MBWM - Mercantile Bank Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$57.00
DETAILS
HIGH:
$57.00
LOW:
$57.00
MEDIAN:
$57.00
CONSENSUS:
$57.00
UPSIDE:
9.20%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||
| Revenue | 371.8 | 361.9 | 303.5 | 213.9 | 198.7 | 193.5 | 185.3 | 161.0 | 144.5 | 139.5 | 128.4 | 99.1 | 65.1 | 67.9 | 78.4 | 97.4 | 112.5 | 128.4 | 150.1 | 142.5 | 107.8 | 73.3 | 59.0 | 50.7 | 46.5 | 38.0 | 23.7 | 8.7 |
| Cost of Revenue | 133.7 | 137.8 | 85.5 | 30.1 | 15.1 | 40.1 | 35.6 | 23.0 | 18.7 | 15.5 | 10.2 | 8.3 | 3.6 | 10.1 | 26.7 | 63.6 | 112.6 | 96.1 | 99.7 | 81.4 | 50.6 | 31.3 | 27.1 | 27.0 | 30.6 | 26.4 | 15.4 | 8.2 |
| Gross Profit | 238.1 | 224.1 | 218.0 | 183.8 | 183.5 | 153.4 | 149.7 | 138.0 | 125.8 | 124.0 | 118.2 | 90.8 | 61.5 | 57.8 | 51.6 | 33.8 | (0.1) | 32.3 | 50.4 | 61.1 | 57.2 | 42.1 | 31.9 | 23.7 | 15.9 | 11.6 | 8.3 | 0.5 |
| Operating Expenses | ||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 110.3 | 82.0 | 72.6 | 67.8 | 69.4 | 62.2 | 64.7 | 62.0 | 56.2 | 54.3 | 53.4 | 42.1 | 25.6 | 24.9 | 24.2 | 37.0 | 29.7 | 25.4 | 23.5 | 19.6 | 19.2 | 14.4 | 11.7 | 8.1 | 6.0 | 4.5 | 3.5 | 0 |
| Other Expenses | 25.6 | 43.8 | 42.7 | 40.2 | 40.4 | 36.3 | 24.5 | 24.1 | 23.5 | 22.8 | 26.0 | 23.5 | 10.8 | 14.7 | 17.3 | 10.1 | 16.8 | 16.7 | 14.9 | 12.7 | 11.9 | 8.8 | 6.4 | 4.7 | 3.5 | 3.0 | 2.4 | 1.6 |
| Operating Expenses | 136.0 | 125.8 | 115.3 | 108.0 | 109.8 | 98.5 | 89.3 | 86.2 | 79.7 | 77.1 | 79.4 | 65.6 | 36.4 | 39.6 | 41.5 | 47.2 | 46.5 | 42.1 | 38.4 | 32.3 | 31.1 | 23.2 | 18.1 | 12.8 | 9.5 | 7.5 | 5.9 | 1.6 |
| Operating Income | ||||||||||||||||||||||||||||
| Operating Income | 102.1 | 98.3 | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 | (13.4) | (46.6) | (9.8) | 12.0 | 28.8 | 26.0 | 18.9 | 13.8 | 10.9 | 6.5 | 4.1 | 2.4 | (1.1) |
| Interest Expense | 129.2 | 130.4 | 77.8 | 23.6 | 19.4 | 26.1 | 33.8 | 21.9 | 15.8 | 12.6 | 11.2 | 11.3 | 10.8 | 13.2 | 19.8 | 31.8 | 53.6 | 74.9 | 88.6 | 75.7 | 46.8 | 26.6 | 23.3 | 24.0 | 28.2 | 24.6 | 13.4 | 5.6 |
| Interest Income | 330.2 | 321.5 | 271.4 | 181.8 | 143.5 | 148.3 | 158.3 | 142.0 | 125.5 | 118.5 | 112.3 | 89.1 | 58.2 | 59.9 | 71.1 | 88.1 | 104.9 | 121.1 | 144.2 | 137.3 | 102.1 | 69.0 | 54.7 | 47.6 | 44.6 | 36.8 | 22.8 | 10.2 |
| Profitability | ||||||||||||||||||||||||||||
| EBITDA | 106.5 | 108.8 | 114.2 | 88.7 | 87.4 | 64.3 | 70.0 | 61.6 | 56.4 | 56.5 | 50.5 | 32.8 | 27.3 | 20.4 | 12.3 | (10.9) | (44.0) | (7.1) | 15.1 | 31.7 | 28.6 | 20.6 | 15.7 | 12.3 | 7.1 | 4.7 | 2.9 | (1.1) |
