IDEXX LABORATORIES INC /DE IDXX Income Statement

Idexx laboratories inc /de (IDXX)

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
Revenue:
Total revenue
626,336	605,446	605,303	620,103	576,056	549,386	545,448	580,752	537,656	506,121	491,976	508,940	462,021	442,996	448,308	466,569	417,550	399,685	406,387	413,343	382,477	351,959	383,523	390,122	360,203	354,072	338,297	352,583	332,106	319,538	315,475	335,649	322,676	307,201	300,954	317,862	292,672	283,757	269,628	281,482	268,525	259,120	265,723
Cost of Revenue:
Total cost of revenue
266,746	274,297	260,353	262,250	244,459	249,025	239,805	248,313	234,557	233,647	217,974	216,225	203,830	202,370	201,578	206,026	190,013	181,990	182,113	180,586	166,933	169,794	170,187	171,604	158,106	165,409	152,514	154,885	148,132	150,488	144,840	150,960	147,902	148,320	142,287	143,829	137,747	138,986	127,421	132,198	126,164	128,643	127,283
Gross profit
359,590	331,149	344,950	357,853	331,597	300,361	305,643	332,439	303,099	272,474	274,002	292,715	258,191	240,626	246,730	260,543	227,537	217,695	224,274	232,757	215,544	182,165	213,336	218,518	202,097	188,663	185,783	197,698	183,974	169,050	170,635	184,689	174,774	158,881	158,667	174,033	154,925	144,771	142,207	149,284	142,361	130,477	138,440
Expenses:
Sales and marketing
116,143	105,694	104,551	101,364	106,584	95,904	95,146	96,255	100,101	90,539	88,818	87,693	87,244	80,605	79,972	76,652	79,829	76,495	73,107	75,217	75,136	77,238	70,602	68,020	67,848	66,120	60,079	57,896	59,397	52,724	52,067	54,539	57,632	52,209	50,682	50,974	50,985	46,557	44,486	44,167	44,416	41,504	41,876
General and administrative
65,812	74,664	66,337	59,955	60,361	58,972	63,955	61,080	60,931	55,318	57,186	55,460	52,914	50,778	52,627	54,317	49,295	48,793	46,198	44,920	42,599	45,257	45,698	41,846	41,089	38,721	38,651	38,858	41,631	31,849	35,307	34,275	36,178	31,170	32,483	33,140	32,596	29,931	30,704	33,076	32,808	28,185	30,794
Research and development
33,310	35,160	34,260	32,259	31,514	30,138	29,192	29,510	29,023	28,809	27,585	26,998	25,790	25,418	25,672	25,412	24,620	25,496	24,862	24,317	25,006	24,869	24,847	25,433	23,114	22,496	21,568	22,181	21,758	21,050	20,349	20,058	20,557	20,203	19,406	18,621	17,812	17,479	17,203	17,206	16,709	16,583	16,594
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from operations
144,325	115,631	139,802	164,275	133,138	115,347	117,350	145,594	113,044	97,808	100,413	122,564	92,243	83,825	88,459	104,162	73,793	66,911	71,895	88,303	72,803	34,801	72,189	83,219	70,046	61,326	65,485	78,763	61,188	63,427	62,912	75,817	60,407	55,299	56,096	71,298	53,532	50,804	49,814	54,835	48,428	44,205	49,176
Interest expense
7,692	7,393	7,090	8,186	8,386	8,560	8,453	8,457	9,274	9,717	9,764	9,155	8,589	7,755	7,786	8,204	8,304	7,926	7,750	7,259	6,304	5,396	4,294	2,965	2,774	1,909	1,463	1,179	835	856	873	926	1,193	1,109	928	782	728	674	687	689	365	436	459
Interest income
140	268	86	33	40	258	142	172	579	1,595	1,400	1,176	1,083	1,057	851	928	820	800	684	559	425	457	313	488	471	541	456	444	444	513	473	480	436	506	450	419	369	336	136	138	53	48	56
Income before provision for income taxes
136,773	108,506	132,798	156,122	124,792	107,045	109,039	137,309	104,349	89,686	92,049	114,585	84,737	77,127	81,524	96,886	66,309	59,785	64,829	81,603	66,924	29,862	68,208	80,742	67,743	59,958	64,478	78,028	60,797	63,084	62,512	75,371	59,650	54,696	55,618	70,935	53,173	50,466	49,263	54,284	48,116	43,817	48,773
Provision for income taxes
24,917	17,962	23,960	30,421	22,083	21,368	15,825	28,629	14,873	51,396	21,535	29,178	15,679	24,756	25,072	29,680	20,284	15,395	20,600	24,665	20,346	3,911	16,045	23,498	21,150	16,722	18,786	24,029	15,930	19,724	19,639	24,051	18,916	16,698	17,122	22,281	16,567	14,086	14,548	17,087	15,088	12,281	15,106
