Solution-What is the earnings before interest tax tax

What is the earnings before interest tax tax

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Reference no: EM131810210

Problem -

Annual Balance Sheet (Sharebuilder CELG)

Assets(Millions)	12/31/2008	12/31/2009	12/31/2010	12/31/2011
Cash & Equivalents	1,092	1,102	1,351	1,859
Receivables	312	439	706	946
Notes Receivable	0	0	0	0
Inventories	100	101	260	190
Other Current Assets	223	359	927	687
Total Current Assets	$2,841	$3,845	$4,343	$4,353
Net Property & Equipment	249	298	510	506
Investments & Advances	18	21	23	27
Other Non-Current Assets	0	0	0	0
Deferred Charges	0	0	0	0
Intangibles	1,024	928	5,145	4,732
Deposits & Other Assets	313	298	156	388
Total Assets	$4,445	$5,389	$10,177	$10,006
Liabilities(Millions)	12/31/2008	12/31/2009	12/31/2010	12/31/2011
Notes Payable	0	0	0	0
Accounts Payable	54	37	94	122
Current Portion Long-Term Debt	0	0	0	527
Current Portion Capital Leases	0	0	0	0
Accrued Expenses	306	316	592	702
Income Taxes Payable	51	47	11	30
Other Current Liabilities	116	96	372	160
Total Current Liabilities	$527	$495	$1,070	$1,540
Mortgages	0	0	0	0
Deferred Taxes/Income	3	7	896	788
Convertible Debt	0	0	0	0
Long-Term Debt	0	0	1,248	1,276
Non-Current Capital Leases	0	0	0	0
Other Non-Current Liabilities	424	493	968	890
Minority Interest (Liabilities)	0	0	0	0
Total Liabilities	$954	$995	$4,182	$4,493
Shareholder's Equity(Millions)	12/31/2008	12/31/2009	12/31/2010	12/31/2011
Preferred Stock	0	0	0	0
Common Stock (Par)	5	5	5	5
Capital Surplus	5,180	5,474	6,350	6,764
Retained Earnings	-1,409	-632	248	1,566
Other Liabilities	-128	-89	-62	-62
Treasury Stock	157	363	546	2,761
Total Shareholder's Equity	$3,491	$4,395	$5,995	$5,513
Total Liabilities & Shareholder's Equity	$4,445	$5,389	$10,177	$10,006
Total Common Equity	$3,491	$4,395	$5,995	$5,513
Shares Outstanding	458	460	471	444
Book Value Per Share	0	0	0	0

Annual Income Statement (Sharebuilder CELG)

Revenue & Gross Profits(Millions)	12/31/2008	12/31/2009	12/31/2010	12/31/2011
Net Sales Or Revenues	2,255	2,690	3,626	4,842
Cost Of Goods Sold	258	216	307	426
Gross Profit	$1,997	$2,474	$3,319	$4,416
Income & Expenses(Millions)	12/31/2008	12/31/2009	12/31/2010	12/31/2011
R&D Expense	2,671	795	1,128	1,600
Selling, General, & Admin Expense	686	754	998	1,084
Income Before Depreciation & Amortization	-1,360	925	1,193	1,732
Depreciation & Amortization	104	83	203	289
Non-Operating Income	100	136	36	20
Interest Expense	4	2	13	43
Pretax Income	-1,369	976	1,013	1,420
Income Taxes	165	199	132	102
Minority Interest	0	0	0	-1
Investment Gains/Losses	0	0	0	0
Other Income	0	0	0	0
Income Before Extraordinary Items/Disc Ops	($1,534)	$777	$880	$1,317
Extraordinary Items/Disc Ops	0	0	0	0
Net Income	($1,534)	$777	$881	$1,318
EPS Reconciliation(Millions)	12/31/2008	12/31/2009	12/31/2010	12/31/2011
Avg Shares Diluted EPS	443	467	470	463
Avg Shares Basic EPS	443	459	462	455
Diluted EPS	-3	2	2	3
Basic EPS	-3	2	2	3

What is the EBIT (Earnings Before Interest & Tax)?

Reference no: EM131810210

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What is the earnings before interest tax tax

Reference no: EM131810210

Reference no: EM131810210

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