National instruments corporation (NATI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net sales:
Total net sales

1,353,215

1,359,132

1,289,386

1,228,179

1,225,456

1,243,862

1,172,558

1,143,692

1,024,173

873,220

676,594

820,537

GSA accrual

-

-

-

-

-

-

-

1,349

-13,107

-

0

-

Cost of sales:
Total cost of sales

336,891

333,727

328,324

313,121

316,956

318,132

305,243

280,274

240,964

200,083

169,884

207,109

Gross profit

1,016,324

1,025,405

961,062

915,058

908,500

925,730

867,315

863,418

783,209

673,137

506,710

613,428

Operating expenses:
Sales and marketing

473,392

482,576

477,921

461,236

452,262

461,845

447,800

431,468

388,768

319,606

269,267

307,409

Research and development

272,452

261,072

231,761

235,706

225,131

227,433

234,796

222,994

199,071

158,149

132,974

143,140

General and administrative

122,768

108,878

105,602

98,390

93,935

91,265

87,418

85,239

82,658

67,069

57,938

67,162

Gain on sale of assets

26,842

0

0

-

-

-

-

-

-

-

-

-

Acquisition related adjustment

-

-

-

-

-

-

-1,316

6,783

-

-

-

-

Total operating expenses

841,770

852,526

815,284

795,332

771,328

780,543

768,698

746,484

670,497

544,824

460,179

517,711

Operating income

174,554

172,879

145,778

119,726

137,172

145,187

98,617

116,934

112,712

128,313

46,531

95,717

Other income:
Interest income

8,129

5,896

2,276

1,122

1,403

1,133

679

716

1,319

1,391

1,629

5,996

Net foreign exchange (loss) gain

-1,846

-3,423

892

-4,632

-7,075

-2,250

-2,578

-2,246

-2,755

-2,585

734

-3,737

Other loss, net

-293

1,101

-1,566

-1,581

-221

-69

450

-567

-142

993

1,351

161

Income before income taxes

180,544

176,453

147,380

114,635

131,279

144,001

97,168

114,837

111,134

128,112

50,245

98,137

Provision for income taxes

18,393

21,396

94,969

31,901

36,017

17,668

16,655

24,700

17,062

18,996

33,160

13,310

Net income

162,151

155,057

52,411

82,734

95,262

126,333

80,513

90,137

94,072

109,116

17,085

84,827

Basic earnings per share (in dollars per share)

1.23

1.17

0.40

0.64

0.74

0.99

0.65

0.74

0.79

0.93

0.15

1.08

Weighted average shares outstanding - basic (in shares)

131,722

131,987

130,300

128,453

127,997

127,030

124,558

121,973

119,836

116,973

116,280

78,567

Diluted earnings per share (in dollars per share)

1.22

1.16

0.40

0.64

0.74

0.99

0.64

0.73

0.78

0.92

0.15

1.07

Weighted average shares outstanding - diluted (in shares)

132,734

133,274

131,387

129,008

128,668

127,799

125,571

122,977

121,220

118,572

117,039

79,515

Dividends declared per share (in dollars per share)

1.00

0.92

0.84

0.80

0.76

0.60

0.56

0.56

0.40

0.35

0.32

0.44

Product
Total net sales

1,215,014

1,220,027

1,173,476

1,116,703

1,113,590

1,143,000

1,091,186

1,054,849

955,613

807,386

623,736

765,441

Total cost of sales

329,364

325,208

318,863

306,730

311,226

312,623

299,854

274,839

235,839

195,096

164,700

201,064

Software maintenance
Total net sales

138,201

139,105

115,910

111,476

111,866

100,862

81,372

87,494

81,667

65,834

52,858

55,096

Total cost of sales

7,527

8,519

9,461

6,391

5,730

5,509

5,389

5,435

5,125

4,987

5,184

6,045