28
Year Ended December 31,
2013
2012
2011
2010
2009
(in millions, except share and per share data)
Statement of Operations Data:
Revenue
Services ........................................................................ $
281.4 $
305.1 $
303.9 $
262.3 $
151.9
Systems.........................................................................
80.9
182.3
121.5
126.5
148.2
Total revenue ......................................................
362.3
487.4
425.4
388.8
300.1
Direct cost of services revenue .....................................
156.3
178.3
171.0
152.2
84.1
Direct cost of systems revenue .....................................
67.0
148.9
103.2
98.6
102.1
Total direct cost of revenue .......................
223.3
327.2
274.2
250.8
186.2
Services gross profit .....................................................
125.1
126.8
132.9
110.1
67.8
Systems gross profit .....................................................
13.9
33.4
18.3
27.9
46.1
Total gross profit .......................................
139.0
160.2
151.2
138.0
113.9
Research and development expense .............................
34.3
36.6
37.1
30.1
22.3
Sales and marketing expense ........................................
28.5
30.7
29.4
23.9
16.0
General and administrative expense .............................
54.7
54.3
46.2
37.2
35.4
Depreciation and amortization of property and
equipment ................................................................
14.8
14.2
12.1
9.7
6.0
Amortization of goodwill and other intangible assets ..
4.6
4.4
5.5
4.7
0.9
Impairment of goodwill and long-lived assets..............
32.0
125.7
—
—
—
Total operating costs and expenses ...........
168.9
265.9
130.3
105.6
80.6
Patent related gains, net of expenses...................
—
—
—
—
15.7
Income (loss) from operations ...............................................
(29.9)
(105.7)
20.9
32.4
49.0
Interest expense......................................................................
(8.2)
(7.4)
(7.3)
(9.2)
(1.8)
Amortization of deferred financing fees ................................
(3.4)
(0.8)
(0.8)
(0.8)
(0.4)
Gain (loss) on early retirement of debt...................................
(0.2)
0.4
—
—
—
Other income (expense), net ..................................................
(0.3)
—
(0.4)
1.6
0.3
Income (loss) before income taxes.........................................
(42.0)
(113.5)
12.4
24.0
47.1
Benefit (provision) for income taxes......................................
(16.6)
15.5
(5.4)
(8.1)
(18.8)
Net income (loss) ................................................................... $
(58.6) $
(98.0) $
7.0 $
15.9 $
28.3
Net income (loss) per share — basic...................................... $
(1.00) $
(1.69) $
0.12 $
0.30 $
0.59
Net income (loss) per share — diluted
1
.................................. $
(1.00) $
(1.69) $
0.12 $
0.28 $
0.53
Basic shares used in computation (in thousands) ...................
58,611
57,889
56,722
53,008
47,623
Diluted shares used in computation (in thousands)................
58,611
57,889
58,581
56,032
53,946
1
Shares issuable via the convertible notes are included if diluted, in which case tax-effected interest expense on the debt is excluded
from the determination of Net income (loss) per share – diluted, see Note 3 presented in the Notes to Consolidated Financial
Statements.
As of December 31:
2013
2012
2011
2010
2009
(in millions)
Balance Sheet Data:
Cash and cash equivalents...................................................... $
41.9 $
36.6 $
40.9 $
45.2 $
61.4
Working capital......................................................................
55.2
82.6
87.0
89.6
77.7
Total assets.............................................................................
321.5
413.7
489.6
462.8
472.2
Capital leases and long-term debt (including current portion)
147.5
167.6
140.8
160.5
183.0
Total liabilities .......................................................................
212.2
252.6
238.9
247.3
286.4
Total stockholders’ equity......................................................
109.3
161.1
250.7
215.5
185.8
