Bruker (BRKR) annual income statement covering fiscal 2017 through 2022, as reported to the SEC.
Total revenue has grown 7.5% a year on average since fiscal 2017, from $1.77B to $2.53B.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total revenue | |||||||||||||||||||||
2,530,700 | 2,417,900 | 1,987,500 | 2,072,600 | 1,895,600 | 1,765,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total revenue | 2,530,700 | 2,417,900 | 1,987,500 | 2,072,600 | 1,895,600 | 1,765,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total cost of revenue | |||||||||||||||||||||
1,225,000 | 1,208,300 | 1,047,700 | 1,077,300 | 995,600 | 949,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total cost of revenue | 1,225,000 | 1,208,300 | 1,047,700 | 1,077,300 | 995,600 | 949,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gross profit | |||||||||||||||||||||
1,305,700 | 1,209,600 | 939,800 | 995,300 | 900,000 | 816,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gross profit | 1,305,700 | 1,209,600 | 939,800 | 995,300 | 900,000 | 816,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating expenses: | |||||||||||||||||||||
Selling, general and administrative | |||||||||||||||||||||
607,400 | 561,200 | 468,600 | 500,200 | 444,700 | 415,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Selling, general and administrative | 607,400 | 561,200 | 468,600 | 500,200 | 444,700 | 415,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Research and development | |||||||||||||||||||||
235,900 | 220,800 | 198,000 | 187,700 | 173,400 | 161,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Research and development | 235,900 | 220,800 | 198,000 | 187,700 | 173,400 | 161,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other charges (gain), net | |||||||||||||||||||||
29,700 | 14,300 | 24,900 | 6,500 | 19,500 | 19,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other charges (gain), net | 29,700 | 14,300 | 24,900 | 6,500 | 19,500 | 19,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Impairment of assets | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Impairment of assets | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Write-off of deferred offering costs | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Write-off of deferred offering costs | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total operating expenses | |||||||||||||||||||||
873,000 | 796,300 | 691,500 | 694,400 | 637,600 | 596,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total operating expenses | 873,000 | 796,300 | 691,500 | 694,400 | 637,600 | 596,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating income | |||||||||||||||||||||
432,700 | 413,300 | 248,300 | 300,900 | 262,400 | 219,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Operating income | 432,700 | 413,300 | 248,300 | 300,900 | 262,400 | 219,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest and other income (expense), net | |||||||||||||||||||||
-18,800 | -19,700 | -22,500 | -20,500 | -17,700 | -21,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest and other income (expense), net | -18,800 | -19,700 | -22,500 | -20,500 | -17,700 | -21,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income before income taxes, equity in income of unconsolidated investees, net of tax, and noncontrolling interests in consolidated subsidiaries | |||||||||||||||||||||
413,900 | 393,600 | 225,800 | 280,400 | 244,700 | 197,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income before income taxes, equity in income of unconsolidated investees, net of tax, and noncontrolling interests in consolidated subsidiaries | 413,900 | 393,600 | 225,800 | 280,400 | 244,700 | 197,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax provision | |||||||||||||||||||||
116,400 | 113,000 | 64,400 | 82,400 | 63,700 | 117,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax provision | 116,400 | 113,000 | 64,400 | 82,400 | 63,700 | 117,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity in income of unconsolidated investees, net of tax | |||||||||||||||||||||
1,000 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity in income of unconsolidated investees, net of tax | 1,000 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income attributable to noncontrolling interests in consolidated subsidiaries | |||||||||||||||||||||
1,900 | 3,500 | 3,600 | 800 | 1,300 | 1,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income attributable to noncontrolling interests in consolidated subsidiaries | 1,900 | 3,500 | 3,600 | 800 | 1,300 | 1,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income attributable to Bruker Corporation | |||||||||||||||||||||
296,600 | 277,100 | 157,800 | 197,200 | 179,700 | 78,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income attributable to Bruker Corporation | 296,600 | 277,100 | 157,800 | 197,200 | 179,700 | 78,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income per common share attributable to Bruker Corporation shareholders: | |||||||||||||||||||||
Basic | |||||||||||||||||||||
2.00 | 1.83 | 1.03 | 1.27 | 1.15 | 0.50 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic | 2.00 | 1.83 | 1.03 | 1.27 | 1.15 | 0.50 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted | |||||||||||||||||||||
1.99 | 1.81 | 1.02 | 1.26 | 1.14 | 0.49 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted | 1.99 | 1.81 | 1.02 | 1.26 | 1.14 | 0.49 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted average common shares outstanding: | |||||||||||||||||||||
Basic | |||||||||||||||||||||
0 | 0 | 0 | 0 | 156,200 | 158,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic | 0 | 0 | 0 | 0 | 156,200 | 158,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted | |||||||||||||||||||||
0 | 0 | 0 | 0 | 157,200 | 159,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted | 0 | 0 | 0 | 0 | 157,200 | 159,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Consolidated net income | |||||||||||||||||||||
298,500 | 280,600 | 161,400 | 198,000 | 181,000 | 80,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Consolidated net income | 298,500 | 280,600 | 161,400 | 198,000 | 181,000 | 80,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Foreign currency translation adjustments (net of tax of $1.4, $2.1 million and $1.2, respectively) | |||||||||||||||||||||
-67,400 | -77,800 | 97,400 | -4,300 | -25,500 | 97,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Foreign currency translation adjustments (net of tax of $1.4, $2.1 million and $1.2, respectively) | -67,400 | -77,800 | 97,400 | -4,300 | -25,500 | 97,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Derivatives designated as hedging instruments (net of tax of ($13.8) , $12.5 , respectively) | |||||||||||||||||||||
44,200 | 51,400 | -75,800 | -15,700 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Derivatives designated as hedging instruments (net of tax of ($13.8) , $12.5 , respectively) | 44,200 | 51,400 | -75,800 | -15,700 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in hedging instruments | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Changes in hedging instruments | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Pension liability adjustments (net of tax of ($11.8) , ($3.9) and ($1.7) , respectively) | |||||||||||||||||||||
-45,000 | -14,500 | -7,500 | 23,000 | -15,300 | -6,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Pension liability adjustments (net of tax of ($11.8) , ($3.9) and ($1.7) , respectively) | -45,000 | -14,500 | -7,500 | 23,000 | -15,300 | -6,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Comprehensive income | |||||||||||||||||||||
320,300 | 268,700 | 190,500 | 155,000 | 170,800 | 183,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Comprehensive income | 320,300 | 268,700 | 190,500 | 155,000 | 170,800 | 183,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less: Comprehensive income (loss) attributable to noncontrolling interests | |||||||||||||||||||||
1,600 | 1,000 | 4,000 | 1,800 | 1,300 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less: Comprehensive income (loss) attributable to noncontrolling interests | 1,600 | 1,000 | 4,000 | 1,800 | 1,300 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less: Comprehensive income (loss) attributable to noncontrolling interests | |||||||||||||||||||||
-900 | -100 | -500 | -1,500 | -200 | 2,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less: Comprehensive income (loss) attributable to noncontrolling interests | -900 | -100 | -500 | -1,500 | -200 | 2,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Comprehensive income attributable to Bruker Corporation | |||||||||||||||||||||
319,600 | 267,800 | 187,000 | 154,700 | 169,700 | 181,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Comprehensive income attributable to Bruker Corporation | 319,600 | 267,800 | 187,000 | 154,700 | 169,700 | 181,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividend declared per common share (in dollars per share) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividend declared per common share (in dollars per share) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Product | |||||||||||||||||||||
Total revenue | |||||||||||||||||||||
2,109,900 | 2,017,300 | 1,638,100 | 1,744,700 | 1,576,600 | 1,479,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total revenue | 2,109,900 | 2,017,300 | 1,638,100 | 1,744,700 | 1,576,600 | 1,479,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total cost of revenue | |||||||||||||||||||||
984,000 | 979,300 | 840,200 | 878,500 | 801,100 | 787,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total cost of revenue | 984,000 | 979,300 | 840,200 | 878,500 | 801,100 | 787,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Service | |||||||||||||||||||||
Total revenue | |||||||||||||||||||||
414,600 | 393,200 | 343,400 | 322,400 | 311,700 | 278,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total revenue | 414,600 | 393,200 | 343,400 | 322,400 | 311,700 | 278,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total cost of revenue | |||||||||||||||||||||
240,800 | 228,200 | 206,500 | 198,300 | 193,400 | 160,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total cost of revenue | 240,800 | 228,200 | 206,500 | 198,300 | 193,400 | 160,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
Total revenue | |||||||||||||||||||||
6,200 | 7,400 | 6,000 | 5,500 | 7,300 | 8,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total revenue | 6,200 | 7,400 | 6,000 | 5,500 | 7,300 | 8,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total cost of revenue | |||||||||||||||||||||
200 | 800 | 1,000 | 500 | 1,100 | 1,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total cost of revenue | 200 | 800 | 1,000 | 500 | 1,100 | 1,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||