This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TAL International Group, Inc. Reports First Quarter 2012 Results And Declares $0.58 Quarterly Dividend

We have provided reconciliations of net income, the most directly comparable U.S. GAAP measure, to EBITDA and Adjusted EBITDA in the tables below for the three months ended March 31, 2012 and 2011.

Additionally, we have provided reconciliations of income before income taxes and net income, the most directly comparable U.S. GAAP measures to Adjusted pre-tax income and Adjusted net income in the tables below for the three months ended March 31, 2012 and 2011.

TAL INTERNATIONAL GROUP, INC.

Non-GAAP Reconciliations of EBITDA and Adjusted EBITDA

(Dollars in Thousands)
 

Three Months Ended

March 31,
2012   2011
 
Net income $ 32,927 $ 32,587
Add (subtract):
Depreciation and amortization 45,205 32,253
Interest and debt expense 26,625 23,731
Income tax expense 18,043 17,858
Net (gain) loss on interest rate swaps   (2,972 )   (8,007 )
EBITDA 119,828 98,422
Add:
Principal payments on finance lease   8,526     8,144  
Adjusted EBITDA $ 128,354   $ 106,566  
 
 

TAL INTERNATIONAL GROUP, INC.

Non-GAAP Reconciliations of Adjusted Pre-tax Income and Adjusted Net Income

(Dollars in Thousands)
 

Three Months Ended

March 31,
2012 2011
 
Income before taxes $ 50,970 $ 50,445
Add (subtract):
Net (gain) loss on interest rate swaps   (2,972 )   (8,007 )
Adjusted pre-tax income $ 47,998   $ 42,438  
Adjusted pre-tax income per fully diluted share $ 1.43   $ 1.37  
Weighted average number of common shares outstanding—Diluted 33,578 30,968
 

Three Months Ended

March 31,
2012 2011
 
Net income $ 32,927 $ 32,587
Add (subtract):
Net (gain) loss on interest rate swaps, net of tax   (1,920 )   (5,174 )
Adjusted net income $ 31,007   $ 27,413  
Adjusted net income per fully diluted share $ 0.92   $ 0.89  
Weighted average number of common shares outstanding—Diluted 33,578 30,968

7 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs