FLIR SYSTEMS, INC. FLIR Income Statement

Flir systems, inc. (FLIR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'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	Sep'08	Jun'08
Revenue
450,923	489,044	471,248	481,998	444,736	448,463	434,898	452,707	439,618	494,784	464,712	434,124	406,814	474,738	405,228	402,729	379,472	437,647	381,928	392,975	344,517	434,366	375,366	369,380	351,542	400,319	358,141	389,329	348,583	386,385	332,230	338,291	348,452	405,211	371,327	391,555	375,969	437,509	332,497	331,133	287,298	285,553	277,978	276,740	260,978
Cost of Goods and Services Sold
231,555	256,609	241,661	248,378	210,875	220,684	212,824	220,156	221,704	256,952	241,821	227,392	215,493	260,005	213,852	219,407	201,782	230,337	201,189	203,360	168,620	219,629	190,980	186,662	183,010	210,227	185,251	199,288	164,596	177,310	158,877	168,262	165,725	179,712	169,430	186,144	179,457	204,653	150,389	147,810	121,944	122,736	116,030	121,478	114,364
Gross profit
219,368	232,435	229,587	233,620	233,861	227,779	222,074	232,551	217,914	237,832	222,891	206,732	191,321	214,733	191,376	183,322	177,690	207,310	180,739	189,615	175,897	214,737	184,386	182,718	168,532	190,092	172,890	190,041	183,987	209,075	173,353	170,029	182,727	225,499	201,897	205,411	196,512	232,856	182,108	183,323	165,354	162,817	161,948	155,262	146,614
Operating expenses:
Research and development
53,847	53,456	50,050	53,021	47,680	43,294	41,997	46,429	44,561	42,833	42,873	43,046	41,983	38,210	33,839	38,208	37,280	31,792	31,200	35,126	34,774	36,096	34,022	36,307	36,326	38,425	32,986	39,601	36,684	33,680	29,593	37,510	36,571	34,919	35,188	39,481	37,589	35,003	28,520	28,309	24,803	21,294	23,232	21,639	23,547
Selling, general and administrative
116,242	115,436	105,149	116,862	104,490	90,205	91,525	97,456	107,683	93,627	92,932	97,056	90,252	82,812	76,688	79,902	83,033	80,660	73,557	83,958	75,369	90,258	76,295	83,500	81,942	88,033	76,365	80,168	78,173	73,319	69,523	71,798	77,860	80,913	81,300	124,127	82,607	97,487	67,801	65,199	56,208	52,204	54,055	56,973	58,394
Restructuring expenses
20,784	-	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	963	4,060	3,547	7,813	25,832	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of Business
-	-	0	0	-	-23,886	0	0	10,178	-23,588	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
190,873	178,382	155,199	169,883	152,779	141,883	133,522	143,885	162,422	160,673	135,805	140,102	132,235	122,453	110,527	118,110	120,313	113,813	104,757	119,084	110,143	127,317	114,377	123,354	126,081	152,290	109,351	119,769	114,857	108,999	99,116	109,308	114,431	115,832	116,488	163,608	120,196	132,490	96,321	93,508	81,011	73,498	77,287	78,612	81,941
Operating Income (Loss)
28,495	54,053	74,388	63,737	81,082	85,896	88,552	88,666	55,492	77,159	87,086	66,630	59,086	92,280	80,849	65,212	57,377	93,497	75,982	70,531	65,754	87,420	70,009	59,364	42,451	37,802	63,539	70,272	69,130	100,076	74,237	60,721	68,296	109,667	85,409	41,803	76,316	100,366	85,787	89,815	84,343	89,319	84,661	76,650	64,673
Interest expense
6,961	7,341	7,582	7,272	5,516	4,061	4,042	3,992	4,052	4,060	3,819	4,472	4,453	4,528	5,736	4,360	3,447	3,397	3,670	3,358	3,661	3,593	3,663	3,629	3,708	3,731	3,696	3,767	2,897	2,729	3,096	2,768	3,066	3,176	1,526	435	350	411	349	900	1,224	1,238	1,727	3,473	3,634
Interest income
