Financial Information

Financial Statements

In Millions of U.S. Dollars (except for per share items)	Quarter Ending 30 Jun 09	Quarter Ending 31 Mar 09	Quarter Ending 31 Dec 08
Revenue	150.5	151.6	206.7
Other Revenue, Total	–	–	–
Total Revenue	150.5	151.6	206.7
Cost of Revenue	72.9	77.6	116.1
Gross Profit	77.6	74.0	90.6
Selling/General/Admin. Expenses, Total	54.6	55.9	66.9
Research & Development	30.7	31.1	33.3
Depreciation/Amortization	2.6	2.4	2.8
Interest Expense/Income, Net	–	–	–
Unusual Expense (Income)	5.0	5.0	88.6
Other Operating Expense, Total	–	–	–
Total Operating Expense	165.8	171.9	307.7
Operating Income	( 15.3)	( 20.3)	( 101.0)
Interest Income (Expense), Net Non-Op	–	–	–
Gain (Loss) on Sale of Assets	–	–	–
Other, Net	0.0	( 0.1)	( 0.0)
Income Before Tax	( 15.2)	( 20.2)	( 100.7)
Income Tax - Total	0.8	( 2.9)	( 0.4)
Income After Tax	( 15.9)	( 17.3)	( 100.3)
Minority Interest	–	–	–
Equity In Affiliates	–	–	–
Net Income Before Extra. Item	( 15.9)	( 17.3)	( 100.3)
Accounting Change	–	–	–
Discontinued Operations	–	–	–
Extraordinary Item	–	–	–
Net Income	( 15.9)	( 17.3)	( 100.3)
Preferred Dividends	–	–	–
Income Avail To Common Excl. Extra. Items	( 15.9)	( 17.3)	( 100.3)
Income Avail To Common Incl. Extra. Items	( 15.9)	( 17.3)	( 100.3)
Basic/Primary Weighted Average Shares	37.3	37.1	37.0
Basic/Primary EPS Excl. Extra. Items	( 0.4)	( 0.5)	( 2.7)
Basic/Primary EPS Incl. Extra. Items	( 0.4)	( 0.5)	( 2.7)
Dilution Adjustment	–	–	–
Diluted Weighted Average Shares	37.3	37.1	37.0
Diluted EPS Excl. Extra. Items	( 0.4)	( 0.5)	( 2.7)
Diluted EPS Incl. Extra. Items	( 0.4)	( 0.5)	( 2.7)
DPS-Common Stock	–	–	–
Gross Dividends Common	–	–	–
Interest Expense	0.2	0.1	0.2
Depreciation	5.0	4.9	5.2
Total Special Items	5.0	5.0	88.6
Normalized Pre-Tax Income	( 10.2)	( 15.1)	( 12.1)
Effect of Sp. Charge on Inc. Taxes	1.8	1.8	31.0
Income Taxes Ex. Impact of Special Items	2.5	( 1.1)	30.6
Normalized Income After Taxes	( 12.7)	( 14.0)	( 42.7)
Normalized Income Available to Common	( 12.7)	( 14.0)	( 42.7)
Basic Normalized EPS	( 0.3)	( 0.4)	( 1.2)
Diluted Normalized EPS	( 0.3)	( 0.4)	( 1.2)

Historical financial information is provided by Reuters. Avid Technology, Inc. makes no representations or warranties with respect to the information contained herein and takes no responsibility for supplementing, updating, or correcting any such information.