AEROVIRONMENT, INC. AVAV Income Statement

Aerovironment, inc. (AVAV)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
Revenue:
Revenue
61,891	83,271	86,911	87,930	75,322	72,979	78,043	116,257	54,633	65,801	34,361	93,608	53,163	50,116	36,218	54,397	67,560	64,731	47,050	86,471	68,397	52,664	51,866	73,498	69,221	64,867	44,117	54,110	47,087	80,278	58,677	110,675	71,964	80,372	61,997	106,060	84,434	63,781	38,228
Cost of sales:
Cost of sales
38,395	48,105	45,639	50,907	44,930	44,580	45,454	64,460	36,383	35,658	25,663	40,186	33,812	32,699	29,535	23,004	40,935	33,198	31,027	41,121	41,404	34,793	37,812	43,360	42,169	40,989	31,572	36,388	27,414	44,642	39,172	61,120	44,531	49,742	40,282	56,849	50,305	42,006	26,192
Gross margin:
Total gross margin
23,496	35,166	41,272	37,023	30,392	28,399	32,589	51,797	18,250	30,143	8,698	53,422	19,351	17,417	6,683	31,393	26,625	31,533	16,023	45,350	26,993	17,871	14,054	30,138	27,052	23,878	12,545	17,722	19,673	35,636	19,505	49,555	27,433	30,630	21,715	49,211	34,129	21,775	12,036
Selling, general and administrative
13,223	16,255	13,668	20,277	14,464	13,646	11,956	15,287	11,484	12,768	11,287	7,804	12,788	13,387	13,663	7,161	13,313	14,733	15,256	15,622	13,268	13,470	13,403	16,968	13,168	13,084	12,459	14,290	10,433	13,176	13,621	16,474	12,866	12,240	13,700	12,797	10,578	12,685	11,371
Research and development
11,381	10,858	8,709	11,603	8,087	8,109	6,435	7,440	6,607	6,844	5,542	3,360	7,988	8,517	8,600	7,065	8,247	9,897	9,831	22,259	8,577	8,531	7,124	6,223	5,241	6,861	7,190	9,386	10,306	9,386	8,136	7,337	7,238	8,816	7,586	11,236	7,872	8,689	7,972
(Loss) income from continuing operations
-1,108	8,053	18,895	5,143	7,841	6,644	14,198	29,070	159	10,531	-8,131	42,258	-1,425	-4,487	-15,580	17,167	5,065	6,903	-9,064	7,469	5,148	-4,130	-6,473	6,947	8,643	3,933	-7,104	-5,954	-1,066	13,074	-2,252	25,744	7,329	9,574	429	25,178	15,679	401	-7,307
Other income:
Interest income, net
1,122	1,266	1,329	1,426	1,272	1,068	906	751	545	432	512	456	390	397	375	359	181	268	224	253	224	193	212	258	197	195	205	228	164	162	172	149	129	106	78	62	49	45	121
Other income, net
120	157	355	1,339	962	1,291	8,388	110	-108	-55	4	640	-38	-130	-300	207	-215	-192	-2,389	-727	-284	-583	591	2,648	4,675	-2,307	-3,394	-	49	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before income taxes
134	9,476	20,579	7,908	10,075	9,003	23,492	29,931	596	10,908	-7,615	43,354	-1,073	-4,220	-15,505	17,733	5,031	6,979	-11,229	6,995	5,088	-4,520	-5,670	9,853	13,515	1,821	-10,293	470	-853	13,236	-2,080	25,893	7,458	9,680	507	25,240	15,728	446	-7,186
(Benefit from) provision for income taxes
-38	1,108	2,133	-83	946	1,211	2,567	9,206	834	3,358	-3,221	7,567	1,102	-48	-3,863	5,804	-1,133	2,560	-4,248	-85	2,763	-1,619	-2,061	1,796	2,299	166	-3,083	1,265	-4,722	4,498	-694	8,099	1,714	3,093	181	7,604	4,274	184	-3,743
Equity method investment loss, net of tax
-1,200	-863	-1,347	-1,873	-717	-752	-602	-	-418	-	-	-	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from continuing operations
-1,028	7,505	17,099	6,118	8,412	7,040	20,323	19,860	-656	7,550	-4,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations:
Gain on sale of business, net of tax expense of $2,463
-	-	-	38	0	-391	8,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-453	-62	-599	-1,850	-	-129	-33	-1,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income from discontinued operations
-	-	-	-415	-62	-990	6,993	-858	-129	-33	-1,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-1,028	7,505	17,099	5,703	8,350	6,050	27,316	19,002	-785	7,517	-5,882	31,075	-2,183	-4,172	-11,642	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,443
Net loss attributable to noncontrolling interest
-20	4	-11	59	-19	-7	-14	-454	9	206	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to AeroVironment
-1,008	7,501	17,110	5,682	8,369	6,057	27,330	18,980	-776	7,723	-5,859	31,097	-2,183	-4,172	-11,642	5,364	6,164	4,419	-6,981	7,080	2,325	-2,901	-3,609	8,057	11,216	1,655	-7,210	-795	3,869	8,738	-1,386	17,794	5,744	6,587	326	-	11,454	262	-
Net (loss) income per share attributable to AeroVironment-Basic
Basic, continuing (in dollars per share)
-0.04	0.32	0.72	0.26	0.35	0.30	0.86	0.85	-0.02	0.33	-0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic, discontinuing (in dollars per share)
-	-	-	-0.02	-0.01	-0.04	0.30	-0.04	-0.01	0.00	-0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share attributable to AeroVironment-Basic (in dollars per share)
-0.04	0.32	0.72	0.23	0.35	0.26	1.16	0.81	-0.03	0.33	-0.25	1.35	-0.09	-0.18	-0.51	0.23	0.27	0.19	-0.30	0.32	0.10	-0.13	-0.16	0.36	0.50	0.07	-0.32	-0.04	0.17	0.40	-0.06	0.82	0.26	0.30	0.02	0.82	0.53	0.01	-0.16
Net (loss) income per share attributable to AeroVironment-Diluted
Diluted, continuing (in dollars per share)
-0.04	0.31	0.71	0.25	0.35	0.29	0.85	0.84	-0.02	0.32	-0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted, discontinued (in dollars per share)
-	-	-	-0.02	0.00	-0.04	0.29	-0.04	-0.01	0.00	-0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share attributable to AeroVironment-Diluted
-0.04	0.31	0.71	0.23	0.35	0.25	1.14	0.80	-0.03	0.32	-0.25	1.34	-0.09	-0.18	-0.51	0.23	0.27	0.19	-0.30	0.32	0.10	-0.13	-0.16	0.36	0.49	0.07	-0.32	-0.03	0.17	0.39	-0.06	0.79	0.26	0.30	0.01	0.80	0.52	0.01	-0.16
Weighted-average shares outstanding:
Basic (in shares)
23,821	23,804	23,745	23,723	23,687	23,667	23,574	23,555	23,515	23,477	23,336	23,147	23,082	23,049	22,956	22,921	22,890	22,985	22,947	22,901	22,890	22,878	22,804	22,584	22,321	22,273	22,238	22,176	22,142	22,030	21,929	21,848	21,797	21,763	21,724	21,659	21,594	21,565	21,545
Diluted (in shares)
23,821	24,061	24,069	24,095	24,081	24,098	24,010	24,570	23,515	23,832	23,336	24,142	23,082	23,049	22,956	23,434	23,083	23,148	22,947	23,792	23,109	22,878	22,804	23,057	22,883	22,697	22,238	22,840	22,408	22,383	21,929	22,450	22,317	22,255	22,238	22,655	22,096	22,027	21,545
Product sales
Revenue
36,432	57,386	65,839	59,696	50,024	47,056	55,313	88,683	39,447	48,420	18,780	77,091	36,746	29,350	15,737	32,596	53,305	49,492	26,639	63,034	56,308	42,874	42,811	59,244	57,041	51,537	27,174	35,212	23,496	52,415	28,690	65,735	36,645	47,858	29,299	47,014	45,996	32,494	12,220
Cost of sales
21,034	30,802	30,408	30,331	26,780	26,567	29,811	45,952	24,870	25,196	15,972	30,979	23,641	19,197	15,222	11,612	31,910	24,802	16,765	27,357	32,901	27,779	30,797	33,246	33,193	32,143	20,555	22,588	14,281	28,215	20,559	34,389	23,587	28,499	17,872	19,642	25,869	20,646	8,686
Total gross margin
15,398	26,584	35,431	29,365	23,244	20,489	25,502	42,731	14,577	23,224	2,808	46,112	13,105	10,153	515	20,984	21,395	24,690	9,874	35,677	23,407	15,095	12,014	25,998	23,848	19,394	6,619	-	-	-	-	-	-	-	-	-	-	-	-
Contract services
Revenue
25,459	25,885	21,072	28,234	25,298	25,923	22,730	27,574	15,186	17,381	15,581	16,517	16,417	20,766	20,481	21,801	14,255	15,239	20,411	23,437	12,089	9,790	9,055	14,254	12,180	13,330	16,943	18,898	23,591	27,863	29,987	44,940	35,319	32,514	32,698	59,046	38,438	31,287	26,008
Cost of sales
17,361	17,303	15,231	20,576	18,150	18,013	15,643	18,508	11,513	10,462	9,691	9,207	10,171	13,502	14,313	11,392	9,025	8,396	14,262	13,764	8,503	7,014	7,015	10,114	8,976	8,846	11,017	13,800	13,133	16,427	18,613	26,731	20,944	21,243	22,410	37,207	24,436	21,360	17,506
Total gross margin
8,098	8,582	5,841	7,658	7,148	7,910	7,087	9,066	3,673	6,919	5,890	7,310	6,246	7,264	6,168	10,409	5,230	6,843	6,149	9,673	3,586	2,776	2,040	4,140	3,204	4,484	5,926	-	-	-	-	-	-	-	-	-	-	-	-