Balchem Corporation BCPC Income Statement

Balchem corporation (BCPC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net sales
643,705	643,679	594,790	553,204	552,492	541,383	337,173	310,393	291,867	255,071	219,438
Cost of sales
432,338	439,427	405,781	372,343	384,395	397,211	239,752	220,854	205,866	177,034	152,480
Gross margin
211,367	204,252	189,009	180,861	168,097	144,172	97,421	89,539	86,001	78,037	66,958
Operating expenses:
Selling expenses
60,932	57,219	54,720	55,172	46,255	35,758	15,920	15,934	16,284	15,608	14,350
Research and development expenses
11,377	11,592	9,305	7,325	5,990	4,810	3,622	3,422	2,890	3,190	3,298
General and administrative expenses
36,505	28,341	28,081	27,526	21,896	21,461	12,277	10,406	10,602	9,469	8,651
Total operating expenses
108,814	97,152	92,106	90,023	74,141	62,029	31,819	29,762	29,776	28,267	26,299
Earnings from operations
102,553	107,100	96,903	90,838	93,956	82,143	65,602	59,777	56,225	49,770	40,659
Other expenses:
Interest expense, net
-5,959	-7,611	-7,532	-7,256	-	-	-	-	-	-	-
Interest income
-	-	-	-	9	64	277	10	184	289	107
Interest expense
-	-	-	-	6,593	5,145	24	10	84	90	209
Other, net
-116	-459	-883	-648	-309	-10	-37	67	413	162	45
Total other expenses (income)
-6,075	-8,070	-8,415	-	-	-	-	-	-	-	-
Earnings before income tax expense
96,478	99,030	88,488	82,934	87,063	77,052	65,818	59,844	56,738	50,131	40,602
Income tax expense
16,807	20,457	-1,583	26,962	27,341	24,226	20,944	19,839	17,973	16,854	13,817
Net earnings
79,671	78,573	90,071	55,972	59,722	52,826	44,874	40,005	38,765	33,277	26,785
Net earnings per common share - basic (in dollars per share)
2.48	2.45	2.83	1.78	1.92	1.74	1.51	1.38	1.36	1.19	0.98
Net earnings per common share - diluted (in dollars per share)
2.45	2.42	2.79	1.75	1.89	1.69	1.45	1.32	1.28	1.12	0.93