Fox Factory Holding Corp. FOXF Income Statement

Fox factory holding corp. (FOXF)

Income statement / Quarterly

Apr'20	Jan'20	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	Sep'12	Jun'12
Sales
184,361	185,881	211,317	192,122	161,700	156,810	175,798	156,825	129,792	121,093	127,399	120,811	106,330	111,555	109,011	102,294	80,217	95,668	106,171	97,171	67,788	74,104	90,148	86,374	56,108	65,259	82,293	70,316	54,878	72,864	60,721
Cost of sales
127,746	126,240	141,500	129,902	110,643	105,857	115,312	104,412	88,148	81,970	84,802	81,755	72,616	77,498	74,125	69,967	55,099	67,063	71,385	67,303	49,005	52,201	61,601	59,421	39,091	46,543	56,960	49,951	39,163	52,745	44,275
Gross profit
56,615	59,641	69,817	62,220	51,057	50,953	60,486	52,413	41,644	39,123	42,597	39,056	33,714	34,057	34,886	32,327	25,118	28,605	34,786	29,868	18,783	21,903	28,547	26,953	17,017	18,716	25,333	20,365	15,715	20,119	16,446
Operating expenses:
Sales and marketing
12,063	10,608	11,660	11,264	9,262	9,154	9,606	9,802	8,734	7,332	6,914	7,067	6,592	6,350	6,417	6,476	6,553	5,764	5,981	6,140	5,297	4,948	5,282	5,118	3,844	3,770	3,621	3,478	3,284	3,150	2,961
Research and development
8,029	8,347	8,376	7,763	7,303	6,827	6,765	6,058	6,197	5,167	5,547	4,982	4,482	4,761	4,724	4,582	4,392	4,800	4,641	4,158	3,402	3,414	3,468	3,625	3,135	2,966	2,500	2,588	2,355	2,427	2,393
General and administrative
22,413	12,934	12,727	12,158	11,180	10,620	11,164	10,779	9,193	9,669	9,061	8,122	8,081	7,534	7,129	7,109	5,921	5,625	5,932	4,855	4,641	4,857	4,218	4,678	3,930	2,822	3,098	2,815	2,673	2,223	2,895
Amortization of purchased intangibles
2,543	1,593	1,694	1,564	1,493	1,499	1,499	1,499	1,568	898	697	696	695	699	712	782	795	2,090	2,756	1,839	1,840	1,705	1,684	1,674	1,361	1,355	1,341	1,341	1,341	1,341	1,329
Fair value adjustment of contingent consideration and acquisition-related compensation
-	-	-	-	-	-	-	-	-	0	0	0	1,447	1,230	818	2,100	1,763	879	1,655	2,339	2,064	2,750	-16	122	0	-	-	-	-	-	-
Total operating expenses
45,048	33,482	34,457	32,749	29,238	28,100	29,034	28,138	25,692	23,066	22,219	20,867	21,297	20,574	19,800	21,049	19,424	19,158	20,965	19,331	17,244	17,674	14,636	15,217	12,270	10,913	10,560	10,222	9,653	9,141	9,578
Income from operations
11,567	26,159	35,360	29,471	21,819	22,853	31,452	24,275	15,952	16,057	20,378	18,189	12,417	13,483	15,086	11,278	5,694	9,447	13,821	10,537	1,539	4,229	13,911	11,736	4,747	7,803	14,773	10,143	6,062	10,978	6,868
Other expense, net:
Interest expense
1,847	591	748	1,005	829	681	748	832	798	701	602	505	588	574	555	576	383	383	422	414	330	277	291	321	110	156	2,015	997	957	1,424	637
Other expense (income)
-62	-535	37	-582	13	-201	-180	81	-283	-74	181	78	-545	3	507	31	-904	254	182	-2	15	537	-1	125	32	-8	38	-52	34	14	-255
Other expense, net
-1,909	-1,126	-711	-1,587	-816	-882	-928	-751	-1,081	-775	-421	-427	-1,133	-571	-48	-545	-1,287	-129	-240	-416	-315	260	-292	-196	-78	-164	-1,977	-1,049	-923	-1,410	-892
Income before income taxes
9,658	25,033	34,649	27,884	21,003	21,971	30,524	23,524	14,871	15,282	19,957	17,762	11,284	12,912	15,038	10,733	4,407	9,318	13,581	10,121	1,224	4,489	13,619	11,540	4,669	7,639	12,796	9,094	5,139	9,568	5,976
Provision for income taxes
920	2,503	4,473	4,522	2,601	1,603	5,788	4,711	-6,579	12,425	3,885	4,036	756	3,100	1,354	1,816	1,145	2,488	2,990	3,358	454	1,616	3,328	-41	1,728	2,731	2,872	3,373	1,590	4,099	1,659
Net income
8,738	22,530	30,176	23,362	18,402	20,368	24,736	18,813	21,450	2,857	16,072	13,726	10,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to non-controlling interest
488	8	689	441	299	233	424	444	226	55	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to FOX stockholders
8,250	22,522	29,487	22,921	18,103	20,135	24,312	18,369	21,224	2,802	16,072	13,726	10,528	9,812	13,684	8,917	3,262	6,830	10,591	6,763	770	2,873	10,291	11,581	2,941	4,908	9,924	5,721	3,549	5,469	4,317
Earnings per share:
Basic (in dollars per share)
0.21	0.58	0.77	0.60	0.48	0.53	0.64	0.49	0.56	0.07	0.43	0.37	0.28	0.27	0.37	0.24	0.09	0.18	0.29	0.18	0.02	0.07	0.28	0.32	0.08	0.14	0.28	0.17	0.11	0.16	0.14
Diluted (in dollars per share)
0.21	0.58	0.75	0.59	0.46	0.52	0.62	0.47	0.55	0.08	0.41	0.35	0.27	0.25	0.36	0.24	0.09	0.18	0.28	0.18	0.02	0.07	0.27	0.31	0.08	0.14	0.27	0.17	0.10	0.16	0.14
Weighted average shares used to compute earnings per share:
Basic (in shares)
38,571	38,554	38,451	38,286	38,041	37,987	37,886	37,722	37,625	37,553	37,474	37,330	37,135	36,877	36,777	36,607	36,935	36,992	36,991	36,921	37,052	37,053	36,904	36,648	36,419	36,351	35,013	33,460	33,460	33,465	30,946
Diluted (in shares)
39,151	39,168	39,174	39,181	39,097	39,081	39,052	38,856	38,835	38,848	38,817	38,725	38,562	37,965	37,786	37,594	37,859	37,953	37,855	37,827	37,941	37,997	37,853	37,812	37,566	37,581	36,423	34,667	34,149	33,718	31,153