COMTECH TELECOMMUNICATIONS CORP /DE/ CMTL Income Statement

Comtech telecommunications corp /de/ (CMTL)

Income statement / TTM

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	Apr'10	Jan'10	Oct'09
Net sales
678,741	681,220	671,797	662,860	640,266	609,864	570,589	550,916	530,854	536,151	550,368	554,983	551,378	482,673	411,004	336,090	283,536	295,015	307,289	319,204	336,476	340,173	347,150	342,183	323,134	312,212	319,797	348,161	378,098	402,662	425,070	452,622	483,910	547,580	612,379	729,006	814,228	822,549	778,205	0	0	0
Cost of sales
426,146	427,982	424,357	416,442	395,828	375,870	346,648	329,551	319,464	322,358	332,183	335,004	332,469	287,530	239,767	193,683	160,212	163,254	168,405	174,351	185,585	189,788	195,712	194,730	182,600	176,807	178,967	193,556	213,242	228,630	241,561	259,317	275,312	319,488	371,333	464,359	531,761	537,491	507,607	0	0	0
Gross profit
252,595	253,238	247,440	246,418	244,438	233,994	223,941	221,365	211,390	213,793	218,185	219,979	218,909	195,143	171,237	142,407	123,324	131,761	138,884	144,853	150,891	150,385	151,438	147,453	140,534	135,405	140,830	154,605	164,856	174,032	183,509	193,305	208,598	228,092	241,046	264,647	282,467	285,058	270,598	0	0	0
Expenses:
Selling, general and administrative
126,030	128,643	128,639	125,065	122,066	117,294	113,922	112,584	108,097	111,870	116,080	119,981	124,497	110,899	94,932	80,670	65,236	63,872	62,680	63,837	66,152	66,475	67,147	65,515	63,569	62,653	63,265	70,974	75,605	79,798	87,106	88,148	90,695	94,244	94,141	99,369	102,445	102,179	99,883	0	0	0
Research and development
57,815	58,058	56,407	54,570	53,877	53,329	53,869	53,852	54,035	53,914	54,260	54,345	53,997	48,346	42,190	35,865	31,834	33,837	35,916	36,711	37,028	35,628	34,108	34,005	34,186	35,198	36,748	38,287	38,688	38,854	38,489	40,579	41,426	42,449	43,516	43,600	44,655	45,619	46,192	0	0	0
Amortization of Intangible Assets
20,178	19,237	18,320	18,382	19,115	20,095	21,075	21,074	21,273	22,037	22,823	23,622	22,930	18,094	13,415	8,877	5,662	6,026	6,211	6,243	6,242	6,264	6,285	6,306	6,328	6,328	6,328	6,346	6,390	6,500	6,637	7,064	7,611	7,923	8,091	8,075	7,656	7,417	7,294	0	0	0
Settlement of intellectual property litigation
0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition plan expenses
11,377	7,130	5,871	4,612	2,908	1,130	0	0	0	0	-	-	-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger termination fee, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,500	12,500	12,500	12,500	0	0	0	0
Total operating expenses
215,400	209,864	206,033	199,425	194,762	191,848	188,866	187,510	181,364	175,801	181,143	190,244	212,721	198,615	171,813	142,372	102,732	103,735	104,807	106,791	109,422	108,367	107,540	105,826	104,083	104,179	106,341	115,607	120,683	125,152	132,232	135,791	139,732	144,616	133,248	151,793	155,505	155,964	166,618	0	0	0
Operating Income (Loss)
37,195	43,374	41,407	46,993	49,676	42,146	35,075	33,855	30,026	37,992	37,042	29,735	6,188	-3,472	-576	35	20,592	28,026	34,077	38,062	41,469	42,018	43,898	41,627	36,451	31,226	34,489	38,998	44,173	48,880	51,277	57,514	68,866	83,476	107,798	112,854	126,962	129,094	103,980	0	0	0
