BLACKBOARD INC (BBBB) [Rocket]

Overview

BLACKBOARD INC (BBBB)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/14/2012	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
02/09/2012	SC 13G/A	Form SC 13G - Statement of acquisition of beneficial ownership by individuals [amend]
10/21/2011	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]
10/19/2011	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/19/2011	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/19/2011	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
10/19/2011	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
Revenues	447.3	377.0	312.1	239.4	183.1	135.7	111.4	92.5
Revenue growth	18.7%	20.8%	30.4%	30.8%	34.9%	21.8%	20.5%	32.2%
Cost of goods sold	132.8	111.0	94.8	65.1	56.0	39.8	8.0	29.7
Gross profit	314.5	266.0	217.3	174.4	127.1	95.8	103.4	62.8
Gross margin	70.3%	70.6%	69.6%	72.8%	69.4%	70.6%	92.9%	67.9%
Sales and marketing	121.2	98.8	91.1	66.0	58.3	37.9	35.2	30.9
Research and development	55.0	46.0	40.6	28.7	27.9	13.9	13.7	11.4
General and administrative	66.0	56.4	50.8	44.6	39.3	19.4	15.2	14.7
EBITA	72.3	53.9	38.2	42.1	6.1	24.7	13.6	5.4
EBITA margin	16.2%	14.3%	12.3%	17.6%	3.4%	18.2%	12.2%	5.9%
Amortization of intangibles	38.3	35.0	37.9	22.1	18.0	0.3	3.5	5.8
EBIT	34.0	18.9	0.4	20.0	-11.8	24.4	10.0	-0.3
EBIT margin	7.6%	5.0%	0.1%	8.3%	-6.5%	18.0%	9.0%	-0.4%
Pre-tax income	23.3	8.6	-5.7	18.1	-15.3	27.5	10.3	-0.8
Income taxes	6.6	0.7	-3.7	7.6	-4.6	-14.3	0.3	0.6
Tax rate	28.5%	8.1%	65.8%	42.0%	29.9%		2.9%
Net income	16.6	7.9	-1.9	10.5	-10.7	41.9	0.0	0.0
Net margin	3.7%	2.1%	-0.6%	4.4%	-5.9%	30.9%	0.0%	0.0%

Diluted EPS	$0.48	$0.24	($0.06)	$0.35	($0.39)	$1.47	$0.21	($2.09)
Shares outstanding (diluted)	34.8	33.1	30.9	30.1	27.9	28.5	0.0	0.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.