Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Restated) Year Ending Dec 2013 (Restated)
Net Sales 671.01 483.70 414.81 367.33 299.38
Revenue 671.01 483.70 414.81 367.33 299.38
Total Revenue 671.01 483.70 414.81 367.33 299.38
Cost of Revenue 314.63 230.56 197.94 179.27 153.79
Cost of Revenue, Total 314.63 230.56 197.94 179.27 153.79
Gross Profit 356.38 253.15 216.87 188.06 145.59
Selling/General/Administrative Expense 88.19 74.03 61.63 53.09 51.20
Selling/General/Administrative Expenses, Total 88.19 74.03 61.63 53.09 51.20
Research & Development 58.00 44.45 39.55 36.92 35.38
Depreciation 5.07 3.65 4.46 5.46 6.14
Amortization of Intangibles, Operating 4.35 4.17 4.37 5.00 0.85
Depreciation/Amortization 9.42 7.81 8.83 10.46 6.99
Restructuring Charge -- -- 0.20 1.51 4.18
Impairment-Assets Held for Use
Impairment-Assets Held for Sale
Unusual Expense (Income) -- -- 0.20 1.51 4.18
Total Operating Expense 470.24 356.85 308.16 281.24 251.53
Operating Income 200.77 126.86 106.66 86.09 47.85
Interest Income, Non-Operating
Interest/Investment Income, Non-Operating
Interest Income (Expense), Net Non-Operating -0.48 0.40
Interest Income (Expense), Net-Non-Operating, Total -0.48 0.40
Gain (Loss) on Sale of Assets
Other Non-Operating Income (Expense) -2.58 1.22 -1.21 0.39 0.08
Other, Net -2.58 1.22 -1.21 0.39 0.08
Net Income Before Taxes 198.19 128.08 105.44 86.01 48.32
Income Tax – Total -10.78 11.13 21.96 16.51 -11.39
Income After Tax 208.97 116.95 83.48 69.50 59.71
Net Income Before Extraordinary Items 208.97 116.95 83.48 69.50 59.71
Discontinued Operations 1.76 10.51 -241.97 -22.51 -27.62
Extraordinary Item -72.87
Total Extraordinary Items -71.11 10.51 -241.97 -22.51 -27.62
Net Income 137.86 127.45 -158.49 46.98 32.09
Income Available to Common Excluding Extraordinary Items 208.97 116.95 83.48 69.50 59.71
Income Available to Common Stocks Including Extraordinary Items 137.86 127.45 -158.49 46.98 32.09
Basic Weighted Average Shares 39.75 39.72 40.75 40.42 39.60
Basic EPS Excluding Extraordinary Items 5.26 2.94 2.05 1.72 1.51
Basic EPS Including Extraordinary Items 3.47 3.21 -3.89 1.16 0.81
Dilution Adjustment -- -- -- -- --
Diluted Net Income 137.86 127.45 -158.49 46.98 32.09
Diluted Weighted Average Shares 40.18 40.03 40.75 41.03 40.67
Diluted EPS Excluding Extraordinary Items 5.20 2.92 2.05 1.69 1.47
Diluted EPS Including Extraordinary Items 3.43 3.18 -3.89 1.14 0.79
DPS - Common Stock Primary Issue
Gross Dividends - Common Stock -- -- -- -- --
Total Special Items -- -- 0.20 1.51 4.18
Normalized Income Before Taxes 198.19 128.08 105.64 87.51 52.50
Effect of Special Items on Income Taxes -- -- 0.04 0.29 1.46
Income Taxes Excluding Impact of Special Items -10.78 11.13 22.00 16.80 -9.93
Normalized Income After Taxes 208.97 116.95 83.64 70.71 62.43
Normalized Income Available to Common 208.97 116.95 83.64 70.71 62.43
Basic Normalized EPS 5.26 2.94 2.05 1.75 1.58
Diluted Normalized EPS 5.20 2.92 2.05 1.72 1.54
Amortization of Intangibles, Supplemental 4.35 4.17 4.37 5.00 0.85
Depreciation, Supplemental 5.07 3.65 4.46 5.46 6.14
Rental Expense, Supplemental 6.50 6.40 5.30 5.70 6.10
Stock-Based Compensation, Supplemental 12.55 6.33 2.81 3.71 9.85
Research & Development Expense, Supplemental 58.00 44.45 39.55 36.92 35.38
Audit-Related Fees, Supplemental 2.16 1.75 2.16 1.71 1.55
Audit-Related Fees -- -- -- -- --
Tax Fees, Supplemental --
All Other Fees Paid to Auditor, Supplemental -- -- -- 0.11 0.04
Gross Margin 53.11 52.34 52.28 51.20 48.63
Operating Margin 29.92 26.23 25.71 23.44 15.98
Pretax Margin 29.54 26.48 25.42 23.41 16.14
Effective Tax Rate -5.44 8.69 20.83 19.20 -23.57
Net Profit Margin 31.14 24.18 20.13 18.92 19.94
Normalized EBIT 200.77 126.86 106.85 87.60 52.03
Normalized EBITDA 210.19 134.67 115.69 98.06 59.01
Current Tax - Domestic 26.55 3.19 5.82 6.44 -8.63
Current Tax - Foreign 9.62 3.08 5.95 4.31 3.85
Current Tax - Local 0.60 0.35 0.34 0.48 -0.77
Current Tax - Total
Current Tax - Total 36.77 6.62 12.11 11.23 -5.55
Deferred Tax - Domestic -44.57 3.11 0.57 0.83 -4.35
Deferred Tax - Foreign -1.98 -0.17 8.41 3.86 -0.85
Deferred Tax - Local -1.00 1.56 0.87 0.59 -0.64
Deferred Tax - Total
Deferred Tax - Total -47.55 4.51 9.85 5.28 -5.84
Income Tax - Total -10.78 11.13 21.96 16.51 -11.39
Domestic Tax
Foreign Tax
Local Tax
Income Tax by Region - Total
Interest Cost - Domestic 0.81 0.99 1.06
Expected Return on Assets - Domestic -0.60 -0.53 -0.53
Actuarial Gains and Losses - Domestic 0.50 0.26 --
Domestic Pension Plan Expense 0.72 0.73 0.53
Defined Contribution Expense - Domestic 1.10 1.20 0.60
Total Pension Expense 1.82 1.93 1.13
Discount Rate - Domestic 2.60 2.75 3.60
Expected Rate of Return - Domestic 4.80 4.70 4.00
Total Plan Interest Cost 0.81 0.99 1.06
Total Plan Expected Return -0.60 -0.53 -0.53
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