MERIT MEDICAL SYSTEMS INC MMSI Income Statement

Merit medical systems inc (MMSI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
NET SALES
994,852	882,753	727,852	603,838	542,149	509,689	449,049	394,288	359,449	296,755	257,462
COST OF SALES
562,486	487,983	401,599	338,813	306,368	284,467	254,682	212,296	193,981	168,257	148,660
GROSS PROFIT
432,366	394,770	326,253	265,025	235,781	225,222	194,367	181,992	165,468	128,498	108,802
OPERATING EXPENSES:
Selling, general and administrative
327,274	276,018	229,134	184,398	156,348	147,894	128,642	122,106	104,502	87,615	64,787
Research and development
65,615	59,532	51,403	45,229	40,810	36,632	33,886	27,795	21,938	15,335	11,168
Impairment and other charges
23,750	657	809	0	0	1,102	8,089	0	0	-	-
Contingent consideration expense
232	698	298	-61	-80	572	4,094	0	0	-	-
Acquired in-process research and development
525	644	12,136	461	1,000	0	0	2,450	5,838	0	0
Goodwill impairment charge
-	-	-	-	-	-	-	-	-	8,344	0
Total operating expenses
416,932	336,153	293,184	230,149	198,238	185,056	166,523	152,351	132,278	111,294	75,955
INCOME FROM OPERATIONS
15,434	58,617	33,069	34,876	37,543	40,166	27,844	29,641	33,190	17,204	32,847
OTHER INCOME (EXPENSE):
Interest income
-291	1,199	381	81	272	217	255	226	129	34	178
Interest expense
12,413	10,360	7,736	8,798	6,229	8,829	8,044	604	789	596	28
Gain on bargain purchase
-	-	11,039	0	0	-	-	-	-	-	-
Other expense - net
-537	63	-872	-773	-386	18	-216	-1,645	345	146	97
Total other expense - net
-13,241	-9,098	2,812	-9,490	-6,343	-8,594	-8,005	-2,023	-315	-416	247
INCOME (LOSS) BEFORE INCOME TAXES
2,193	49,519	35,881	25,386	31,200	31,572	19,839	27,618	32,875	16,788	33,094
INCOME TAX EXPENSE
-3,258	7,502	8,358	5,265	7,398	8,598	3,269	7,908	9,831	4,328	10,564
NET INCOME (LOSS)
5,451	42,017	27,523	20,121	23,802	22,974	16,570	19,710	23,044	12,460	22,530
EARNINGS (LOSS) PER COMMON SHARE:
Basic (in dollars per share)
0.10	0.80	0.56	0.45	0.54	0.53	0.39	0.47	0.59	0.35	0.64
Diluted (in dollars per share)
0.10	0.78	0.55	0.45	0.53	0.53	0.39	0.46	0.58	0.35	0.63
AVERAGE COMMON SHARES:
Basic (in shares)
55,075	52,268	48,805	44,408	44,036	43,143	42,607	42,176	39,086	35,290	35,014
Diluted (in shares)
56,235	53,931	50,101	44,862	44,511	43,409	42,884	42,610	39,733	35,976	35,758