UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 5, 2004
BRIGHTPOINT, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 0-23494 35-1778566
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
501 Airtech Parkway, Plainfield, Indiana 46168
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (317) 707-2355
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(Former name or former address, if changed since last report)
Item 12. Results of Operations and Financial Condition.
On February 5, 2004 Brightpoint, Inc. (the "Company") issued a press
release to report its financial results for the three-months and fiscal year
ended December 31, 2003. A copy of the press release is attached hereto as
Exhibit 99.1, which is incorporated herein by reference.
As noted in the press release, in addition to the Generally Accepted
Accounting Principles ("GAAP") results provided in the press release, the
Company has provided Earnings Before Interest, Taxes, Depreciation and
Amortization ("EBITDA"), a non-GAAP financial measure and a reconciliation of
this non-GAAP financial measure to the most comparable GAAP measure. As noted
more fully in the press release, the Company has provided EBITDA in the press
release because it provides management with an indicator of how much cash the
Company generates, excluding any changes in working capital. Since the Company
had experienced negative cash flow and high debt in prior periods, this has
become an important measurement for management. Management also reviews and
utilizes the entire statement of cash flows to evaluate cash flow performance.
The non-GAAP financial measure EBITDA does not replace the presentation of the
Company's GAAP financial results.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BRIGHTPOINT, INC.
(Registrant)
By: /s/ Steven E. Fivel
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Steven E. Fivel
Executive Vice President
and General Counsel
Date: February 5, 2004
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