Coherent, inc. (COHR)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Net sales

320,771

335,464

339,170

372,860

383,146

461,548

482,342

481,118

477,565

490,298

464,107

422,833

346,073

248,461

218,767

199,882

190,275

209,622

188,502

203,721

200,615

205,344

196,517

199,222

193,556

213,141

213,725

200,058

183,202

188,654

196,383

193,284

190,767

207,961

210,882

200,880

183,111

166,697

Cost of sales

211,518

227,069

241,167

242,143

233,796

271,646

274,006

265,688

260,542

268,244

256,921

243,318

204,559

134,125

124,208

111,283

106,377

118,628

109,720

120,417

118,296

124,426

122,256

118,557

116,010

128,100

130,461

123,727

105,567

110,921

116,138

115,636

110,408

118,464

120,720

112,111

100,717

92,350

Gross profit

109,253

108,395

98,003

130,717

149,350

189,902

208,336

215,430

217,023

222,054

207,186

179,515

141,514

114,336

94,559

88,599

83,898

90,994

78,782

83,304

82,319

80,918

74,261

80,665

77,546

85,041

83,264

76,331

77,635

77,733

80,245

77,648

80,359

89,497

90,162

88,769

82,394

74,347

Operating expenses:
Research and development

28,680

27,258

30,692

30,461

28,942

32,108

34,303

34,783

31,392

31,063

30,483

30,536

27,084

20,265

21,441

20,955

19,140

19,988

21,270

21,024

19,173

18,674

19,046

20,413

20,937

21,556

21,782

20,146

19,301

19,852

19,306

20,323

18,779

19,718

21,738

21,246

18,530

18,264

Selling, general and administrative

68,551

70,551

67,686

69,463

64,557

72,758

70,291

77,146

73,437

73,482

72,383

72,451

73,768

45,168

46,256

40,940

36,774

36,052

36,154

39,482

38,141

37,617

37,226

39,296

39,891

36,437

38,748

37,346

36,982

35,617

32,894

35,377

34,631

36,459

37,983

38,979

36,078

31,584

Gain from business combination

-

-

-

-

-

-

-

-

-

-

0

0

5,416

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment and other charges

-

-

0

0

-

0

611

-110

265

2,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

1,432

2,012

6,782

1,926

3,040

2,527

2,607

2,950

2,606

2,964

3,743

5,439

3,878

864

574

700

701

658

647

666

696

733

841

916

934

988

1,290

1,942

854

5,406

1,723

1,611

1,636

1,879

1,851

2,257

2,095

2,041

Impairment of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,017

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

98,663

99,821

105,160

101,850

96,539

107,393

107,812

114,769

107,700

110,425

106,609

108,426

99,314

66,297

68,271

62,595

56,615

55,382

60,088

61,172

58,010

57,024

57,113

60,625

61,762

58,981

61,820

59,434

57,137

60,875

53,923

57,311

55,046

58,056

61,572

62,482

56,703

51,889

Income from operations

10,590

-

-7,157

28,867

52,811

-

100,524

100,661

109,323

-

100,577

71,089

42,200

-

26,288

26,004

27,283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense):
Interest income

