| |
|
EBITDA Reconciliation
2005 Fourth Quarter
(in 000's, except per share data) |
Three Months Ended
|
|
Twelve Months Ended
|
|
Dec 31, 2005
|
Dec 31, 2004
|
|
Dec 31, 2005 |
Dec 31, 2004
|
| |
Reported net loss |
$(21,078) |
$(43,384) |
|
$(133,428) |
$(152,181) |
| |
Interest expense |
1,235 |
7,774 |
|
18,359 |
34,500 |
Depreciation |
17,960 |
31,859 |
|
96,075 |
56,928 |
Amortization |
1,404 |
1,394 |
|
5,631 |
4,632 |
EBITDA |
$(479) |
$(2,357) |
|
$(13,363) |
$(56,121) |
| |
Write-down of inventory & other |
- |
- |
|
- |
193 |
Restructuring & other charges |
17 |
920 |
|
1,361 |
3,946 |
Equity-based expense charges |
1,632 |
960 |
|
4,489 |
8,634 |
Litigation settlement |
- |
- |
|
2,000 |
- |
Other income and expense, net |
(1,171) |
(2,911) |
|
(7,033) |
(10,385) |
Adjusted EBITDA |
$(1) |
$(3,388) |
|
$(12,546) |
$(53,733) |
| |
EBITDA per share |
$(0.01) |
$(0.04) |
|
$(0.18) |
$(1.05) |
Adjusted EBITDA per share |
$(0.00) |
$(0.05) |
|
$(0.17) |
$(1.01) |
| |
Weighted average shares outstanding |
73,875 |
63,959 |
|
72,894 |
53,217 |
2005 Third Quarter
(in 000's, except per share data) |
Three Months Ended
|
|
Nine Months Ended
|
|
Sept 30, 2004
|
Sept 30, 2005
|
|
Sept 30, 2004 |
Sept 30, 2005
|
| |
Reported net loss |
$(36,802) |
$(30,535) |
|
$(108,796) |
$(112,348) |
| |
Interest expense |
8,645 |
3,150 |
|
26,726 |
17,124 |
Depreciation |
10,009 |
23,403 |
|
25,069 |
78,115 |
Amortization |
1,158 |
1,404 |
|
3,238 |
4,227 |
EBITDA |
$(16,990) |
$(2,578) |
|
$(53,763) |
$(12,882) |
| |
Write-down of inventory & other |
- |
- |
|
193 |
- |
Restructuring & other charges |
2,638 |
630 |
|
2,834 |
1,344 |
Equity-based expense charges |
616 |
934 |
|
7,674 |
2,856 |
Other income and expense, net |
(1,756) |
(1,862) |
|
(7,475) |
(5,861) |
Adjusted EBITDA |
$(15,492) |
$(2,876) |
|
$(50,537) |
$(14,543) |
| |
EBITDA per share |
$(0.32) |
$(0.03) |
|
$(1.07) |
$(0.18) |
Adjusted EBITDA per share |
$(0.29) |
$(0.04) |
|
$(1.01) |
$(0.20) |
| |
Weighted average shares outstanding |
53,302 |
73,711 |
|
50,116 |
72,570 |
2005 Second Quarter
(in 000's, except per share data) |
Three Months Ended
|
|
Six Months Ended
|
|
June 30, 2005
|
June 30, 2004
|
|
June 30, 2005
|
June 30, 2004
|
| |
Reported net loss |
$(38,348) |
$(38,079) |
|
$(81,813) |
$(71,994) |
| |
Interest expense |
4,812 |
10,670 |
|
13,975 |
18,081 |
Depreciation |
28,241 |
5,974 |
|
54,712 |
15,060 |
Amortization |
1,404 |
1,040 |
|
2,823 |
2,080 |
EBITDA |
$(3,891) |
$(20,395) |
|
$(10,303) |
$(36,773) |
| |
Write-down of inventory & other |
- |
- |
|
- |
193 |
Restructuring & other charges |
1,027 |
194 |
|
713 |
388 |
Equity-based expense charges |
974 |
2,667 |
|
1,922 |
7,058 |
Other income and expense, net |
(2,048) |
(2,818) |
|
(3,999) |
(5,717) |
Adjusted EBITDA |
$(3,938) |
$(20,352) |
|
$(11,667) |
$(34,851) |
| |
EBITDA per share |
$(0.05) |
$(0.42) |
|
$(0.14) |
$(0.76) |
Adjusted EBITDA per share |
$(0.05) |
$(0.42) |
|
$(0.16) |
$(0.72) |
| |
Weighted average shares outstanding |
73,593 |
48,632 |
|
71,996 |
48,524 |
2005 First Quarter
(in 000's, except per share data) |
Three Months Ended |
|
March 31, 2005 |
March 31, 2004 |
| |
Reported net loss |
