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PDL BioPharma's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2020 was $-13.89 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $-131.56 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PDL BioPharma's annualized ROC % for the quarter that ended in Jun. 2020 was -8.07%. PDL BioPharma's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -17.38%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. PDL BioPharma's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was -46.63%.
The historical data trend for PDL BioPharma's EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PDL BioPharma Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
EBIT | Get a 7-Day Free Trial | 557.20 | 127.64 | 204.75 | -43.77 | -62.34 |
PDL BioPharma Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
EBIT | Get a 7-Day Free Trial | -9.42 | -16.90 | -55.00 | -45.77 | -13.89 |
For the Biotechnology subindustry, PDL BioPharma's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, PDL BioPharma's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where PDL BioPharma's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-131.56 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PDL BioPharma (NAS:PDLI) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
PDL BioPharma's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:
ROC % (Q: Jun. 2020 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Mar. 2020 ) | + | Invested Capital (Q: Jun. 2020 )) | / count ) |
= | -40.736 * ( 1 - 7.69% ) | / | ( (523.74 | + | 408.038) | / 2 ) |
= | -37.6034016 | / | 465.889 | |||
= | -8.07 % |
where
Invested Capital | (Q: Mar. 2020 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 659.803 | - | 10.551 | - | ( 125.512 | - | max(0, 41.742 | - | 551.256 | + | 125.512 | )) |
= | 523.74 |
Invested Capital | (Q: Jun. 2020 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 520.656 | - | 7.172 | - | ( 105.446 | - | max(0, 36.235 | - | 495.548 | + | 105.446 | )) |
= | 408.038 |
Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.
2. Joel Greenblatt's definition of Return on Capital:
PDL BioPharma's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jun. 2020 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Mar. 2020 | Q: Jun. 2020 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | -55.544 | / | ( ( (3.264 + max(331.425, 0)) | + | (3.039 + max(301.269, 0)) ) | / | 2 ) |
= | -55.544 | / | ( ( 334.689 | + | 304.308 ) | / | 2 ) |
= | -55.544 | / | 319.4985 | ||||
= | -17.38 % |
where Working Capital is:
Working Capital | (Q: Mar. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (7.865 | + | 10.542 | + | 354.76) | - | (10.551 | + | 0.933 | + | 30.258) |
= | 331.425 |
Working Capital | (Q: Jun. 2020 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (6.154 | + | 12.633 | + | 318.717) | - | (7.172 | + | 0.864 | + | 28.199) |
= | 301.269 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
PDL BioPharma's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jun. 2020 ) |
= | -131.555 | / | 282.140 | |
= | -46.63 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of PDL BioPharma's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
David W Gryska | director | 749 N MARY AVE, SUNNYVALE CA 94085 |
John Peter Mclaughlin | director | C/O PDL BIOPHARMA, INC., 932 SOUTHWOOD BOULEVARD, INCLINE VILLAGE NV 89451 |
Dominique Monnet | officer: President and CEO | C/O ALEXION PHARMACEUTICALS, INC., 352 KNOTTER DRIVE, CHESHIRE CT 06410 |
Christopher Lewis Stone | officer: VP, Gen. Counsel & Secretary | 932 SOUTHWOOD BLVD. INCLINE VILLAGE NV 89451 |
Alan Lee Bazaar | director | 9 BEDFORD ROAD, KATONAH NY 10536 |
Natasha Hernday | director | 932 SOUTHWOOD BLVD, INCLINE VILLAGE NV 89451 |
Edward Imbrogno | officer: VP Finance, CAO and Acting CFO | 932 SOUTHWOOD BLVD. INCLINE VILLAGE NV 89451 |
Jill M. Jene | officer: VP, Business Development | 932 SOUTHWOOD BLVD., INCLINE VILLAGE NV 89451 |
Harold E Selick | director | |
Samuel R Saks | director | 3180 PORTER DRIVE, PALO ALTO CA 94304 |
Paul W Sandman | director | C/O PDL BIOPHARMA, INC., 932 SOUTHWOOD BLVD, INCLINE VILLAGE NV 89451 |
Shlomo Yanai | director | ONE MEADOWLANDS PLAZA, EAST RUTHERFORD NJ 07073 |
Peter S Garcia | officer: Vice President, CFO | ALX ONCOLOGY HOLDINGS INC., 866 MALCOLM ROAD, SUITE 100, BURLINGAME CA 94010 |
Jody S Lindell | director | 2536 FILLMORE ST., SAN FRANCISCO CA 94115 |
Paul R Edick | director | C/O NEWLINK GENETICS CORP., 2503 SOUTH LOOP DR., SUITE 5100, AMES IA 50010 |
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