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This excerpt taken from the GMCR 10-Q filed Aug 9, 2007. Operating Income Company operating income was $20.2 million in the 2007 YTD period, as compared to $13.7 million in the previously reported 2006 YTD period, and $13.3 million in the as-adjusted YTD prior period, and, as a percentage of net sales, 8.1%, 8.6% and 8.6%, respectively. Excluding the non-cash amortization expenses related to the identifiable intangibles of approximately $3.6 million and the $2.9 million total stock compensation charge, the Company’s operating margin was 10.8% in the 2007 YTD period, as compared to 9.6% in the as-adjusted YTD prior period. This excerpt taken from the GMCR 10-Q filed May 10, 2007. Operating income Company operating income was $12.9 million in the 2007 YTD period, as compared to $9.1 million in the previously reported 2006 YTD period, and $8.3 million in the as-adjusted YTD prior period, and, as a percentage of net sales, 7.7%, 8.2% and 8.0%, respectively. Excluding the non-cash amortization expenses related to the identifiable intangibles of approximately $2.4 million and the $1.7 million total stock compensation charge, the Company’s operating margin was 10.2% in the 2007 YTD period, as compared to 8.7% in the as-adjusted YTD prior period.
GMCR’s operating income for the 2007 YTD period was $9.6 million as compared to $9.1 million in the 2006 YTD period. Operating income for the 2007 YTD period increased 16.5% over the as-adjusted YTD prior period operating income of $8.3 million. GMCR operating margin was 8.0% for the 2007 YTD period as compared to 8.0% in the as-adjusted YTD prior period. Excluding the $1.2 million stock compensation charge in the 2007 YTD period and the comparable $730,000 stock compensation charge in the as-adjusted YTD prior period, the GMCR stand-alone operating margin was 9.0% as compared to 8.7% in the as-adjusted YTD prior period. Keurig’s operating income for the 2007 YTD period was $5.8 million prior to intercompany eliminations, including non-cash stock-based compensation charges of $552,000. This excerpt taken from the GMCR 10-Q filed Feb 8, 2007. Operating income Company operating income was $5.8 million in the first quarter of fiscal 2007, as compared to $5.2 million in the previously reported sixteen-week first quarter of fiscal 2006, and $5.0 million when excluding the extra three weeks in the fiscal first quarter of 2006, and, as a percentage of net sales, 7.0%, 8.1% and 9.4%, respectively. Excluding the non-cash amortization expenses related to the identifiable intangibles and non-cash inventory step-up adjustments of approximately $1.3 million and excluding the $744,000 total stock compensation charge, the Company’s operating margin was 9.5% in the first quarter of fiscal 2007, as compared to 10.0% in the comparable period when excluding the extra three weeks in the fiscal first quarter of 2006. GMCR’s operating income for the first quarter of fiscal 2007 was $5.7 million as compared to $5.2 million reported in the prior sixteen-week period. Excluding the extra three weeks in the fiscal first quarter of 2006, operating income for the first quarter of fiscal 2007 increased 14.3% over the as adjusted operating income of $5.0 million during the prior period. GMCR operating margin was 9.3% for the first quarter of 2007 as compared to 9.4% in the comparable last year period. Excluding the $470,000 stock compensation charge in the first quarter of 2007 and the comparable $339,000 stock compensation charge in the comparable first quarter of 2006, the GMCR stand-alone operating margin was 10.1% as compared to 10.0% in the as adjusted prior year period. Keurig’s operating income for the thirteen weeks ended December 30, 2006 was $1.6 million (prior to inter-company eliminations), including non-cash stock-based compensation charges of $274,000 and $130,000 of amortization of step-up in fair value of inventory. This excerpt taken from the GMCR 10-K filed Dec 14, 2006. Operating income Company operating income was $18.1 million in fiscal 2006, $15.9 million in fiscal 2005 and $14.9 million in fiscal 2004, and, as a percentage of net sales, 8.0%, 9.8% and 10.8%, respectively. Excluding the $1.8 million total stock compensation charge and the non-cash amortization expenses related to the identifiable intangibles and non-cash inventory step-up
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Table of Contentsadjustments of approximately $1.8 million, the Company’s operating margin was 9.6% in fiscal 2006, as compared to 9.8% in fiscal 2005 and 10.8% in fiscal 2004. GMCR contributed $18.6 million in operating income in fiscal 2006, up from $15.9 million in fiscal 2005 and $14.9 million in fiscal 2004. Keurig’s operating income for the 15 weeks ended September 30, 2006 was $1.1 million (prior to inter-company eliminations), including non-cash charges of $114,000 of stock compensation and $362,000 of amortization of step-up in fair value of inventory. | EXCERPTS ON THIS PAGE:
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