$(43,465) |
$(33,915) |
| |
Interest expense |
9,163 |
7,410 |
Depreciation |
26,471 |
9,086 |
Amortization |
1,418 |
1,040 |
EBITDA |
$(6,413) |
$(16,379) |
| |
Write-down of inventory & other |
- |
193 |
Restructuring & other charges |
(313) |
194 |
Equity-based expense charges |
950 |
4,391 |
Litigation Settlement |
2,000 |
- |
Other income and expense, net |
(1,952) |
(2,899) |
Adjusted EBITDA |
$(5,728) |
$(14,500) |
| |
EBITDA per share |
$(0.09) |
$(0.34) |
Adjusted EBITDA per share |
$(0.08) |
$(0.30) |
| |
Weighted average shares outstanding |
70,398 |
48,416 |
2004 Fourth Quarter
(in 000's, except per share data) |
Quarter ended |
|
December 31, 2004 |
December 31, 2003 |
| |
Reported net loss |
$(43,384) |
$(55,384) |
| |
Interest expense |
7,774 |
237 |
Depreciation |
31,859 |
9,988 |
Amortization |
1,394 |
1,040 |
EBITDA |
(2,357) |
(44,119) |
| |
2004 Third Quarter
(in 000's, except per share data) |
Quarter ended |
|
September 30, 2004 |
September 30, 2003 |
| |
Reported net loss |
$(36,802) |
$(112,263) |
| |
Interest expense |
8,645 |
58 |
Depreciation |
10,009 |
11,460 |
Amortization |
1,158 |
2,113 |
EBITDA |
(16,990) |
(98,632) |
| |
EBITDA per share |
(0.32) |
(2.24) |
| |
Weighted average
shares
outstanding |
53,302 |
43,985 |
2004 Second Quarter
(in 000's, except per share data) |
Quarter ended |
|
June 30,2004 |
June 30, 2003 |
| |
Reported net loss |
$(38,079) |
$(45,792) |
| |
Interest expense |
10,670 |
91 |
Depreciation |
5,974 |
6,490 |
Amortization |
1,040 |
1,976 |
EBITDA |
(20,395) |
(37,235) |
| |
EBITDA per share |
(0.04) |
(0.09) |
| |
Weighted average
shares
outstanding |
486,317 |
403,337 |
2004 First Quarter
(in 000's, except per share data) |
Quarter ended |
|
March 31, 2004 |
March 29, 2003 |
| |
Reported net loss |
$(33,915) |
$(47,030) |
| |
Interest expense |
7,410 |
127 |
Depreciation |
9,086 |
6,590 |
Amortization |
1,040 |
1,783 |
EBITDA |
(16,379) |
(38,530) |
| |
EBITDA per share |
(0.03) |
(0.10) |
| |
Weighted average
shares outstanding |
484,162 |
402,463 |
2003 Fourth Quarter
(in 000's, except per share data) |
Quarter Ended |
|
12 Months Ended |
|
December 31, 2003 |
December 28, 2002 |
|
December 31, 2003 |
December 28, 2002 |
Reported net loss |
$(55,383) |
$(190,215) |
|
$(260,471) |
$(507,760) |
| |
Interest expense |
237 |
187 |
|
504 |
1,116 |
Depreciation |
9,988 |
9,613 |
|
34,529 |
35,301 |
Amortization |
1,040 |
5,658 |
|
6,913 |
18,491 |
EBITDA |
$(44,118) |
$(174,757) |
|
$(218,525) |
$(452,852) |
| |
Write-down of inventory & other |
(1,826) |
38,461 |
|
31,164 |
68,785 |
Restructuring & other charges |
17,312 |
89,161 |
|
51,708 |
124,825 |
Equity-based expense |
4,684 |
10,715 |
|
20,597 |
65,399 |
Minority interest |
(92) |
- |
|
(387) |
- |
Purchased research and development |
- |
- |
|
- |
34,580 |
Other income, net |
(4,285) |
(1,773) |
|
(2,635) |
(5,306) |
Adjusted EBITDA |
$(28,325) |
$(38,193) |
|
$(118,078) |
$(164,569) |
| |
EBITDA per share |
$(0.09) |
$(0.43) |
|
$(0.51) |
$(1.16) |
Adjusted EBITDA per share |
$(0.06) |
$(0.09) |
|
$(0.27) |
$(0.42) |
| |
Weighted average shares outstanding |
477,183 |
408,517 |
|
430,596 |
392,012 |
|
|
|
|
|
|