267

216

257

418

228

216

444

440

471

530

282

135

143

289

351

263

240

155

183

161

96

79

201

58

59

69

48

63

50

28

52

29

202

307

258

161

183

274

Interest expense

4,094

4,328

4,974

4,919

4,901

4,638

4,737

7,725

8,747

9,906

7,494

8,998

7,964

1,238

63

30

15

19

4

14

11

32

9

8

23

104

37

11

12

8

71

5

2

61

54

17

15

159

Other—net

793

-1,146

331

249

-4,478

-1,405

-3,332

-2,225

-224

-1,039

-730

-1,392

12,993

-2,619

564

-2,013

-447

-2,012

-787

1,843

-770

1,709

-415

990

-256

-207

-964

1,243

-1,475

1,279

-1,918

1,888

318

-271

562

9,181

1,586

-300

Total other expense, net

-3,034

-5,258

-4,386

-4,252

-9,151

-5,827

-7,625

-9,510

-8,500

-10,415

-7,942

-10,255

5,172

-3,568

852

-1,780

-222

-1,876

-608

1,990

-685

1,756

-223

1,040

-220

-

-953

1,295

-1,437

1,299

-1,937

1,912

518

-25

766

9,325

1,754

-185

Income before income taxes

7,556

3,316

-11,543

24,615

43,660

76,682

92,899

91,151

100,823

101,214

92,635

60,834

47,372

44,471

27,140

24,224

27,061

33,736

18,086

24,122

23,624

25,650

16,925

21,080

15,564

25,752

20,491

18,192

19,061

18,157

24,385

22,249

25,831

31,416

29,356

35,612

27,445

22,273

Provision for income taxes

1,763

2,692

-8,444

3,865

8,110

3,497

25,929

25,849

58,920

28,327

29,764

18,646

16,674

13,686

8,490

6,443

6,775

6,434

4,822

5,709

6,194

6,553

3,926

5,773

3,861

5,237

3,806

3,190

4,908

5,609

7,177

6,094

8,780

36

10,334

11,889

8,332

7,869

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-

-

-3,099

20,750

-

73,185

66,970

65,302

41,903

72,887

62,871

42,188

30,698

30,785

18,650

17,781

20,286

11,274

18,694

22,132

24,309

-

17,148

20,040

15,784

-

21,444

16,897

20,498

-

26,322

20,337

25,313

-

28,590

26,287

25,691

22,458

Loss from discontinued operations, net of income taxes

-

-

0

0

-

0

0

0

-2

865

-1,754

-343

-290

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

5,793

624

-3,099

20,750

35,550

73,185

66,970

65,302

41,901

73,752

61,117

41,845

30,408

30,785

18,650

17,781

20,286

27,302

13,264

18,413

17,430

19,097

12,999

15,307

11,703

20,515

16,685

15,002

14,153

12,548

17,208

16,155

17,051

31,380

19,022

23,723

19,113

14,404

Earnings Per Share [Abstract]
Net income per share:
Income per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

2.98

2.56

1.72

1.26

1.26

0.77

0.74

0.85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss per share from discontinued operations, net of income taxes (in dollars per share)

-

-

-

-

-

-

-

-

-

0.03

-0.07

-0.01

-0.01

0.00

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in USD per share)

0.24

0.04

-0.13

0.86

1.46

3.01

2.72

2.64

1.70

3.01

2.49

1.71

1.25

1.26

0.77

0.74

0.85

1.10

0.54

0.75

0.70

0.77

0.52

0.62

0.48

0.84

0.69

0.62

0.60

0.52

0.73

0.69

0.73

1.27

0.76

0.94

0.77

0.58

Diluted net income (loss) per share:
Income per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

2.94

2.53

1.70

1.25

1.25

0.76

0.73

0.84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss per share from discontinued operations, net of income taxes (in dollars per share)

-

-

-

-

-

-

-

-

-

0.03

-0.07

-0.01

-0.01

0.00

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in USD per share)

0.24

0.05

-0.13

0.85

1.45

2.98

2.69

2.61

1.67

2.98

2.46

1.69

1.23

1.25

0.76

0.73

0.84

1.10

0.53

0.74

0.69

0.76

0.52

0.61

0.47

0.83

0.68

0.61

0.58

0.52

0.72

0.67

0.71

1.24

0.74

0.92

0.76

0.57

Shares used in computation:
Weighted Average Number of Shares Outstanding, Basic

23,971

23,918

24,054

24,232

24,268

24,234

24,658

24,761

24,635

24,568

24,537

24,496

24,347

24,243

24,192

24,137

23,996

24,634

24,737

24,709

24,936

24,879

24,837

24,782

24,542

24,387

24,310

24,085

23,770

23,628

23,633

23,521

23,462

24,696

25,066

25,246

24,688

25,022

Weighted Average Number of Shares Outstanding, Diluted

24,160

24,258

24,054

24,332

24,472

24,492

24,877

25,010

25,025

24,884

24,823

24,757

24,644

24,595

24,467

24,362

24,236

24,908

24,972

24,891

25,197

25,230

25,115

25,044

24,915

24,833

24,690

24,475

24,222

24,093

24,054

23,996

23,961

25,169

25,587

25,832

25,268

25,438