DigitalGlobe Reports First Quarter 2016 Results

Performance against key metrics:

For the three months ended
March 31,
($ in millions)   2016     2015
Revenue   $ 175.4   $ 169.4
Net income (loss) available to common stockholders $ 7.3 $ (5.9 )
Adjusted EBITDA $ 95.4 $ 73.1
Adjusted EBITDA margin 54.4 % 43.2 %
Net cash flows provided by operating activities $ 57.6 $ 56.9
Free cash flow $ 17.8 $ 25.6
Free cash flow margin 10.1 % 15.1 %
 
       

DigitalGlobe, Inc.

Consolidated Statements of Operations

 
For the three months ended
March 31,
(in millions, except per share data) 2016 2015
Revenue $ 175.4 $ 169.4
Costs and expenses:
Cost of revenue, excluding depreciation and amortization 32.2 39.3
Selling, general and administrative 48.7 57.0
Depreciation and amortization 71.0 67.3
Restructuring charges   2.9     2.2  
Income from operations 20.6 3.6
Interest expense, net   (5.1 )   (12.7 )
Income (loss) before income taxes 15.5 (9.1 )
Income tax (expense) benefit (6.0 ) 4.2
Equity in earnings from joint venture, net of tax   (0.9 )    
Net income (loss) 8.6 (4.9 )
Preferred stock dividends   (1.0 )   (1.0 )
Net income (loss) less preferred stock dividends 7.6 (5.9 )
Income allocated to participating securities   (0.3 )    
Net income (loss) available to common stockholders $ 7.3   $ (5.9 )
 
Earnings per share:
Basic earnings (loss) per share $ 0.11   $ (0.08 )
Diluted earnings (loss) per share $ 0.11   $ (0.08 )
Weighted average common shares outstanding:
Basic   64.9     72.4  
Diluted   65.1     72.4  
 
       

DigitalGlobe, Inc.

Reconciliation of Net Income to EBITDA and Adjusted EBITDA

 
For the three months ended
March 31,
(in millions) 2016 2015
Net income $ 8.6 $ (4.9 )
Depreciation and amortization 71.0 67.3
Interest expense, net 5.1 12.7
Income tax expense (benefit)   6.0   (4.2 )
EBITDA 90.7 70.9
Restructuring charges 2.9 2.2
Other re-engineering charges 0.9
Joint venture losses, net   0.9    
Adjusted EBITDA $ 95.4 $ 73.1  
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Editorial
Jobs
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Additive Manufacturing Forum 2025 at Estrel Convention Cente Berlin Germany - Mar 17 - 18, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise