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  • jthinkhouse jthinkhouse Feb 28, 2013 5:09 PM Flag

    what was the GAAP loss?

    anyone know?

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    • motownmike Feb 28, 2013 5:22 PM Flag

      I would focus on pre-tax operating income. It is relatively clean and then add back amortization of acquisition intangibles. By that metric they broke even versus making $13 million last year for quarter and lost about $22 million for year (verse profit before). They forecast a operaing loss of about $5 million (after making various tax, interest and amortization fixes). I don't count amortization of intangibles as a pre-tax loss. if you do then they lose another %85 to $90 million a year pre-tax.

    • For the full fiscal year 2013, GAAP net loss per share was ($1.92), and non-GAAP diluted earnings per share was $1.63. The company's non-GAAP results exclude the effects of $379 million in stock-based compensation, $149 million related to the one-time tax valuation allowance established in the fiscal third quarter, $88 million in amortization of purchased intangibles, and $24 million in net non-cash interest expense related to the convertible senior notes, and is based on a non-GAAP tax rate of approximately 33%. GAAP EPS calculations are based on a basic share count of approximately 141 million shares. Non-GAAP EPS calculations are based on approximately 149 million diluted shares outstanding during the year, including approximately four million shares associated with the company's convertible senior notes.

      Sentiment: Sell

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