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

Sirona Reports Record Fiscal 2012 Fourth Quarter And Full Year Results

 

GAAP Reconciliation to Old Non-GAAP

 

GAAP Reconciliation to New Non-GAAP

Three months ended September 30, 2011 Three months ended September 30, 2011
Pre Tax   Tax Impact*   After Tax   Per Diluted Share Pre Tax   Tax Impact*   After Tax   Per Diluted Share
$'000s, except per share amount $'000s, except per share amount

GAAP net income attributable

 

$

13,758

0.24    

$

13,758

$

0.24

Adjustments

 
Amortization and depreciation expense resulting from the step-up to fair values of intangible assets related to past business combinations $ 13,531 2,716 10,815 $ 13,531 2,716 10,815
(Gain)/loss on foreign currency transactions, net
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of the $-denominated exclusivity fee 4,216 925 3,291 4,216 925 3,291
 
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of short-term intra-group loans 5,664 1,241 4,423 5,664 1,241 4,423
(Gain)/loss on other foreign currency transactions - - - (7,016 ) (1,319 ) (5,697)
 
(Gain)/loss on derivative instruments - - - 2,140 402 1,738
Non-cash compensation charge paid by shareholders 6,625 - 6,625 6,625 - 6,625
       
Non-GAAP adjusted net income attributable to Sirona Dental Systems, Inc. shareholders

$

38,912

$

0.68

$

34,953

$

0.61

 
* tax impact calculated using an effective tax rate of 18.8%, excluding the $6.6 million non-cash compensation expense
 

GAAP Reconciliation to Old Non-GAAP

GAAP Reconciliation to New Non-GAAP

Three months ended June 30, 2011 Three months ended June 30, 2011
Pre Tax   Tax Impact*   After Tax Per Diluted Share Pre Tax   Tax Impact*   After Tax Per Diluted Share
$'000s, except per share amount $'000s, except per share amount

GAAP net income attributable

$

36,331

$

0.63

$

36,331

$

0.63

Adjustments

Amortization and depreciation expense resulting from the step-up to fair values of intangible assets related to past business combinations $ 13,693 3,012 10,681 $ 13,693 3,012 10,681
(Gain)/loss on foreign currency transactions, net
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of the $-denominated exclusivity fee (1,248 ) (275 ) (973) (1,248 ) (275 ) (973)
 
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of short-term intra-group loans (1,618 ) (356 ) (1,262) (1,618 ) (356 ) (1,262)
(Gain)/loss on other foreign currency transactions - - - (569 ) (131 ) (438)
 
(Gain)/loss on derivative instruments - - - 1,081 249 832
 
       
Non-GAAP adjusted net income attributable to Sirona Dental Systems, Inc. shareholders

$

44,776

$

0.78

$

45,170

$

0.78

 
* tax impact calculated using an estimated effective tax rate of 21.5%
 

GAAP Reconciliation to Old Non-GAAP

 

GAAP Reconciliation to New Non-GAAP

Three months ended March 31, 2011 Three months ended March 31, 2011
Pre Tax   Tax Impact*   After Tax   Per Diluted Share Pre Tax   Tax Impact*   After Tax   Per Diluted Share
$'000s, except per share amount $'000s, except per share amount

GAAP net income attributable

 

$

29,312

$

0.51

   

$

29,312

$

0.51

Adjustments

 
Amortization and depreciation expense resulting from the step-up to fair values of intangible assets related to past business combinations $ 13,192 2,902 10,290 $ 13,192 2,902 10,290
(Gain)/loss on foreign currency transactions, net
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of the $-denominated exclusivity fee (3,878) (853) (3,025) (3,878) (853) (3,025)
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of short-term intra-group loans (4,347) (956) (3,391) (4,347) (956) (3,391)
(Gain)/loss on other foreign currency transactions - - - 3,889 856 3,033
(Gain)/loss on derivative instruments - - - (1,554) (342) (1,212)
       
Non-GAAP adjusted net income attributable to Sirona Dental Systems, Inc. shareholders