| EBIT | 102.1 | 98.3 | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 | (13.4) | (46.6) | (9.8) | 12.0 | 28.8 | 26.0 | 18.9 | 13.8 | 10.9 | 6.5 | 4.1 | 2.4 | (1.1) |
| Income Before Tax | 102.1 | 98.3 | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 | (13.4) | (46.6) | (9.8) | 12.0 | 28.8 | 26.0 | 18.9 | 13.8 | 10.9 | 6.5 | 4.1 | 2.4 | (1.1) |
| Income Tax Expense | 13.3 | 18.7 | 20.5 | 14.7 | 14.7 | 10.7 | 11.0 | 9.8 | 14.8 | 15.0 | 11.8 | 7.9 | 8.1 | 5.6 | (27.4) | (0.0) | 5.5 | (4.9) | 3.0 | 9.0 | 8.1 | 5.1 | 3.8 | 3.2 | 2.0 | 1.3 | 0.3 | 0 |
| Net Income | 88.8 | 79.6 | 82.2 | 61.1 | 59.0 | 44.1 | 49.5 | 42.0 | 31.3 | 31.9 | 27.0 | 17.3 | 17.0 | 12.5 | 37.5 | (13.3) | (52.1) | (5.0) | 9.0 | 19.8 | 17.9 | 13.7 | 10.0 | 7.8 | 4.5 | 2.8 | 2.1 | (1.1) |
| Per Share Data | ||||||||||||||||||||||||||||
| EPS (Basic) | 5.46 | 4.93 | 5.13 | 3.85 | 3.69 | 2.71 | 3.01 | 2.53 | 1.90 | 1.96 | 1.63 | 1.28 | 1.96 | 1.33 | 4.20 | -1.72 | -6.23 | -0.59 | 1.06 | 2.25 | 1.94 | 1.57 | 1.36 | 1.12 | 0.83 | 0.73 | 0.58 | -0.36 |
| EPS (Diluted) | 5.46 | 4.93 | 5.13 | 3.85 | 3.69 | 2.71 | 3.01 | 2.53 | 1.90 | 1.96 | 1.62 | 1.28 | 1.95 | 1.30 | 4.07 | -1.72 | -6.23 | -0.59 | 1.06 | 2.22 | 1.90 | 1.54 | 1.32 | 1.10 | 0.82 | 0.72 | 0.57 | -0.36 |
| Shares Outstanding | 16.3 | 16.1 | 16.0 | 15.9 | 16.0 | 16.3 | 16.4 | 16.6 | 16.5 | 16.3 | 16.6 | 13.5 | 8.7 | 8.6 | 8.6 | 8.5 | 8.5 | 8.5 | 8.5 | 8.8 | 9.2 | 8.7 | 7.4 | 6.9 | 5.4 | 3.8 | 3.7 | 3.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||
| Cash & Cash Equivalents | 473.3 | 393.0 | 130.5 | 96.8 | 975.2 | 626.0 | 233.7 | 75.4 | 200.1 | 183.6 | 18.9 | 16.8 | 20.7 | 16.3 | 23.4 | 14.5 | 11.7 | 13.7 | 6.5 |
| Short-Term Investments | 1,102.2 | 730.4 | 617.1 | 602.9 | 592.7 | 387.3 | 334.7 | 337.4 | 335.7 | 328.1 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.1 | 8.5 | 5.6 | 4.1 | 3.3 | 2.8 | 2.8 | 1.8 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 207.7 |
| Total Current Assets | 1,575.6 | 1,123.4 | 747.6 | 699.7 | 1,567.9 | 1,013.4 | 568.4 | 412.7 | 535.8 | 511.7 | 27.5 | 25.4 | 26.3 | 20.4 | 26.7 | 17.3 | 14.5 | 15.5 | 214.2 |
| Non-Current Assets | |||||||||||||||||||
| Property, Plant & Equipment | 62.5 | 53.4 | 50.9 | 51.5 | 57.3 | 59.0 | 57.3 | 48.3 | 46.0 | 45.5 | 29.7 | 32.3 | 24.6 | 15.3 | 12.2 | 9.6 | 4.1 | 3.5 | 1.9 |
