GLOBUS MEDICAL, INC. GMED Income Statement

Globus medical, inc. (GMED)

Income statement / TTM

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	Sep'11	Jun'11
Sales
792,998	785,368	769,639	742,660	721,505	712,969	693,065	675,573	654,579	635,977	611,533	595,440	580,539	563,994	554,991	556,332	552,413	544,753	530,967	511,762	491,765	474,371	460,815	450,215	443,651	434,459	419,750	407,327	396,295	385,994	369,728	355,900	0	0	0
Cost of goods sold
187,001	179,975	177,169	169,631	163,278	159,410	154,312	153,261	152,823	150,453	148,599	143,254	138,786	134,705	130,423	131,897	131,745	132,333	128,801	123,560	117,564	110,769	107,615	105,244	102,162	100,343	91,866	85,423	80,301	75,199	72,783	71,180	0	0	0
Provision for litigation - cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-
Gross profit
605,997	605,393	592,470	573,029	558,227	553,559	538,753	522,312	501,756	485,524	462,934	452,186	441,753	429,289	424,568	424,435	420,668	412,420	402,166	388,202	374,201	363,602	354,460	346,231	341,489	334,116	326,624	320,644	315,994	310,795	296,945	284,720	0	0	0
Operating expenses
Research and development
61,151	60,073	58,335	59,354	57,131	55,496	53,152	48,512	45,702	43,679	45,909	45,287	45,168	44,532	40,214	39,199	37,686	36,312	34,870	33,766	32,379	31,166	29,701	28,123	27,466	26,870	27,680	28,134	28,037	27,926	26,614	25,327	0	0	0
Selling, general and administrative
362,512	354,757	346,259	332,935	321,681	311,591	300,908	289,139	276,452	267,817	255,698	246,543	235,417	222,156	212,593	210,556	211,750	210,241	207,508	202,324	194,243	188,632	185,758	184,474	183,799	182,518	181,475	177,553	173,034	168,862	158,998	150,971	0	0	0
Provision for litigation
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-11,268	2,201	2,220	3,164	5,667	8,536	8,589	25,540	23,055	16,831	16,702	-429	-786	879	539	0	0	0
Amortization of intangibles
14,242	13,809	13,475	12,015	10,744	9,588	8,763	8,683	8,314	7,909	7,476	6,280	4,868	3,478	2,066	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related costs
2,544	2,575	1,637	1,346	2,022	1,681	1,609	1,626	1,461	1,611	1,769	2,676	1,540	1,826	2,897	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
442,639	433,404	427,209	411,528	397,456	384,234	364,320	350,385	334,597	323,684	313,732	301,129	290,149	275,148	250,152	246,994	244,115	240,198	246,297	238,085	229,561	225,240	223,995	221,186	236,805	232,443	227,588	224,051	200,028	196,002	184,733	175,759	0	0	0
Operating income
163,358	171,989	165,261	161,501	160,771	169,325	174,433	171,927	167,159	161,840	149,202	151,057	151,604	154,141	174,416	177,441	176,553	172,222	155,869	150,117	144,640	138,362	130,465	125,045	104,684	101,673	99,036	96,593	115,966	114,793	112,212	108,961	0	0	0
Interest income/(expense), net
17,571	17,406	17,117	16,592	15,146	13,278	10,976	8,862	7,481	6,608	5,910	4,967	3,979	3,057	2,299	1,846	1,522	1,304	1,126	965	882	805	0	0	0	-	-	-	-	-	-	-	-	-	-
Foreign currency transaction gain/(loss)
-582	75	171	0	554	360	541	252	356	909	116	715	-42	-482	-207	-696	-374	-1,159	-1,323	-1,506	-1,546	-899	0	0	0	-	-	-	-	-	-	-	-	-	-
Other income/(expense)
446	476	574	875	5,708	5,642	5,628	5,297	595	571	577	564	541	563	527	517	542	438	378	345	352	374	0	0	0	-	-	-	-	-	-	-	-	-	-
Total other income/(expense), net
17,435	17,957	17,862	17,467	21,408	19,280	17,145	14,411	8,432	8,088	6,603	6,246	4,478	3,138	2,619	1,667	1,690	583	181	-196	-312	280	519	840	294	328	239	-3	-86	-140	-296	-276	0	0	0
Income before income taxes
180,793	189,946	183,123	178,968	182,179	188,605	191,578	186,338	175,591	169,928	155,805	157,303	156,082	157,279	177,035	179,108	178,243	172,805	156,050	149,921	144,328	138,642	130,984	125,885	104,978	102,001	99,275	96,590	115,880	114,653	111,916	108,685	0	0	0
Income tax provision
32,844	34,736	36,692	35,636	32,033	32,131	47,479	51,856	57,419	62,580	48,535	49,397	51,037	52,938	59,391	61,210	62,097	60,021	53,229	50,520	48,334	46,157	45,152	42,804	35,118	33,389	30,881	32,019	39,734	40,822	41,989	39,325	0	0	0
Net income
147,949	155,210	146,431	143,332	150,146	156,474	144,099	134,482	118,172	107,348	107,270	107,906	105,045	104,341	117,644	117,898	116,146	112,784	102,821	99,401	95,994	92,485	85,832	83,081	69,860	68,612	68,394	64,571	76,146	73,831	69,927	69,360	0	0	0
Earnings per share
Basic
0.26	0.45	0.39	0.39	0.34	0.37	0.36	0.46	0.41	0.25	0.27	0.30	0.30	0.26	0.27	0.27	0.29	0.40	0.28	0.25	0.26	0.29	0.24	0.22	0.23	0.22	0.22	0.08	0.22	0.22	0.18	0.22	0.20	0.19	0.18
Diluted
0.25	0.43	0.38	0.38	0.33	0.36	0.35	0.44	0.39	0.25	0.26	0.29	0.30	0.25	0.27	0.27	0.29	0.38	0.28	0.25	0.26	0.29	0.24	0.22	0.22	0.22	0.22	0.08	0.21	0.22	0.18	0.21	0.19	0.19	0.18
Weighted average shares outstanding
Basic
99,635	99,612	99,238	99,023	98,727	98,538	98,328	97,830	96,840	96,497	96,318	96,161	95,996	95,866	95,739	95,585	95,398	95,279	95,138	94,979	94,788	94,582	94,399	94,212	93,715	93,340	93,028	92,415	91,805	91,746	90,111	88,354	88,221	88,063	72,430
Dilutive stock options
2,511	3,331	2,862	2,559	2,640	2,916	3,476	3,680	3,656	2,236	1,531	1,657	1,152	651	753	841	895	940	981	1,070	1,117	1,119	1,076	1,268	1,457	1,463	1,394	1,555	1,768	-	2,586	-	-	-	-
Diluted
102,146	102,943	102,100	101,582	101,367	101,454	101,804	101,510	100,496	98,733	97,849	97,818	97,148	96,517	96,492	96,426	96,293	96,219	96,119	96,049	95,905	95,701	95,475	95,480	95,172	94,803	94,422	93,970	93,573	94,004	92,697	91,254	90,877	90,398	74,652
Anti-dilutive stock options excluded from weighted average calculation
6,637	3,160	5,108	5,021	4,687	4,128	1,950	1,809	1,917	1,106	2,611	2,017	5,758	5,790	5,457	5,469	5,208	4,039	3,234	3,398	2,721	2,399	1,660	1,370	1,235	1,322	1,622	1,772	3,184	-	2,705	-	-	-	-