Other expenses:
Interest Expense
7,729	8,380	9,245	9,683	10,024	10,276	10,195	10,298	10,559	10,892	11,629	13,067	13,779	11,000	7,750	3,694	293	289	479	701	2,622	4,551	6,304	8,022	8,038	8,070	8,163	8,461	8,644	8,797	8,832	8,648	8,591	8,498	8,415	8,263	8,108	7,984	7,888	0	0	0
Write off of Deferred Debt Issuance Cost
0	0	3,217	3,217	3,217	3,217	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Interest (Income) Interest and Other Expense
-121	-178	-35	-450	-230	-227	-254	245	135	109	68	-71	-164	20	134	341	453	433	405	437	586	724	913	1,046	1,077	1,164	1,167	1,173	1,256	1,375	1,595	1,844	2,031	2,223	2,421	2,359	2,117	1,669	1,210	0	0	0
Income before provision for income taxes
29,517	35,102	28,910	34,035	36,157	28,372	24,626	23,448	19,468	27,127	25,481	16,563	-7,603	-14,448	-8,192	-3,308	20,752	28,170	34,003	37,798	39,433	38,191	38,507	34,651	29,490	24,320	27,493	31,710	36,785	41,458	44,040	50,710	62,306	77,201	101,804	106,950	120,971	122,779	97,302	0	0	0
Income Tax Expense (Benefit)
5,887	7,141	3,869	7,671	9,195	-6,525	-5,143	-6,177	-6,364	10,471	9,654	5,348	-46	-2,782	-454	1,657	6,402	8,711	10,758	12,040	12,760	13,120	13,356	12,332	10,194	8,642	9,685	11,130	12,991	14,208	11,624	14,334	17,741	22,361	33,909	37,474	43,954	45,525	36,672	0	0	0
Net Income (Loss) Attributable to Parent
23,630	27,961	25,041	26,364	26,962	34,897	29,769	29,625	25,832	16,656	15,827	11,215	-7,557	-11,666	-7,738	-4,965	14,350	19,459	23,245	25,758	26,673	25,071	25,151	22,319	19,296	15,678	17,808	20,580	23,794	27,250	32,416	36,376	44,565	54,840	67,895	69,476	77,017	77,254	60,630	0	0	0
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.14	0.26	0.26	0.31	0.33	0.14	0.32	0.34	0.66	-0.07	0.32	0.19	0.28	-0.11	0.19	-0.89	0.15	0.09	0.33	0.31	0.47	0.32	0.50	0.39	0.37	0.32	0.31	0.17	0.14	0.43	0.47	0.32	0.29	0.54	0.49	0.54	0.59	0.91	0.47	0.77	0.58	0.32
Diluted (in dollars per share)
0.14	0.26	0.26	0.31	0.32	0.14	0.31	0.34	0.66	-0.07	0.31	0.19	0.28	-0.11	0.19	-0.89	0.15	0.09	0.34	0.30	0.46	0.32	0.45	0.32	0.32	0.28	0.30	0.17	0.14	0.36	0.39	0.29	0.27	0.47	0.44	0.47	0.52	0.79	0.43	0.67	0.51	0.30
Weighted average number of common shares outstanding – basic (in shares)
24,659	24,555	24,271	24,192	24,034	23,999	23,853	23,834	23,816	23,797	23,470	23,449	23,428	23,385	19,336	16,195	16,186	16,171	16,152	16,202	16,241	16,217	16,148	15,200	15,970	16,454	16,442	16,731	17,300	17,379	17,783	18,853	20,087	23,257	25,463	26,577	27,209	28,119	28,317	28,291	28,250	28,222
Weighted average number of common and common equivalent shares outstanding – diluted (in shares)
25,058	24,737	24,335	24,330	24,168	24,375	24,358	24,052	23,953	23,797	23,623	23,503	23,445	23,385	19,294	16,195	16,205	16,194	16,272	16,382	16,505	16,513	16,675	21,764	22,487	22,698	34,584	16,827	17,401	23,444	23,851	24,910	26,056	29,147	31,360	32,378	32,983	33,771	34,073	34,086	34,080	34,057
Dividends declared per issued and outstanding common share as of the applicable dividend record date (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.10	0.10	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.25	0.25	0.25	0.25	0.00	0.00	0.00	0.00