| Goodwill | 72.7 | 49.5 | 49.5 | 49.5 | 49.5 | 49.5 | 49.5 | 49.5 | 49.5 | 49.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 20.4 | 0 | 11.3 | 0.6 | 1.4 | 2.4 | 3.8 | 5.6 | 7.6 | 10.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Long-Term Investments | 4,763.7 | 4,562.2 | 4,272.5 | 3,877.9 | 3,434.2 | 3,178.4 | 2,832.8 | 2,730.7 | 2,539.1 | 2,360.7 | 1,733.6 | 2,056.9 | 1,445.6 | 1,138.4 | 857.0 | 657.7 | 483.3 | 344.6 | 0 |
| Other Non-Current Assets | 340.5 | 263.7 | 221.4 | 193.4 | 147.5 | 134.7 | 121.1 | 117.1 | 108.7 | 105.4 | 115.4 | 93.4 | 39.6 | 29.3 | 26.0 | 14.1 | 10.9 | 4.4 | 0 |
| Total Non-Current Assets | 5,259.7 | 4,928.8 | 4,605.6 | 4,172.9 | 3,689.8 | 3,424.0 | 3,064.5 | 2,951.2 | 2,750.9 | 2,570.9 | 1,878.8 | 2,182.6 | 1,509.8 | 1,182.9 | 895.1 | 681.4 | 498.3 | 352.5 | 2 |
| Total Assets | 6,835.2 | 6,052.2 | 5,353.2 | 4,872.6 | 5,257.7 | 4,437.3 | 3,632.9 | 3,363.9 | 3,286.7 | 3,082.6 | 1,906.2 | 2,208.0 | 1,536.1 | 1,202.8 | 921.9 | 698.7 | 512.7 | 368 | 216.2 |
| Current Liabilities | |||||||||||||||||||
| Account Payables | 0 | 0 | 0 | 78.2 | 24.6 | 24.3 | 22.4 | 25.2 | 14.2 | 15.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 |
| Short-Term Debt | 232.3 | 121.5 | 229.7 | 194.3 | 197.5 | 118.4 | 102.7 | 103.5 | 118.7 | 131.7 | 2.6 | 94.4 | 191.3 | 145.5 | 65.3 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 5,284.5 | 4,698.4 | 3,900.9 | 3,712.8 | 4,083.2 | 3,411.6 | 2,690.4 | 2,463.7 | 2,522.4 | 2,375.0 | 1,401.6 | 1,599.6 | 1,159.2 | 902.9 | 754.1 | 569.1 | 425.7 | 294.8 | 189 |
| Total Current Liabilities | 5,516.7 | 4,819.9 | 4,130.7 | 3,985.4 | 4,305.3 | 3,554.2 | 2,815.5 | 2,592.5 | 2,655.3 | 2,521.9 | 1,411.5 | 1,711.1 | 1,350.5 | 1,048.4 | 819.4 | 569.1 | 425.7 | 294.8 | 189.5 |
| Non-Current Liabilities | |||||||||||||||||||
| Long-Term Debt | 593.6 | 526.7 | 606.5 | 445.8 | 495.9 | 441.6 | 400.9 | 396.2 | 265.5 | 219.8 | 254.9 | 322.5 | 34.6 | 17.6 | 0.6 | 16 | 16.1 | 16 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 121.0 | 93.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99.8 | (252.5) | 9.4 | 7.1 | 22.0 | 42.1 | 39.1 | 29.2 | 17.5 |
| Total Non-Current Liabilities | 593.6 | 647.7 | 700.4 | 445.8 | 495.9 | 441.6 | 400.9 | 396.2 | 265.5 | 219.8 | 354.6 | 322.5 | 44.0 | 24.7 | 22.6 | 58.1 | 55.2 | 45.2 | 0 |
| Total Liabilities | 6,110.3 | 5,467.6 | 4,831.1 | 4,431.2 | 4,801.2 | 3,995.8 | 3,216.4 | 2,988.7 | 2,920.8 | 2,741.8 | 1,766.1 | 2,033.6 | 1,394.5 | 1,072.6 | 842.0 | 627.2 | 480.9 | 340 | 189.5 |
| Stockholders' Equity | |||||||||||||||||||
| Common Stock | 349.4 | 299.7 | 295.1 | 290.4 | 285.8 | 302.0 | 305.0 | 308.0 | 309.8 | 305.5 | 0 | 0 | 131.0 | 118.6 | 75.5 | 69.4 | 29.9 | 28.2 | 28.2 |
| Retained Earnings | 399.4 | 334.6 | 277.5 | 216.3 | 174.5 | 134.0 | 107.8 | 75.5 | 61.0 | 40.9 | (54.2) | (1.3) | 10.5 | 11.4 | 3.2 | 1.6 | 1.6 | 0.6 | (1.5) |
| Accumulated Other Comprehensive Income | (24.0) | (49.8) | (50.5) | (65.3) | (3.7) | 5.5 | 3.7 | (8.2) | (4.9) | (5.6) | 0.9 | 3.3 | 0.1 | 0.2 | 1.1 | 0.4 | 0.3 | (0.8) | (0.2) |
| Total Stockholders' Equity | 724.9 | 584.5 | 522.1 | 441.4 | 456.6 | 441.6 | 416.6 | 375.2 | 365.9 | 340.8 | 140.1 | 174.4 | 141.6 | 130.2 | 79.8 | 71.5 | 31.9 | 28 | 26.7 |
| Total Liabilities & Equity | 6,835.2 | 6,052.2 | 5,353.2 | 4,872.6 | 5,257.7 | 4,437.3 | 3,632.9 | 3,363.9 | 3,286.7 | 3,082.6 | 1,906.2 | 2,208.0 | 1,536.1 | 1,202.8 | 921.9 | 698.7 | 512.7 | 368 | 216.2 |
| Debt Metrics | |||||||||||||||||||
| Total Debt | 825.9 | 648.2 | 836.3 | 640.2 | 693.4 | 559.9 | 503.6 | 499.7 | 384.3 | 351.5 | 257.5 | 416.9 | 225.9 | 163.2 | 65.9 | 16 | 16.1 | 16 | 17 |
| Net Debt | 352.6 | 255.2 | 705.7 | 543.4 | (281.8) | (66.1) | 269.8 | 424.4 | 184.2 | 167.9 | 238.6 | 400.2 | 205.3 | 146.8 | 42.5 | 1.5 | 4.4 | 2.3 | 10.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | 88.8 | 79.6 | 82.2 | 61.1 | 59.0 | 44.1 | 49.5 | 42.0 | 31.3 | 31.9 | 17.9 | 13.7 | 10.0 | 7.8 | 4.5 | 2.8 | 2.1 | (1.1) |
| Depreciation & Amortization | 5.8 | 10.5 | 11.5 | 12.9 | 13.7 | 9.4 | 9.6 | 9.8 | 10.4 | 9.6 | 2.6 | 1.7 | 1.9 | 1.4 | 0.7 | 0.6 | 0.5 | 0.3 |
| Stock-Based Compensation | 3.5 | 3.3 | 3.4 | 3.4 | 3.8 | 2.3 | 2.9 | 2.4 | 2.0 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (81.2) | 0.5 | (20.3) | 25.9 | (14.6) | (9.9) | (10.5) | 7.7 | (2.4) | (1.6) | 4.6 | (0.7) | (1.8) | (1.8) | (2.9) | 2.6 | (1.5) | (189.5) |
| Other Non-Cash Items | (0.9) | 7.6 | (8.2) | 17.9 | 0.7 | (3.9) | (6.7) | 0.2 | (3.4) | (6.0) | 2.1 | 3.6 | 3.5 | 2.7 | 2.2 | 2.1 | 2 | 190.8 |
| Operating Cash Flow | 18.0 | 101.1 | 66.6 | 119.9 | 64.6 | 37.9 | 44.8 | 61.7 | 38.7 | 34.6 | 26.1 | 18.3 | 13.6 | 10.0 | 4.4 | 8.0 | 3.1 | 0.4 |
| Investing Activities | ||||||||||||||||||
| Capital Expenditure | (6.8) | (8.5) | (6.7) | (3.0) | (5.6) | (9.0) | (13.5) | (6.3) | (5.4) | (2.0) | (7.7) | (10.5) | (4.3) | (3.5) | (6.0) | (1.1) | (1.9) | (1.1) |
