| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Jan'15 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue: | |||||||||||
Product | |||||||||||
936,408 | 829,874 | 738,242 | 673,962 | 599,334 | 556,764 | 517,429 | 464,928 | 406,487 | 356,422 | 300,143 | 259,592 |
Royalty and other revenue | |||||||||||
1,429 | 28,415 | 52,006 | 38,936 | 30,777 | 29,879 | 29,816 | 28,305 | 32,501 | 48,985 | 48,972 | 47,482 |
Total revenue | |||||||||||
937,837 | 858,289 | 790,248 | 712,898 | 630,111 | 586,643 | 547,245 | 493,233 | 438,988 | 405,407 | 349,115 | 307,074 |
Cost of goods sold | |||||||||||
308,665 | 283,397 | 268,216 | 234,560 | 220,128 | 195,864 | 188,418 | 166,982 | 144,854 | 119,825 | 100,313 | 89,454 |
Gross profit | |||||||||||
629,172 | 574,892 | 522,032 | 478,338 | 409,983 | 390,779 | 358,827 | 326,251 | 294,134 | 285,582 | 248,802 | 217,620 |
Operating expenses: | |||||||||||
Selling, general and administrative | |||||||||||
314,661 | 285,417 | 273,011 | 254,707 | 252,725 | 241,016 | 215,469 | 193,948 | 169,205 | 174,089 | 134,577 | 120,069 |
Research and development | |||||||||||
93,295 | 81,006 | 65,234 | 57,686 | 56,617 | 56,581 | 55,631 | 47,077 | 38,412 | 36,000 | 31,701 | 25,495 |
Litigation settlement, award and/or defense costs | |||||||||||
0 | 425 | 0 | -270,000 | -19,609 | -10,331 | 8,010 | 0 | 0 | -30,728 | 298 | 706 |
Total operating expenses | |||||||||||
407,956 | 366,848 | 338,245 | 42,393 | 289,733 | 287,266 | 279,110 | 241,025 | 207,617 | 179,361 | 166,576 | 146,270 |
Operating income | |||||||||||
221,216 | 208,044 | 183,787 | 435,945 | 120,250 | 103,513 | 79,717 | 85,226 | 86,517 | 106,221 | 82,226 | 71,350 |
Non-operating income | |||||||||||
12,950 | 5,732 | 2,013 | -2,429 | -3,905 | -1,472 | -3,991 | -1,405 | 14 | 1,348 | -46 | 1,041 |
Income before provision for income taxes | |||||||||||
234,166 | 213,776 | 185,800 | 433,516 | 116,345 | 102,041 | 75,726 | 83,821 | 86,531 | 107,569 | 82,180 | 72,391 |
Provision for income taxes | |||||||||||
37,950 | 20,233 | 61,011 | 122,419 | 34,845 | 27,678 | 20,005 | 21,883 | 22,478 | 34,164 | 28,158 | 40,464 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
196,216 | 193,543 | 124,789 | 311,097 | 81,500 | 74,363 | 55,721 | 61,938 | 64,053 | 73,405 | 54,022 | 31,927 |
Net loss attributable to noncontrolling interest | |||||||||||
- | - | - | - | -1,800 | 1,845 | -2,660 | -334 | 353 | -125 | 794 | - |
Net income | |||||||||||
- | - | - | - | 83,300 | 72,518 | 58,381 | 62,272 | 63,700 | 73,530 | 53,228 | 31,927 |
Other comprehensive (loss) income, net of tax: | |||||||||||
Unrealized gains (losses) from foreign currency translation adjustments | |||||||||||
- | - | - | - | - | - | - | 2,268 | 349 | 862 | - | - |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | |||||||||||
- | - | - | - | - | - | - | 64,540 | 64,049 | 74,392 | - | - |
Net income per share attributable to Masimo Corporation stockholders: | |||||||||||
Earnings Per Share, Basic | |||||||||||
3.67 | 3.70 | 2.42 | 6.28 | 1.62 | 1.33 | 1.03 | 1.08 | 1.07 | 1.25 | 0.92 | 0.57 |
Earnings Per Share, Diluted | |||||||||||
3.44 | 3.45 | 2.23 | 5.85 | 1.55 | 1.30 | 1.02 | 1.07 | 1.05 | 1.21 | 0.88 | 0.53 |
Weighted average shares used in per share calculations: | |||||||||||
Weighted Average Number of Shares Outstanding, Basic | |||||||||||
53,434 | 52,296 | 51,516 | 49,530 | 51,311 | 54,708 | 56,690 | 57,445 | 59,659 | 58,769 | 57,603 | 56,321 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
57,100 | 56,039 | 55,874 | 53,195 | 53,707 | 55,571 | 57,480 | 58,374 | 60,845 | 60,609 | 60,171 | 60,190 |
Cash dividend declared per share | |||||||||||
- | - | - | - | - | - | - | 1.00 | 0.00 | 2.75 | - | - |