Income Statement

Income Statement

Financial Fundamentals

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Restated)
Net Sales 718.89 671.01 483.70 414.81 367.33
Revenue 718.89 671.01 483.70 414.81 367.33
Total Revenue 718.89 671.01 483.70 414.81 367.33
Cost of Revenue 353.29 314.63 230.56 197.94 179.27
Cost of Revenue, Total 353.29 314.63 230.56 197.94 179.27
Gross Profit 365.61 356.38 253.15 216.87 188.06
Selling/General/Administrative Expense 100.22 88.19 74.03 61.63 53.09
Selling/General/Administrative Expenses, Total 100.22 88.19 74.03 61.63 53.09
Research & Development 76.01 58.00 44.45 39.55 36.92
Depreciation 7.82 5.07 3.65 4.46 5.46
Amortization of Intangibles, Operating 5.77 4.35 4.17 4.37 5.00
Depreciation/Amortization 13.59 9.42 7.81 8.83 10.46
Restructuring Charge 4.24 0.00 0.00 0.20 1.51
Impairment-Assets Held for Use -- -- -- -- --
Impairment-Assets Held for Sale -- -- -- -- --
Unusual Expense (Income) 4.24 0.00 0.00 0.20 1.51
Total Operating Expense 547.34 470.24 356.85 308.16 281.24
Operating Income 171.55 200.77 126.86 106.66 86.09
Interest Income, Non-Operating -- -- -- -- --
Interest/Investment Income, Non-Operating -- -- -- -- --
Interest Income (Expense), Net Non-Operating -- -- -- -- -0.48
Interest Income (Expense), Net-Non-Operating, Total -- -- -- -- -0.48
Gain (Loss) on Sale of Assets -- -- -- -- --
Other Non-Operating Income (Expense) 0.82 -2.58 1.22 -1.21 0.39
Other, Net 0.82 -2.58 1.22 -1.21 0.39
Net Income Before Taxes 172.38 198.19 128.08 105.44 86.01
Income Tax – Total 19.52 -10.78 11.13 21.96 16.51
Income After Tax 152.85 208.97 116.95 83.48 69.50
Minority Interest -0.09 -- -- -- --
Net Income Before Extraordinary Items 152.77 208.97 116.95 83.48 69.50
Discontinued Operations -0.04 1.76 10.51 -241.97 -22.51
Extraordinary Item -5.70 -72.87 -- -- --
Total Extraordinary Items -5.74 -71.11 10.51 -241.97 -22.51
Net Income 147.03 137.86 127.45 -158.49 46.98
Income Available to Common Excluding Extraordinary Items 152.77 208.97 116.95 83.48 69.50
Income Available to Common Stocks Including Extraordinary Items 147.03 137.86 127.45 -158.49 46.98
Basic Weighted Average Shares 39.08 39.75 39.72 40.75 40.42
Basic EPS Excluding Extraordinary Items 3.91 5.26 2.94 2.05 1.72
Basic EPS Including Extraordinary Items 3.76 3.47 3.21 -3.89 1.16
Dilution Adjustment 0.00 0.00 0.00 0.00 0.00
Diluted Net Income 147.03 137.86 127.45 -158.49 46.98
Diluted Weighted Average Shares 39.35 40.18 40.03 40.75 41.03
Diluted EPS Excluding Extraordinary Items 3.88 5.20 2.92 2.05 1.69
Diluted EPS Including Extraordinary Items 3.74 3.43 3.18 -3.89 1.14
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Total Special Items 4.24 0.00 0.00 0.20 1.51
Normalized Income Before Taxes 176.62 198.19 128.08 105.64 87.51
Effect of Special Items on Income Taxes 0.48 0.00 0.00 0.04 0.29
Income Taxes Excluding Impact of Special Items 20.00 -10.78 11.13 22.00 16.80
Normalized Income After Taxes 156.61 208.97 116.95 83.64 70.71
Normalized Income Available to Common 156.52 208.97 116.95 83.64 70.71
Basic Normalized EPS 4.01 5.26 2.94 2.05 1.75
Diluted Normalized EPS 3.98 5.20 2.92 2.05 1.72
Amortization of Intangibles, Supplemental 5.77 4.35 4.17 4.37 5.00
Depreciation, Supplemental 7.82 5.07 3.65 4.46 5.46
Rental Expense, Supplemental 7.40 6.50 6.40 5.30 5.70
Stock-Based Compensation, Supplemental 9.70 12.55 6.33 2.81 3.71
Minority Interest, Supplemental -0.09 -- -- -- --
Research & Development Expense, Supplemental 76.01 58.00 44.45 39.55 36.92
Audit-Related Fees, Supplemental -- 2.16 1.75 2.16 1.71
Audit-Related Fees -- 0.00 0.00 0.00 0.00
Tax Fees, Supplemental -- 0.00 -- -- --
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.11
Gross Margin 50.86 53.11 52.34 52.28 51.20
Operating Margin 23.86 29.92 26.23 25.71 23.44
Pretax Margin 23.98 29.54 26.48 25.42 23.41
Effective Tax Rate 11.33 -5.44 8.69 20.83 19.20
Net Profit Margin 21.25 31.14 24.18 20.13 18.92
Normalized EBIT 175.79 200.77 126.86 106.85 87.60
Normalized EBITDA 189.38 210.19 134.67 115.69 98.06
Current Tax - Domestic 1.42 26.55 3.19 5.82 6.44
Current Tax - Foreign 13.77 9.62 3.08 5.95 4.31
Current Tax - Local 0.01 0.60 0.35 0.34 0.48
Current Tax - Total -- -- -- -- --
Current Tax - Total 15.21 36.77 6.62 12.11 11.23
Deferred Tax - Domestic -1.68 -44.57 3.11 0.57 0.83
Deferred Tax - Foreign 3.64 -1.98 -0.17 8.41 3.86
Deferred Tax - Local 2.36 -1.00 1.56 0.87 0.59
Deferred Tax - Total -- -- -- -- --
Deferred Tax - Total 4.32 -47.55 4.51 9.85 5.28
Income Tax - Total 19.52 -10.78 11.13 21.96 16.51
Domestic Tax -- -- -- -- --
Foreign Tax -- -- -- -- --
Local Tax -- -- -- -- --
Income Tax by Region - Total -- -- -- -- --
Interest Cost - Domestic 0.79 0.81 0.99 -- 1.06
Expected Return on Assets - Domestic -0.67 -0.60 -0.53 -- -0.53
Actuarial Gains and Losses - Domestic 0.48 0.50 0.26 -- 0.00
Domestic Pension Plan Expense 0.60 0.72 0.73 -- 0.53
Defined Contribution Expense - Domestic 1.40 1.10 1.20 -- 0.60
Total Pension Expense 2.00 1.82 1.93 -- 1.13
Discount Rate - Domestic 2.80 2.60 2.75 -- 3.60
Expected Rate of Return - Domestic 4.80 4.80 4.70 -- 4.00
Total Plan Interest Cost 0.79 0.81 0.99 -- 1.06
Total Plan Expected Return -0.67 -0.60 -0.53 -- -0.53
For a more complete picture of our financial results, please review our SEC Filings

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