LIVANOVA PLC LIVN Income Statement

Livanova plc (LIVN)

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	Oct'15	Sep'15	Jul'15	Apr'15	Oct'14
Net sales
242,397	287,590	268,610	277,169	250,801	296,983	272,082	287,498	250,398	278,356	251,253	255,843	226,825	61,574	295,268	321,047	286,969	282,226	67,521	0	81,011	74,072	73,417
Costs and expenses:
Cost of sales - exclusive of amortization
68,923	78,311	86,128	74,942	84,254	90,921	94,300	91,993	84,598	101,449	87,752	84,023	79,968	7,170	106,454	130,654	123,567	94,435	9,536	-	9,433	7,595	6,765
Gross profit
-	-	-	-	-	-	-	-	-	-	161,859	170,097	147,649	-	188,125	189,545	162,696	120,270	57,985	-	71,578	66,477	66,651
Product remediation
1,500	4,700	3,100	5,100	2,900	2,085	3,400	1,500	3,715	4,727	1,642	1,723	-792	35,291	689	848	706	-	-	-	-	-	-
Selling, general and administrative
120,177	130,610	123,015	127,213	125,704	122,231	115,136	123,439	104,161	101,295	97,201	94,264	87,340	9,420	109,233	120,645	115,866	113,319	41,186	0	33,706	29,690	29,572
Research and development
35,902	25,866	45,904	34,544	43,575	37,640	42,417	34,215	31,752	32,394	22,903	33,833	20,386	-11,998	32,175	30,211	31,690	32,112	14,739	0	9,804	10,689	10,816
Merger and integration expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Restructuring Charges
1,580	7,691	698	1,332	2,533	13,122	436	476	1,881	3,246	1,183	2,597	10,030	158	4,381	4,246	28,592	10,494	0	-	0	0	-
Impairment of intangible assets
-	-	0	50,300	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
10,267	10,685	11,146	9,228	9,316	9,119	9,457	9,817	8,801	8,528	8,540	8,116	7,960	-2,924	11,775	6,292	15,892	6,263	510	-	257	685	-
Insurance Recoveries
-	-	33,834	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation provision, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-
Total operating expenses
-	-	-	-	-	-	-	-	-	-	131,837	142,322	127,902	-	165,140	167,594	198,801	211,925	84,337	0	50,316	49,756	40,389
Operating income (loss) from continuing operations
608	-143,976	25,761	-29,876	-20,779	-276,452	-5,757	21,607	12,530	18,943	30,022	27,775	19,747	24,617	22,985	21,951	-36,105	-33,670	-26,352	0	21,262	16,721	26,261
Interest income
148	179	151	224	249	-16	184	232	447	594	199	252	273	579	585	321	213	306	39	-	47	38	-
Interest expense
4,849	4,601	4,774	4,054	1,662	2,075	2,633	3,006	2,111	2,483	1,421	1,578	2,315	3,951	3,495	1,978	1,192	1,362	125	-	22	7	-
Gain on acquisitions
-	-	0	0	-	0	0	0	11,484	0	0	39,428	0	-	0	0	-	-	-	-	-	-	-
Interest income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43
Impairment of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,064	-	0
Foreign exchange and other (losses) gains
-1,914	-1,741	327	-1,851	729	-811	-727	-70	-273	-596	527	-2,837	3,173	1,138	1,216	617	-1,835	-7,297	-109	-	-5	112	-
Other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-7
Loss from continuing operations before tax
-6,007	-150,139	21,465	-35,557	-21,463	-279,354	-8,933	18,763	22,077	7,893	29,327	63,040	20,878	22,383	21,291	20,911	-38,919	-45,217	-26,547	1	19,218	16,864	26,297
Income tax benefit
-44,714	-6,722	-10,653	-6,164	-6,614	-69,832	-2,660	-1,030	3,893	39,135	1,905	3,259	5,655	-11,778	9,731	8,418	-1,258	-20,300	-1,456	0	6,799	6,350	9,024
Losses from equity method investments
-129	0	0	0	0	-17	0	-265	-362	-214	-407	-14,102	-1,996	703	-13,129	-3,536	-2,717	-2,223	0	-	0	0	-
Net income (loss) from continuing operations
38,578	-143,417	32,118	-29,393	-14,849	-209,539	-6,273	19,528	17,822	-31,456	27,015	45,679	13,227	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations, net of tax
-995	187	0	178	0	-1,022	-904	-4,462	-4,549	-80,232	815	1,819	-1,956	-	-	-	-	-	-	-	-	-	-
Net income (loss)
37,583	-143,230	32,118	-29,215	-14,849	-210,561	-7,177	15,066	13,273	-111,688	27,830	47,498	11,271	-29,799	-1,569	8,957	-40,378	-42,033	-25,091	1	12,419	10,514	17,273
Basic income (loss) per share:
Basic (loss) income per share:
Continuing operations (in dollars per share)
0.80	-2.96	0.66	-0.61	-0.31	-4.32	-0.13	0.40	0.37	-0.66	0.56	0.95	0.28	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-0.02	0.00	0.00	0.01	0.00	-0.02	-0.02	-0.09	-0.10	-1.66	0.02	0.04	-0.05	-	-	-	-	-	-	-	-	-	-
Earnings per share (in dollars per share)
0.78	-2.96	0.66	-0.60	-0.31	-4.34	-0.15	0.31	0.27	-2.32	0.58	0.99	0.23	-0.61	-0.03	0.18	-0.83	-1.40	-0.96	0.02	0.48	0.40	0.65
Diluted income (loss) per share:
Diluted (loss) income per share:
Continuing operations (in dollars per share)
0.79	-2.96	0.66	-0.61	-0.31	-4.31	-0.13	0.40	0.36	-0.66	0.56	0.95	0.27	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-0.02	0.00	0.00	0.01	0.00	-0.03	-0.02	-0.09	-0.09	-1.64	0.01	0.03	-0.04	-	-	-	-	-	-	-	-	-	-
Earnings per share (in dollars per share)
0.77	-2.96	0.66	-0.60	-0.31	-4.34	-0.15	0.31	0.27	-2.30	0.57	0.98	0.23	-0.60	-0.03	0.18	-0.83	-1.39	-0.96	0.02	0.47	0.40	0.64
Shares used in computing basic (loss) income per share (in shares)
48,485	48,413	48,395	48,342	48,246	48,540	48,637	48,487	48,324	48,240	48,181	48,140	48,067	48,391	49,075	49,056	48,918	72,176	26,025	50	25,996	26,024	26,574
Shares used in computing diluted (loss) income per share (in shares)
48,769	47,988	48,820	48,342	48,246	46,826	48,637	49,338	49,187	48,989	48,534	48,303	48,178	48,901	49,075	49,162	48,918	71,944	26,025	50	26,228	26,269	26,791