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Common Size IS
Op Efficiency
Credit Analysis

WASTE SERVICES, INC. (WSII)

Income Statement

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:  
    Total $  434.5473.0461.4362.7353.4   
    Canada  225.3241.7222.1188.0166.3142.7125.0 
    Florida  209.3231.4239.4174.6187.0144.1  
    Other       0.31.8 
Total revenues  434.5473.0461.4362.7353.4287.1126.898.8
            Revenue growth   [+]-8.1%2.5%27.2%2.6%23.1%126.5%28.2%6.0%
Cost of goods sold  277.5309.1301.6247.6253.6205.584.764.4
Gross profit  157.1163.9159.9115.199.881.642.134.4
            Gross margin  36.1%34.7%34.6%31.7%28.2%28.4%33.2%34.8%
Selling, general and administrative  58.366.564.256.852.450.330.415.2
EBITDA   [+]100.887.095.751.051.640.39.9 
            EBITDA margin  23.2%18.4%20.7%14.0%14.6%14.0%7.8%7.5%
Depreciation and amortization  44.645.354.937.739.732.214.9 
EBIT   [+]56.341.740.813.312.08.1-5.07.4
            EBIT margin  12.9%8.8%8.8%3.7%3.4%2.8%-4.0%7.5%
Interest expense  31.037.440.731.028.230.88.35.7
Other income (expense), net     -19.7-21.0-17.5-10.22.2
Pre-tax income  25.34.20.1-37.4-37.3-40.2-23.53.8
Income taxes  11.26.214.412.212.17.6-0.61.7
            Tax rate  44.5%146.3%10773.9%   2.5%44.6%
Earnings from continuing ops  14.1-2.0-14.3-49.5-49.4-47.8-0.10.0
Earnings from discontinued ops   0.42.81.0-0.9-0.6  
Net income  14.1-1.5-11.5-48.5-50.3-48.2-0.10.0
            Net margin  3.2%-0.3%-2.5%-13.4%-14.2%-16.8%-0.1%0.0%
   
Basic EPS   [+]$0.30($0.04)($310.89)($1.40)($1.50)($1.62)($1.98)($0.39)
Diluted EPS   [+]$0.30($0.04)($310.89)($1.40)($1.50)($1.62)($1.98)($0.39)
   
Shares outstanding (basic)   [+]46.246.10.035.432.929.40.00.0
Shares outstanding (diluted)   [+]46.246.10.035.432.929.40.00.0
   
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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