharmaceuticals      1,542.11,076.51,272.4992.5
    Other  1,472.11,263.51,857.81,823.7101.5227.8220.495.5
Total revenues  1,776.51,565.12,136.91,988.51,772.91,304.41,492.81,088.0
            Revenue growth   [+]13.5%-26.8%7.5%12.2%35.9%-12.6%37.2%24.7%
Cost of goods sold  616.0991.9601.8529.8510.0359.7567.8309.2
Gross profit  1,160.5573.11,535.01,458.71,262.9944.7925.0778.9
            Gross margin  65.3%36.6%71.8%73.4%71.2%72.4%62.0%71.6%
Selling, general and administrative  548.6447.4691.0714.0636.5595.4490.6357.4
Research and development  98.7145.2149.4143.674.067.944.128.2
EBITDA   [+]513.3-19.5694.6601.1554.0290.8402.3393.3
            EBITDA margin  28.9%-1.2%32.5%30.2%31.3%22.3%27.0%36.1%
Depreciation and amortization  214.5151.5174.3147.5147.0162.1113.751.4
EBIT   [+]298.8-170.9520.2453.6407.0128.7288.6341.9
            EBIT margin  16.8%-10.9%24.3%22.8%23.0%9.9%19.3%31.4%
Non-recurring items   [+]62.449.5293.251.0226.9169.9136.666.8
Interest expense, net   [+]82.3-15.3-22.7-22.3-6.26.66.5-10.0
Other income (expense), net  -3.5-11.1-11.4-0.5-8.2-10.217.9-36.5
Pre-tax income  150.6-216.2238.4424.3178.1-58.0163.3248.5
Income taxes  58.6125.962.9135.761.5-7.465.978.0
            Tax rate  38.9% 26.4%32.0%34.5%12.8%40.3%31.4%
Earnings from continuing ops  92.0-342.0175.5288.6116.6-50.697.4170.5
Earnings from discontinued ops    -0.20.41.2-63.1-3.37.0
Net income  92.0-342.0175.2288.9117.8-160.392.0182.4
            Net margin  5.2%-21.9%8.2%14.5%6.6%-12.3%6.2%16.8%
   
Basic EPS   [+]$0.38($1.40)$0.72$242,505.88$0.48($0.21)$0.40$0.70
Diluted EPS   [+]$0.37($1.40)$0.72$242,505.88$0.48($0.21)$0.40$0.69
   
Shares outstanding (basic)   [+]242.0244.3243.40.0240.5242.9242.0243.2
Shares outstanding (diluted)   [+]248.5244.3243.40.0240.5242.9242.0246.5
   
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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