| Acquisitions | 53.6 | 0 | 0 | 0 | (2.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (203.4) | (173.6) | (19.9) | (107.0) | (298.7) | (369.7) | (62.1) | (48.7) | (67.0) | (164.3) | (49.2) | (65.0) | (72.7) | (52.9) | (50.1) | (27.3) | (25.7) | 0 |
| Sales/Maturities of Investments | 67.3 | 61.8 | 24.1 | 18.0 | 80.4 | 321.2 | 79.5 | 40.3 | 60.1 | 172.4 | 18.3 | 33.4 | 46.6 | 35.7 | 32.2 | 10.2 | 6.5 | 0 |
| Other Investing Activities | (16.5) | (305.1) | (393.4) | (463.0) | (268.9) | (341.3) | (96.7) | (195.8) | (179.1) | (102.6) | (250.1) | (288.7) | (265.5) | (195.4) | (161.5) | (121.9) | (123.3) | (193.0) |
| Investing Cash Flow | (105.7) | (425.4) | (395.9) | (555.0) | (495.5) | (398.8) | (92.8) | (210.5) | (191.5) | (96.6) | (288.7) | (330.9) | (295.9) | (216.0) | (185.4) | (140.1) | (144.4) | (194.1) |
| Financing Activities | ||||||||||||||||||
| Net Debt Issuance | (30.9) | (80.8) | 159.6 | (51.1) | 53.6 | 40 | 4 | 130 | 45 | 107 | 21.2 | 62.8 | 80.7 | 29.2 | 4.5 | 0.0 | 16 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | (21.4) | (6.6) | (7.2) | (5.9) | 0 | (3.7) | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 14.3 |
| Dividends Paid | (24.0) | (22.5) | (21.0) | (19.6) | (18.5) | (17.9) | (17.1) | (27.5) | (12.0) | (18.7) | (3.2) | (2.6) | (1.8) | (0.0) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 222.0 | 689.3 | 223.5 | (373.4) | 765.5 | 736.9 | 226.0 | (73.7) | 134.8 | 77.6 | 260.4 | 256.5 | 148.8 | 185.0 | 143.3 | 136.5 | 132.4 | 193.0 |
| Financing Cash Flow | 168.0 | 586.8 | 363.1 | (443.3) | 780.1 | 753.2 | 206.4 | 24.0 | 169.3 | 155.7 | 278.5 | 316.8 | 270.7 | 214.2 | 182.9 | 136.5 | 148.4 | 193.0 |
| Cash Position | ||||||||||||||||||
| Net Change in Cash | 80.3 | 262.5 | 33.8 | (878.4) | 349.2 | 392.3 | 158.4 | (124.7) | 16.5 | 93.7 | 15.9 | 4.2 | (11.6) | 8.2 | 1.8 | 4.5 | 7.2 | (0.7) |
| Cash at Beginning | 393.0 | 130.5 | 96.8 | 975.2 | 626.0 | 233.7 | 75.4 | 200.1 | 183.6 | 89.9 | 20.8 | 16.6 | 28.1 | 19.9 | 18.1 | 13.7 | 6.5 | 0 |
| Cash at End | 473.3 | 393.0 | 130.5 | 96.8 | 975.2 | 626.0 | 233.7 | 75.4 | 200.1 | 183.6 | 36.8 | 20.8 | 16.6 | 28.1 | 19.9 | 18.1 | 13.7 | (0.7) |
| Free Cash Flow | 11.2 | 92.6 | 59.9 | 116.8 | 59.0 | 28.9 | 31.3 | 55.4 | 33.2 | 32.6 | 18.4 | 7.8 | 9.3 | 6.5 | (1.6) | 6.9 | 1.2 | (0.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||
