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 »



Review Article Be the first to review this article
Harris

Trimble Catalyst

Featured Video
Jobs
Geospatial Analyst for Vencore at Suitland, MD
Intelligence and Image Analyst for Boeing at Las Cruces, NM
Geospatial Intelligence Analyst for Quick Services LLC at Fort Bragg, NC
Mgr Mechanical Engineering 2 for Northrop Grumman at Melbourne, FL
Sr. Mechanical Engineer for Kateeva at Newark, CA
Upcoming Events
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
GMP Compliance for Quality Control Laboratories 2016 at Andheri Kurla Road, Sahar Village, Andheri-Kurla Road, Mumbai, Maharashtra 40005 Mumbai, Maharashtra India - Jan 23 - 24, 2017
Geospatial World Forum 2017 Hyderabad at Hyderabad International Convention Center P.O Bag 1101, Cyberabad Post Office Hyderabad Telangana India - Jan 23 - 25, 2017
Teledyne Optech
University of Denver GIS Masters Degree Online
Teledyne:
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy