Event-Driven Stocks

LEAP WIRELESS INTERNATIONAL INC

Communication Services · Radiotelephone Communications · DE · SEC filings ↗ · Compare ⊕

Signs● 3 good● 4 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY13FY12FY11FY10FY09FY08
Revenue$2.90B$3.14B$3.07B$2.70B$2.48B$2.03B
Operating income−$224.9M$157.8M−$25.4M−$450.7M$31.1M$46.7M
Net income−$640.8M−$189.3M−$314.6M−$872.0M−$239.5M−$150.2M
Total assets$4.66B$4.97B$5.15B$4.83B$5.38B—
Total liabilities$4.79B$4.47B$4.44B$3.82B$3.62B—
Equity−$193.7M$433.1M$613.3M$911.3M$1.69B$1.61B
EPS (diluted)$-8.20$-2.45$-4.11$-11.49$-3.30$-2.21
Shares out.79.1M79.2M78.7M78.4M77.5M68.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2013
Operating margin
−7.8%
Net margin
−22.1%
Return on equity
330.9%
Return on assets
−13.7%
Return on capital (ROCE)
−5.9%
Liabilities / assets
102.7%
Debt / equity
—
Book value / share
$-2.45
Revenue growth (YoY)
−7.8%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2013
Altman Z″ (distress)
-1.52distress
Accruals / assets
−16.5%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
36
/ 100
Profitability 20Growth 0Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 4 warning● 3 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Strong return on equity (>15%)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)