Net income
111,856	90,544	108,838	125,701	102,709	85,677	93,214	108,680	89,476	38,290	70,514	85,407	69,058	52,371	56,452	67,206	46,025	44,390	44,229	56,938	46,578	25,951	52,163	57,244	46,593	43,236	45,692	53,999	44,867	43,360	42,873	51,320	40,734	37,998	38,496	48,654	36,606	36,380	34,715	37,197	33,028	31,536	33,667
Less: Net income attributable to noncontrolling interest
29	48	1	-5	28	39	-37	-11	25	33	3	50	39	2	-3	4	6	41	6	26	-16	-10	21	26	8	-21	4	4	7	6	20	3	-9	-12	-11	-3	-6	9	21	4	2	-	-
Net income attributable to IDEXX Laboratories, Inc. stockholders
111,827	90,496	108,837	125,706	102,681	85,638	93,251	108,691	89,451	38,257	70,511	85,357	69,019	52,369	56,455	67,202	46,019	44,349	44,223	56,912	46,594	25,961	52,142	57,218	46,585	43,257	45,688	53,995	44,860	43,354	42,853	51,317	40,743	38,010	38,507	48,657	36,612	36,371	34,694	37,193	33,026	31,536	33,667
Earnings per Share:
Basic (in dollars per share)
1.31	1.06	1.26	1.46	1.19	1.00	1.07	1.25	1.02	0.44	0.81	0.97	0.78	0.58	0.63	0.75	0.51	0.49	0.48	0.61	0.49	-0.16	0.52	0.56	0.90	-0.93	0.87	1.01	0.82	0.79	0.78	0.93	0.74	0.68	0.68	0.85	0.64	0.64	0.60	0.64	0.57	0.54	0.57
Diluted (in dollars per share)
1.29	1.05	1.24	1.43	1.17	0.97	1.05	1.23	1.01	0.43	0.79	0.95	0.77	0.57	0.62	0.74	0.51	0.48	0.48	0.60	0.49	-0.17	0.52	0.55	0.89	-0.92	0.86	0.99	0.81	0.78	0.76	0.91	0.72	0.67	0.66	0.83	0.62	0.61	0.59	0.62	0.55	0.52	0.55
Weighted Average Shares Outstanding:
Basic (in shares)
85,427	85,843	86,198	86,215	86,204	86,365	86,756	87,004	87,331	87,418	87,537	88,004	88,117	89,286	89,894	89,824	89,924	90,796	91,944	93,384	94,280	147,020	99,489	102,250	51,617	264,564	52,450	53,670	54,588	54,715	54,938	55,079	55,208	55,728	56,699	57,276	57,457	57,452	57,620	57,747	58,033	58,656	58,911
Diluted (in shares)
86,705	87,337	87,667	87,615	87,549	87,887	88,453	88,596	88,944	89,140	89,256	89,878	89,994	90,743	91,138	90,817	90,838	91,872	92,897	94,306	95,521	149,284	100,800	103,590	52,338	268,762	53,242	54,386	55,490	55,882	56,088	56,211	56,439	57,032	58,007	58,727	59,090	59,285	59,276	59,646	60,029	60,668	60,697
Product revenue
Total revenue
364,773	363,448	360,000	365,638	334,058	332,319	324,303	348,621	317,440	309,028	291,031	304,091	271,965	270,700	266,321	284,887	249,065	244,869	246,750	251,210	232,104	208,839	233,666	237,515	219,392	224,748	206,693	217,322	205,768	203,704	196,900	212,221	204,167	199,433	191,334	203,502	188,385	188,236	173,297	179,813	176,761	171,527	176,066
Total cost of revenue
125,454	135,814	125,112	127,893	117,383	129,079	120,294	127,270	118,246	123,244	109,848	110,330	103,027	106,360	103,909	108,910	97,631	93,450	92,185	91,203	83,370	85,264	84,784	86,956	78,042	88,172	76,521	79,842	74,150	79,490	72,738	78,470	75,212	81,802	76,831	77,457	73,705	78,163	67,076	72,063	68,634	71,543	71,304
Service revenue
Total revenue
261,563	241,998	245,303	254,465	241,998	217,067	221,145	232,131	220,216	197,093	200,945	204,849	190,056	172,296	181,987	181,682	168,485	154,816	159,637	162,133	150,373	143,120	149,857	152,607	140,811	129,324	131,604	135,261	126,338	115,834	118,575	123,428	118,509	107,768	109,620	114,360	104,287	95,521	96,331	101,669	91,764	87,593	89,657
Total cost of revenue
141,292	138,483	135,241	134,357	127,076	119,946	119,511	121,043	116,311	110,403	108,126	105,895	100,803	96,010	97,669	97,116	92,382	88,540	89,928	89,383	83,563	84,530	85,403	84,648	80,064	77,237	75,993	75,043	73,982	70,998	72,102	72,490	72,690	66,518	65,456	66,372	64,042	60,823	60,345	60,135	57,530	57,100	55,979