Investor Relations

 


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