349	544	612	438	1,057	1,310	979	656	956	650	488	355	271	478	336	328	260	306	319	295	247	471	398	272	264	337	256	274	191	509	268	377	428	768	155	86	264	358	454	192	254	-	-	-	-
Other (income) expense, net
1,315	-5,346	-292	1,220	-1,866	972	-71	-2,377	2,219	1,679	778	1,027	660	-2,954	-241	-1,327	1,430	14,376	-1,455	-1,020	700	-1,514	3,719	1,070	198	740	-53	-175	764	-151	-2,175	-240	1,225	892	-66	2,124	-852	1,597	631	1,734	53	-1,664	-1,092	4,956	3,637
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
23,198	41,910	67,126	58,123	74,757	84,117	85,418	82,953	54,615	75,428	84,533	63,540	55,564	85,276	75,208	59,853	55,620	104,782	71,176	66,448	63,040	82,784	70,463	57,077	39,205	35,148	60,046	66,604	67,188	97,705	69,234	58,090	66,883	108,151	83,972	43,578	75,378	101,910	86,523	90,841	83,426	86,417	81,842	78,133	64,676
Income Tax Expense (Benefit)
7,774	40,226	5,079	12,005	13,009	-14,399	12,267	11,390	15,420	125,718	21,004	12,127	12,993	23,776	16,575	14,485	54,495	34,578	-1,896	15,948	15,130	10,032	17,606	12,319	9,311	6,413	13,560	16,446	15,552	19,528	13,285	15,685	18,058	31,318	19,582	13,755	23,772	31,840	23,568	31,387	27,531	26,382	26,189	23,354	20,059
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78,177	55,949	42,405	48,825	76,833	64,390	29,823	51,606	70,070	62,955	59,454	55,895	-	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-916	-44	-1,312	-686	-702	329	-514	-291	-	-	-	-	-	-	-	-
Net earnings
15,424	1,684	62,047	46,118	61,748	98,516	73,151	71,563	39,195	-50,290	63,529	51,413	42,571	61,500	58,633	45,368	1,125	70,204	73,072	50,500	47,910	72,752	52,857	44,758	29,894	28,735	46,486	50,158	51,636	77,261	55,905	41,093	48,139	76,131	64,719	29,309	51,315	69,822	62,955	59,454	55,895	60,035	55,653	54,779	44,617
Earnings Per Share [Abstract]
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.52	0.37	0.28	0.32	0.49	0.41	0.19	0.32	0.44	0.40	0.38	0.37	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	-0.01	0.00	-0.01	0.00	0.00	0.00	-	-	-	-	-	-	-	-
Basic earnings per share (in dollars per share)
0.12	0.01	0.46	0.34	0.46	0.72	0.53	0.52	0.28	-0.37	0.46	0.38	0.31	0.45	0.43	0.33	0.01	0.51	0.52	0.36	0.34	0.52	0.37	0.32	0.21	0.20	0.33	0.35	0.36	0.52	0.37	0.27	0.31	0.49	0.41	0.18	0.32	0.44	0.40	0.38	0.37	0.40	0.37	0.39	0.32
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.52	0.37	0.27	0.31	0.48	0.40	0.18	0.32	0.43	0.39	0.37	0.35	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	-0.01	0.00	-0.01	0.00	0.00	0.00	-	-	-	-	-	-	-	-
Diluted earnings per share (in dollars per share)
0.11	0.01	0.46	0.34	0.45	0.70	0.52	0.51	0.28	-0.37	0.46	0.37	0.31	0.43	0.43	0.33	0.01	0.50	0.52	0.36	0.34	0.50	0.37	0.31	0.21	0.20	0.32	0.35	0.35	0.50	0.37	0.27	0.31	0.48	0.40	0.18	0.32	0.43	0.39	0.37	0.35	0.38	0.35	0.35	0.29
Weighted Average Number of Shares Outstanding, Basic
133	-	134	135	135	-	138	137	138	-	137	136	136	-	136	137	137	-	139,596	140,063	139,768	-	141,433	141,574	140,932	-	141,863	142,085	144,629	-	150,878	153,172	154,485	-	158,665	159,796	159,400	-	158,215	154,495	152,899	151,573	149,948	139,211	138,054
Weighted Average Number of Shares Outstanding, Diluted
134	-	136	137	137	-	140	140	140	-	139	138	138	-	137	138	138	-	140,525	141,491	141,472	-	143,413	144,120	143,828	-	144,231	143,774	146,291	-	152,327	155,033	156,972	-	160,798	162,550	162,310	-	160,925	161,643	161,604	160,287	161,354	163,124	162,344