Arris international plc (ARRS)
Income statement / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Net sales

1,787,142

1,651,248

1,726,540

1,577,710

1,738,593

1,728,524

1,664,170

1,483,105

1,759,223

1,725,145

1,730,044

1,614,706

1,101,681

1,221,416

1,260,077

1,215,158

Cost of sales

1,307,910

1,186,059

1,227,785

1,102,027

1,244,123

1,297,369

1,260,813

1,145,848

1,323,222

1,282,295

1,285,310

1,230,674

743,008

862,083

895,716

878,602

Gross margin

479,232

465,189

498,755

475,683

494,470

431,155

403,357

337,257

436,001

442,850

444,734

384,032

358,673

359,333

364,361

336,556

Operating expenses:
Selling, general, and administrative expenses

169,789

162,707

173,353

161,204

142,403

114,407

113,921

104,638

115,598

112,883

105,746

119,963

107,867

101,685

107,209

100,324

Research and development expenses

150,932

156,109

167,200

169,797

141,441

131,593

133,098

132,962

132,401

138,781

152,580

161,147

133,235

132,204

136,260

132,469

Amortization of intangible assets

90,062

88,306

90,485

114,708

100,587

90,162

91,012

93,646

100,046

89,042

109,883

98,493

56,378

57,132

56,783

57,147

Impairment of goodwill

-

0

0

3,400

-

-

-

-

-

-

-

-

-

-

-

-

Integration, acquisition, restructuring and other costs, net

377

5,046

22,844

13,655

67,736

10,836

9,690

10,095

13,250

10,831

43,137

90,919

8,282

7,531

12,566

898

Total operating expenses

411,160

412,168

453,882

462,764

507,167

346,998

347,721

341,341

363,495

351,537

411,346

470,522

305,762

298,552

312,818

290,838

Operating income

68,072

53,021

44,873

12,919

-12,697

84,157

55,636

-4,084

72,506

91,313

33,388

-86,490

52,911

60,781

51,543

45,718

Other expense (income):
Interest expense

24,945

23,969

23,647

22,525

23,850

20,211

23,344

19,683

20,985

20,104

19,102

19,626

14,366

14,749

28,454

13,367

Loss on investments

-2,025

1,400

844

-527

-2,088

-839

-3,609

-4,530

-7,788

-5,058

-6,389

-1,959

345

-3,446

-1,410

-1,709

Loss (gain) on foreign currency

2,200

-2,025

824

-4,833

-4,187

8,543

-9,373

-4,740

22,151

-5,729

9,801

-12,241

-16,557

-10,843

6,659

-20

Interest income

3,253

1,764

1,792

1,532

1,977

2,288

1,788

1,922

1,623

804

1,185

783

587

513

558

721

Other (income) expense, net

-5,081

-35

169

-109

402

-1,434

-926

85

7,601

-6,723

-5,219

350

-3,192

2,827

-934

-7,063

Income before income taxes

41,474

30,156

24,855

-13,543

-40,443

72,504

20,172

-31,030

75,108

54,503

13,664

-119,183

19,728

35,083

27,962

24,280

Income tax (benefit) expense

-2,237

-15,652

-9,944

3,489

-32,309

-14,311

-8,302

10,001

-10,938

8,851

-68,795

86,013

-7,116

11,737

12,819

5,154

Consolidated net income

43,711

45,808

34,799

-17,032

-8,134

86,815

28,474

-41,031

86,046

45,652

82,459

-205,196

26,844

23,346

15,143

19,126

Net loss attributable to noncontrolling interest

-796

-1,271

-955

-3,432

-20,603

-1,505

-1,862

-1,933

-2,237

-2,510

-1,769

-2,623

-

-2,911

-1,615

-

Net income attributable to ARRIS International plc.

44,507

47,079

35,754

-13,600

12,469

88,320

30,336

-39,098

88,283

48,162

84,228

-202,573

30,040

26,257

16,758

19,126

Net income per ordinary share (1):
Basic (in dollars per share)

0.25

0.26

0.19

-0.07

0.07

0.47

0.16

-0.21

0.46

0.25

0.44

-1.06

0.21

0.18

0.11

0.13

Diluted (in dollars per share)

0.24

0.26

0.19

-0.07

0.07

0.47

0.16

-0.21

0.46

0.25

0.44

-1.06

0.20

0.18

0.11

0.13

Weighted average ordinary shares:
Basic (in shares)

351,388

178

184,216

184,805

371,745

187

186,803

189,796

190,137

190,515

190,409

191,743

147,128

146,781

146,293

145,350

Diluted (in shares)

357,510

179

185,669

184,805

379,477

188

189,002

189,796

194,239

191,508

191,250

191,743

149,861

149,313

149,276

148,986