DigitalGlobe, Inc. reported consolidated and standalone earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, on consolidated basis, the company reported revenue of $125.4 million compared to $97.7 million a year ago. Income from operations was $29.4 million compared to $15.2 million a year ago. Income before income taxes was $28.1 million compared to loss before income taxes of $40.6 million a year ago. Net income was $17.1 million or $0.36 per diluted share compared to net loss of $27.0 million or $0.15 per diluted share a year ago. EBITDA was $57.6 million compared to LBITDA of $7.0 million a year ago. Adjusted EBITDA was $67.7 million compared to $44.8 million a year ago. EPS was impacted by approximately $10.2 million of combination-related expense on a pre-tax basis or $0.13 per diluted share after tax. Free cash flow, defined as operating cash flow less investing cash flow, was $12.4 million. This represents a $96.7 million improvement compared with the fourth quarter 2011. Free cash flow is $48.5 million and represents $165.2 million improvement from 2011. CapEx in the quarter was approximately $53 million, excluding capitalized interest of roughly $7 million.

For the full year, on consolidated basis, the company reported revenue of $421.4 million compared to $339.5 million a year ago. The increase was driven by a 23% improvement in D&I revenue and a 28% increase in commercial revenue. Income from operations was $76.0 million compared to $27.3 million a year ago. Income before income taxes was $65.9 million compared to loss before income taxes of $46.0 million a year ago. Net income was $39.0 million or $0.84 per diluted share compared to net loss of $28.1 million or $0.61 per diluted share a year ago. EBITDA was $189.6 million compared to $92.8 million a year ago. Adjusted EBITDA was $210.5 million compared to $144.1 million a year ago. Net cash used flows used provided by operating activities was $264.5 million compared to $142.8 million a year ago. CapEx was approximately $197 million, excluding capitalized interest of approximately $24 million.

The company reported standalone results, adding revenue of approximately $180 million to standalone $421 million provides a $600 million pro forma 2012 to use in comparing results in 2013.

For the year 2013, the company expects revenue in a range of $635 million to $660 million. Total CapEx should be approximately $230 million, excluding capitalized interest. The company expects to achieve a full-year EBITDA margin of approximately 36%, not including the impact of approximately $90 million of combination-related expenses to integrate with GeoEye. The company also expects 2013 capital expenditures of approximately $230 million, including spending to complete, but not launch, the GeoEye-2 satellite in 2013, continued work on the WorldView-3 satellite, and maintenance.

On February 20, 2013, the company appointed Ms. Susan M. Fox as the company's Chief Accounting Officer, reporting to Mr. Yancey L. Spruill. Ms. Fox, 60, served as the company's interim Chief Accounting Officer since September 2012.