$

33,186

$

0.58

$

35,008

$

0.61

 
* tax impact calculated using an estimated effective tax rate of 21.5%
 

GAAP Reconciliation to Old Non-GAAP

GAAP Reconciliation to New Non-GAAP

Three months ended December 31, 2010 Three months ended December 31, 2010
Pre Tax   Tax Impact*   After Tax Per Diluted Share Pre Tax   Tax Impact*   After Tax Per Diluted Share
$'000s, except per share amount $'000s, except per share amount

GAAP net income attributable

$

42,392

$

0.75

$

42,392

$

0.75

Adjustments

Amortization and depreciation expense resulting from the step-up to fair values of intangible assets related to past business combinations $ 13,146 2,892 10,254 $ 13,146 2,892 10,254
(Gain)/loss on foreign currency transactions, net
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of the $-denominated exclusivity fee 1,408 310 1,098 1,408 310 1,098
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of short-term intra-group loans 1,346 296 1,050 1,346 296 1,050
(Gain)/loss on other foreign currency transactions - - - (3,515) (773) (2,742)
(Gain)/loss on derivative instruments - - - 1,635 360 1,275
 
       
Non-GAAP adjusted net income attributable to Sirona Dental Systems, Inc. shareholders

$

54,794

$

0.96

$

53,328

$

0.94

 
* tax impact calculated using an estimated effective tax rate of 21.5%
 

GAAP Reconciliation to Old Non-GAAP

 

GAAP Reconciliation to New Non-GAAP

Year ended September 30, 2012 Year ended September 30, 2012
Pre Tax   Tax Impact*   After Tax   Per Diluted Share Pre Tax   Tax Impact*   After Tax   Per Diluted Share
$'000s, except per share amount $'000s, except per share amount

GAAP net income attributable

 

$

133,832

$

2.36

   

$

133,832

$

2.36

Adjustments

 
Amortization and depreciation expense resulting from the step-up to fair values of intangible assets related to past business combinations $ 46,622 11,189 35,433 $ 46,622 11,189 35,433
(Gain)/loss on foreign currency transactions, net
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of the $-denominated exclusivity fee 2,559 614 1,945 2,559 614 1,945
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of short-term intra-group loans 3,677 882 2,795 3,677 882 2,795
(Gain)/loss on other foreign currency transactions - - - (363) 30 (392)
(Gain)/loss on derivative instruments - - - (1,961) (528) (1,433)
       
Non-GAAP adjusted net income attributable to Sirona Dental Systems, Inc. shareholders

$

174,005

$

3.07

$

172,178

$

3.03

 
* tax impact calculated using an effective tax rate of 24%
 

GAAP Reconciliation to Old Non-GAAP

GAAP Reconciliation to New Non-GAAP

Year ended September 30, 2011 Year ended September 30, 2011
Pre Tax   Tax Impact*   After Tax Per Diluted Share Pre Tax   Tax Impact*   After Tax Per Diluted Share
$'000s, except per share amount $'000s, except per share amount
GAAP net income attributable to Sirona Dental Systems, Inc. Shareholders

$

121,793

$

2.13

$

121,793

$

2.13

Adjustments

Amortization and depreciation expense resulting from the step-up to fair values of intangible assets related to past business combinations $ 53,562 11,523 42,039 $ 53,562 11,523 42,039
(Gain)/loss on foreign currency transactions, net
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of the $-denominated exclusivity fee 499 107 392 499 107 392
Unrealized, non-cash (gain)/loss on revaluation of the carrying value of short-term intra-group loans 1,046 225 821 1,046 225 821
(Gain)/loss on other foreign currency transactions (7,211) (1,368) (5,843)
(Gain)/loss on derivative instruments 3,302 669 2,633
Non-cash compensation charge paid by shareholders 6,625 - 6,625 6,625 - 6,625
 
       
Non-GAAP adjusted net income attributable to Sirona Dental Systems, Inc. shareholders

$

171,670

$

3.00

$

168,460

$

2.94

 
* tax impact calculated using an effective tax rate of 21.5%, excluding the $6.6 million non-cash compensation expense




5 of 6

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs