COGNEX CORP CGNX Income Statement

Cognex corp (CGNX)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
Product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,569	-	83,464	79,698	74,672	73,295	72,437	78,449	71,407	76,702	74,165	77,566	68,877	72,495	69,288	67,067	54,613	37,429	36,628
Service
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,360	-	7,324	6,812	6,220	8,873	7,639	5,877	6,302	7,340	5,920	5,827	5,517	12,425	5,705	4,744	4,354	3,749	4,340
Revenue
167,235	169,769	183,325	199,047	173,484	193,286	232,221	211,264	169,567	182,922	266,042	178,080	139,039	138,084	147,952	147,274	96,205	97,768	107,587	143,829	101,373	88,888	154,356	92,276	90,929	49,461	90,788	86,510	80,892	82,168	80,076	84,326	77,709	84,042	80,085	83,393	74,394	84,920	74,993	71,811	58,967	41,178	40,968
Cost of revenue
Product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,286	-	18,132	17,910	16,464	16,378	15,863	17,635	15,556	17,474	15,705	16,454	15,099	17,135	15,537	15,914	12,911	9,589	11,918
Service
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,798	-	3,216	3,240	2,959	4,004	3,643	2,914	3,502	3,730	3,248	2,925	3,284	6,882	3,376	2,803	3,030	2,449	3,058
Cost of revenue
41,200	44,871	47,632	50,967	46,284	52,825	58,860	54,169	40,198	44,532	68,061	42,164	32,532	42,140	32,749	35,213	20,968	23,400	26,319	30,508	22,344	17,081	37,712	18,190	21,084	968	21,348	21,150	19,423	20,382	19,506	20,549	19,058	21,204	18,953	19,379	18,383	24,017	18,913	18,717	15,941	12,038	14,976
Gross margin
Product
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,283	-	65,332	61,788	58,208	56,917	56,574	60,814	55,851	59,228	58,460	61,112	53,778	55,360	53,751	51,153	41,702	27,840	24,710
Service
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,562	-	4,108	3,572	3,261	4,869	3,996	2,963	2,800	3,610	2,672	2,902	2,233	5,543	2,329	1,941	1,324	1,300	1,282
Gross margin
126,035	124,898	135,693	148,080	127,200	140,461	173,361	157,095	129,369	138,390	197,981	135,916	106,507	95,944	115,203	112,061	75,237	74,368	81,268	113,321	79,029	71,807	116,644	74,086	69,845	48,493	69,440	65,360	61,469	61,786	60,570	63,777	58,651	62,838	61,132	64,014	56,011	60,903	56,080	53,094	43,026	29,140	25,992
Research, development, and engineering expenses
35,946	32,991	28,115	28,079	30,242	28,781	29,700	26,888	31,076	26,980	26,078	23,377	22,770	19,440	18,603	19,671	20,555	17,526	16,977	18,302	16,986	13,273	17,532	12,524	12,502	8,923	12,184	11,887	11,321	10,886	10,002	10,300	10,361	10,350	10,608	10,506	9,482	8,940	7,961	8,076	8,103	6,756	7,704
Selling, general, and administrative expenses
69,138	74,300	64,486	68,245	66,811	66,433	65,817	66,752	63,697	60,635	61,054	52,518	46,521	42,985	42,072	42,715	38,338	37,694	35,806	43,241	39,933	34,488	43,773	35,538	34,900	24,165	33,877	33,300	32,167	30,387	28,765	30,127	30,549	30,932	28,135	29,466	29,161	29,018	25,857	25,738	23,622	21,281	22,404
Restructuring charges (Note 16)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-13	39	49	223	3,738
Operating income
20,951	17,607	43,092	51,756	30,147	45,247	77,844	63,455	34,596	50,775	110,849	60,021	37,216	33,519	54,528	49,675	16,344	19,148	28,485	51,778	22,110	24,046	55,339	26,024	22,443	15,405	23,379	20,173	17,981	20,513	21,803	23,350	17,741	21,556	22,389	24,042	17,368	22,945	22,275	19,241	11,252	880	-7,854
Foreign currency gain (loss)
-3,003	894	-1,295	140	-248	-356	-379	-195	-134	-1,027	-127	-184	-263	478	-607	330	-100	542	-40	-39	659	421	794	-74	-110	-343	-442	76	63	197	-409	-30	-638	-424	-231	210	-59	-257	102	-8	-165	1	-422
Investment income
5,229	4,447	5,114	5,223	4,905	3,979	3,937	3,559	3,240	2,917	2,475	2,138	2,012	2,408	2,047	1,447	1,137	1,026	841	957	850	792	776	801	787	501	937	774	392	874	823	1,801	972	683	917	697	605	472	384	308	257	419	572
Other income (expense)
-183	-27	456	-144	927	-121	-129	-246	277	6	-445	-169	270	68	374	222	207	1,033	-23	-55	-310	-137	202	-75	-273	-134	-166	-257	117	-140	-131	-99	3	-127	-156	-148	-205	-172	-129	-156	-246	-158	-125
Income before income tax expense
22,994	22,921	47,367	56,975	35,731	48,749	81,273	66,573	37,979	52,671	112,752	61,806	39,235	36,473	56,342	51,674	17,588	21,749	29,263	52,641	23,309	25,122	57,111	26,676	22,847	15,429	23,708	20,766	18,553	21,444	22,086	25,022	18,078	21,688	22,919	24,801	17,709	22,988	22,632	19,385	11,098	1,142	-7,829
Income tax expense
2,517	-57,406	5,682	8,226	2,627	3,331	837	10,377	762	80,418	10,259	5,311	-6,236	4,098	2,667	8,660	2,703	2,895	3,441	9,125	3,837	3,143	9,430	4,001	4,341	1,376	2,981	3,946	2,970	5,200	4,281	5,255	3,796	2,589	4,882	5,704	4,073	3,224	4,487	4,458	2,553	-3,359	-1,410
Net income
-	-	-	-	-	-	-	-	37,217	-	-	-	45,471	-	53,675	43,014	-	18,854	25,822	43,516	19,472	-	47,681	22,675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of discontinued business, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations (Note 20)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,719	3,273	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-255	-	-	78,290	198	1,030	-	2,719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
20,477	80,327	41,685	48,749	33,104	-	80,436	56,196	-	-	102,493	56,495	-	32,375	53,675	42,759	14,885	18,746	104,112	43,714	20,502	26,631	50,400	25,948	18,506	20,443	20,727	16,820	15,583	16,244	17,805	19,767	14,282	19,099	18,037	19,097	13,636	19,764	18,145	14,927	8,545	4,501	-6,419
Net Income per weighted-average common and common-equivalent share (1):
Net income from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.63	0.51	-	-0.40	0.30	0.50	0.22	-	0.55	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	-	-	0.91	0.00	0.02	-	0.03	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (in dollars per share)
-	-	-	-	-	-	-	-	0.21	-	-	-	0.26	-0.47	0.63	0.50	0.18	-0.87	1.21	0.50	0.24	0.31	0.58	0.30	0.21	0.24	0.24	0.19	0.18	-0.22	0.21	0.46	0.34	-0.39	0.43	0.46	0.33	0.48	0.46	0.38	0.22	0.11	-0.16
Net income per weighted-average common and common-equivalent share:
Basic (usd per share)
0.12	-	0.24	0.28	0.19	-	0.47	0.33	-	-	0.59	0.33	-	-	0.61	0.50	-	-0.39	0.29	0.49	0.22	-	0.53	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	-	-	0.90	0.00	0.01	-	0.04	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (usd per share)
0.12	0.45	0.24	0.28	0.19	0.26	0.45	0.32	0.21	-0.16	0.57	0.32	0.25	-0.44	0.61	0.49	0.17	-0.85	1.19	0.49	0.23	0.29	0.57	0.29	0.21	0.23	0.23	0.19	0.18	-0.20	0.20	0.45	0.33	-0.37	0.42	0.45	0.32	0.47	0.45	0.38	0.22	0.11	-0.16
Weighted-average common and common-equivalent shares outstanding:
Basic (shares)
172,408	171,616	170,744	171,318	171,098	171,493	172,189	172,370	173,280	173,990	173,234	173,278	172,646	427,194	85,460	85,107	84,943	430,102	86,303	87,199	86,764	86,808	86,963	86,782	86,879	86,879	87,339	87,044	86,522	171,419	85,824	42,851	42,570	209,566	42,128	41,842	41,336	40,617	39,729	39,683	39,667	39,662	39,656
Diluted (shares)
175,602	175,572	174,449	175,448	175,607	175,589	177,245	177,149	179,641	181,268	179,354	179,228	178,354	435,883	87,346	86,806	86,541	438,218	87,776	89,185	88,749	88,893	89,167	88,965	89,259	89,271	89,359	88,714	88,260	174,671	87,258	43,601	43,590	214,024	42,976	42,810	42,286	41,795	39,917	39,793	39,683	39,666	39,656
Cash dividends per common share (usd per share)
0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.03	-0.07	0.07	0.07	0.07	-0.03	0.07	0.07	0.00	-	0.00	0.00	-	-	-	-	-	0.50	0.05	0.11	0.10	-0.08	0.09	0.09	0.08	0.08	0.06	0.06	0.05	0.05	0.05