| Revenue | 371.8 | 361.9 | 303.5 | 213.9 | 198.7 | 193.5 | 185.3 | 161.0 | 144.5 | 139.5 | 128.4 | 99.1 | 65.1 | 67.9 | 78.4 | 97.4 | 112.5 | 128.4 | 150.1 | 142.5 | 107.8 | 73.3 | 59.0 | 50.7 | 46.5 | 38.0 | 23.7 | 8.7 |
| Gross Profit | 238.1 | 224.1 | 218.0 | 183.8 | 183.5 | 153.4 | 149.7 | 138.0 | 125.8 | 124.0 | 118.2 | 90.8 | 61.5 | 57.8 | 51.6 | 33.8 | (0.1) | 32.3 | 50.4 | 61.1 | 57.2 | 42.1 | 31.9 | 23.7 | 15.9 | 11.6 | 8.3 | 0.5 |
| Operating Income | 102.1 | 98.3 | 102.7 | 75.8 | 73.7 | 54.8 | 60.5 | 51.8 | 46.1 | 46.9 | 38.8 | 25.2 | 25.1 | 18.2 | 10.1 | (13.4) | (46.6) | (9.8) | 12.0 | 28.8 | 26.0 | 18.9 | 13.8 | 10.9 | 6.5 | 4.1 | 2.4 | (1.1) |
| Net Income | 88.8 | 79.6 | 82.2 | 61.1 | 59.0 | 44.1 | 49.5 | 42.0 | 31.3 | 31.9 | 27.0 | 17.3 | 17.0 | 12.5 | 37.5 | (13.3) | (52.1) | (5.0) | 9.0 | 19.8 | 17.9 | 13.7 | 10.0 | 7.8 | 4.5 | 2.8 | 2.1 | (1.1) |
| EPS (Diluted) | 5.46 | 4.93 | 5.13 | 3.85 | 3.69 | 2.71 | 3.01 | 2.53 | 1.90 | 1.96 | 1.62 | 1.28 | 1.95 | 1.30 | 4.07 | -1.72 | -6.23 | -0.59 | 1.06 | 2.22 | 1.90 | 1.54 | 1.32 | 1.10 | 0.82 | 0.72 | 0.57 | -0.36 |
| Balance Sheet | ||||||||||||||||||||||||||||
| Cash & Equivalents | 473.3 | 393.0 | 130.5 | 96.8 | 975.2 | 626.0 | 233.7 | 75.4 | 200.1 | 183.6 | 18.9 | 16.8 | 20.7 | 16.3 | 23.4 | 14.5 | 11.7 | 13.7 | 6.5 | |||||||||
| Total Assets | 6,835.2 | 6,052.2 | 5,353.2 | 4,872.6 | 5,257.7 | 4,437.3 | 3,632.9 | 3,363.9 | 3,286.7 | 3,082.6 | 1,906.2 | 2,208.0 | 1,536.1 | 1,202.8 | 921.9 | 698.7 | 512.7 | 368 | 216.2 | |||||||||
| Total Debt | 825.9 | 648.2 | 836.3 | 640.2 | 693.4 | 559.9 | 503.6 | 499.7 | 384.3 | 351.5 | 257.5 | 416.9 | 225.9 | 163.2 | 65.9 | 16 | 16.1 | 16 | 17 | |||||||||
| Stockholders' Equity | 724.9 | 584.5 | 522.1 | 441.4 | 456.6 | 441.6 | 416.6 | 375.2 | 365.9 | 340.8 | 140.1 | 174.4 | 141.6 | 130.2 | 79.8 | 71.5 | 31.9 | 28 | 26.7 | |||||||||
| Cash Flow | ||||||||||||||||||||||||||||
| Operating Cash Flow | 18.0 | 101.1 | 66.6 | 119.9 | 64.6 | 37.9 | 44.8 | 61.7 | 38.7 | 34.6 | 26.1 | 18.3 | 13.6 | 10.0 | 4.4 | 8.0 | 3.1 | 0.4 | ||||||||||
| Capital Expenditure | (6.8) | (8.5) | (6.7) | (3.0) | (5.6) | (9.0) | (13.5) | (6.3) | (5.4) | (2.0) | (7.7) | (10.5) | (4.3) | (3.5) | (6.0) | (1.1) | (1.9) | (1.1) | ||||||||||
| Free Cash Flow | 11.2 | 92.6 | 59.9 | 116.8 | 59.0 | 28.9 | 31.3 | 55.4 | 33.2 | 32.6 | 18.4 | 7.8 | 9.3 | 6.5 | (1.6) | 6.9 | 1.2 | (0.7) | ||||||||||