Global PVQ SE
XHAM:QCE
Income Statement
Earnings Waterfall
Global PVQ SE
Income Statement
Global PVQ SE
| Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||
| Interest Expense |
2
|
3
|
3
|
4
|
4
|
4
|
3
|
5
|
12
|
18
|
25
|
29
|
30
|
30
|
32
|
35
|
45
|
55
|
83
|
88
|
82
|
81
|
61
|
63
|
66
|
63
|
64
|
|
| Revenue |
203
N/A
|
246
+22%
|
306
+24%
|
369
+21%
|
435
+18%
|
497
+14%
|
550
+11%
|
599
+9%
|
658
+10%
|
745
+13%
|
873
+17%
|
981
+12%
|
1 107
+13%
|
1 240
+12%
|
1 290
+4%
|
1 253
-3%
|
1 074
-14%
|
939
-13%
|
864
-8%
|
875
+1%
|
1 085
+24%
|
1 274
+17%
|
1 430
+12%
|
1 329
-7%
|
1 467
+10%
|
1 290
-12%
|
1 134
-12%
|
|
| Gross Profit | ||||||||||||||||||||||||||||
| Cost of Revenue |
(129)
|
(152)
|
(185)
|
(220)
|
(258)
|
(295)
|
(328)
|
(361)
|
(395)
|
(454)
|
(530)
|
(595)
|
(677)
|
(784)
|
(840)
|
(834)
|
(772)
|
(699)
|
(740)
|
(752)
|
(849)
|
(960)
|
(987)
|
(884)
|
(1 089)
|
(1 011)
|
(985)
|
|
| Gross Profit |
74
N/A
|
95
+29%
|
121
+28%
|
149
+23%
|
178
+19%
|
202
+14%
|
223
+10%
|
239
+7%
|
263
+10%
|
291
+11%
|
343
+18%
|
387
+13%
|
430
+11%
|
456
+6%
|
450
-1%
|
419
-7%
|
302
-28%
|
240
-21%
|
124
-48%
|
123
-1%
|
237
+93%
|
314
+33%
|
443
+41%
|
445
+0%
|
378
-15%
|
279
-26%
|
149
-47%
|
|
| Operating Income | ||||||||||||||||||||||||||||
| Operating Expenses |
(38)
|
(47)
|
(58)
|
(70)
|
(82)
|
(88)
|
(93)
|
(100)
|
(109)
|
(122)
|
(145)
|
(167)
|
(194)
|
(217)
|
(239)
|
(252)
|
(261)
|
(357)
|
(420)
|
(516)
|
(537)
|
(475)
|
(351)
|
(364)
|
(507)
|
(487)
|
(467)
|
|
| Selling, General & Administrative |
(19)
|
(23)
|
(28)
|
(33)
|
(37)
|
(41)
|
(43)
|
(46)
|
(50)
|
(56)
|
(66)
|
(74)
|
(82)
|
(90)
|
(93)
|
(94)
|
(95)
|
(96)
|
(94)
|
(96)
|
(100)
|
(102)
|
(240)
|
(116)
|
(147)
|
(155)
|
(356)
|
|
| Depreciation & Amortization |
(8)
|
(10)
|
(11)
|
(13)
|
(16)
|
(17)
|
(18)
|
(19)
|
(19)
|
(22)
|
(25)
|
(29)
|
(34)
|
(39)
|
(46)
|
(51)
|
(58)
|
(117)
|
(154)
|
(167)
|
(161)
|
(116)
|
(93)
|
(91)
|
(133)
|
(129)
|
(97)
|
|
| Other Operating Expenses |
(11)
|
(15)
|
(18)
|
(24)
|
(29)
|
(31)
|
(32)
|
(35)
|
(39)
|
(44)
|
(53)
|
(64)
|
(78)
|
(89)
|
(101)
|
(106)
|
(109)
|
(145)
|
(172)
|
(253)
|
(276)
|
(258)
|
(19)
|
(157)
|
(228)
|
(203)
|
(13)
|
|
| Operating Income |
36
N/A
|
48
+33%
|
63
+33%
|
79
+25%
|
96
+21%
|
114
+19%
|
129
+14%
|
139
+8%
|
154
+11%
|
170
+10%
|
198
+17%
|
220
+11%
|
235
+7%
|
239
+2%
|
211
-12%
|
168
-21%
|
41
-75%
|
(118)
N/A
|
(296)
-151%
|
(393)
-33%
|
(300)
+24%
|
(161)
+46%
|
92
N/A
|
81
-12%
|
(130)
N/A
|
(209)
-61%
|
(318)
-52%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||
| Interest Income Expense |
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(2)
|
9
|
17
|
19
|
17
|
13
|
(7)
|
(20)
|
(27)
|
(30)
|
(47)
|
(58)
|
(73)
|
(93)
|
(91)
|
(78)
|
(52)
|
30
|
(34)
|
(56)
|
(72)
|
(67)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(67)
|
0
|
0
|
3
|
(9)
|
0
|
(135)
|
(140)
|
(400)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
3
|
14
|
16
|
0
|
20
|
(11)
|
1
|
0
|
(2)
|
13
|
1
|
0
|
(3)
|
(5)
|
3
|
0
|
27
|
26
|
22
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(7)
|
(11)
|
0
|
24
|
56
|
40
|
0
|
2
|
(29)
|
(9)
|
0
|
|
| Pre-Tax Income |
33
N/A
|
44
+35%
|
60
+37%
|
75
+25%
|
92
+22%
|
110
+19%
|
138
+26%
|
158
+15%
|
187
+18%
|
203
+8%
|
210
+4%
|
233
+11%
|
205
-12%
|
214
+4%
|
175
-18%
|
120
-32%
|
(10)
N/A
|
(201)
-1 850%
|
(455)
-127%
|
(464)
-2%
|
(326)
+30%
|
(167)
+49%
|
112
N/A
|
76
-32%
|
(323)
N/A
|
(407)
-26%
|
(784)
-93%
|
|
| Net Income | ||||||||||||||||||||||||||||
| Tax Provision |
(11)
|
(15)
|
(20)
|
(25)
|
(29)
|
(33)
|
(42)
|
(46)
|
(53)
|
(59)
|
(64)
|
(66)
|
(64)
|
(58)
|
(38)
|
(27)
|
(3)
|
25
|
84
|
74
|
62
|
30
|
(21)
|
(17)
|
(50)
|
(37)
|
(62)
|
|
| Income from Continuing Operations |
22
|
29
|
40
|
50
|
63
|
77
|
96
|
112
|
135
|
144
|
146
|
166
|
140
|
156
|
137
|
92
|
(13)
|
(176)
|
(371)
|
(389)
|
(264)
|
(137)
|
91
|
60
|
(373)
|
(444)
|
(846)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
2
|
3
|
3
|
4
|
4
|
3
|
3
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
22
N/A
|
29
+33%
|
40
+37%
|
50
+26%
|
63
+25%
|
77
+23%
|
97
+26%
|
114
+17%
|
137
+20%
|
146
+7%
|
110
-25%
|
131
+19%
|
115
-12%
|
154
+35%
|
139
-10%
|
(202)
N/A
|
(475)
-135%
|
(714)
-50%
|
(1 002)
-40%
|
(751)
+25%
|
(479)
+36%
|
(342)
+29%
|
16
N/A
|
17
+4%
|
(350)
N/A
|
(366)
-5%
|
(846)
-131%
|
|
| EPS (Diluted) |
0.28
N/A
|
0.38
+36%
|
0.48
+26%
|
0.5
+4%
|
0.66
+32%
|
0.78
+18%
|
1
+28%
|
1.13
+13%
|
1.35
+19%
|
1.43
+6%
|
1.1
-23%
|
1.28
+16%
|
1.1
-14%
|
1.5
+36%
|
1.37
-9%
|
-1.97
N/A
|
-4.53
-130%
|
-7.34
-62%
|
-10.15
-38%
|
-6.79
+33%
|
-4.2
+38%
|
-3.39
+19%
|
0.1
N/A
|
0.11
+10%
|
-2.34
N/A
|
-2.45
-5%
|
-5.55
-127%
|
|