NOVANTA INC. NOVT Income Statement

Novanta inc. (NOVT)

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
Revenue
626,099	614,337	521,290	384,758	373,598	364,706	316,910	243,796	304,296	285,892	254,388
Cost of revenue
364,014	352,809	300,759	222,306	215,708	214,539	184,683	138,278	171,196	155,278	155,842
Gross profit
262,085	261,528	220,531	162,452	157,890	150,167	132,227	105,518	133,100	130,614	98,546
Operating expenses:
Research and development and engineering
55,965	51,024	41,673	32,002	31,043	28,954	23,787	18,530	23,454	22,297	28,254
Selling, general and administrative
118,407	115,900	101,654	81,299	82,049	84,380	76,337	59,707	67,877	64,535	60,422
Amortization of purchased intangible assets
15,857	15,550	12,096	8,251	7,611	10,262	7,270	2,650	3,515	4,436	5,805
Restructuring and acquisition related costs
16,574	8,041	7,542	7,945	8,254	1,935	5,387	4,369	2,406	3,319	16,291
Impairment of goodwill and intangible assets
-	-	-	-	-	41,442	-	0	-	-	1,045
Post-emergence professional fees
-	-	-	-	-	-	-	-	-	-	6,966
Total operating expenses
206,803	190,515	162,965	129,497	128,957	166,973	112,781	85,256	97,252	94,587	118,783
Operating income
55,282	71,013	57,566	32,955	28,933	-16,806	19,446	20,262	35,848	36,027	-20,237
Interest income (expense), net
-8,493	-9,814	-7,165	-4,559	-5,180	-5,096	-3,468	-2,792	-12,977	-19,829	-
Interest income
-	-	-	-	-	-	-	-	-	-	294
Interest expense
-	-	-	-	-	-	-	-	-	-	27,751
Foreign exchange transaction gains (losses), net
-780	147	-447	2,317	-23	1,281	-1,301	-1,347	172	204	-816
Other income (expense), net
-243	-44	-229	1,809	2,663	2,706	1,500	579	1,177	1,781	206
Gain on acquisition of business
-	-	26,409	-	-	-	-	-	-	-	-
Gain on disposal of business
-	-	-	-	19,629	-	-	-	-	-	-
Income from continuing operations before reorganization items and income taxes
-	-	-	-	-	-	-	-	-	18,183	-48,304
Reorganization items
-	-	-	-	-	-	-	-	-	26,156	23,606
Income before income taxes
45,766	61,302	76,134	32,522	46,022	-17,915	16,177	16,702	24,220	-7,973	-71,910
Income tax provision (benefit)
4,993	10,207	13,827	10,519	10,394	-1,006	6,200	-11,595	2,544	11,952	-773
Income from continuing operations
-	-	-	-	35,628	-16,909	9,977	28,297	21,676	-19,925	-71,137
Loss from discontinued operations, net of tax
-	-	-	-	-13	-5,607	-2,054	-10,974	7,325	19,286	-132
Loss on disposal of discontinued operations, net of tax
-	-	-	-	-	-1,726	-592	2,255	-	-	-
Consolidated net income
40,773	51,095	62,307	22,003	35,615	-24,242	7,331	19,578	29,001	-639	-71,269
Less: Net income attributable to noncontrolling interest
-	1,986	2,256	-	-	10	22	40	28	48	61
Net income attributable to Novanta Inc.
40,773	49,109	60,051	22,003	35,615	-24,252	7,309	19,538	28,973	-687	-71,330
Earnings per common share from continuing operations (Note 9):
Basic
-	-	-	-	1.03	-0.49	0.29	0.84	0.65	-0.84	-4.47
Diluted
-	-	-	-	1.02	-0.49	0.29	0.84	0.64	-0.84	-4.47
Loss per common share from discontinued operations:
Basic
-	-	-	-	0.00	-0.21	-0.08	-0.26	0.22	0.81	-0.01
Diluted
-	-	-	-	0.00	-0.21	-0.08	-0.26	0.22	0.81	-0.01
Earnings per common share (Note 5):
Basic
1.16	1.46	1.14	0.63	1.03	-0.70	0.21	0.58	0.87	-0.03	-4.48
Diluted
1.15	1.43	1.13	0.63	1.02	-0.70	0.21	0.58	0.86	-0.03	-4.48
Weighted average common shares outstanding—basic
35,030	34,913	34,817	34,694	34,579	34,352	34,073	33,775	33,481	23,703	15,916
Weighted average common shares outstanding—diluted
35,546	35,473	35,280	34,914	34,827	34,352	34,396	33,936	33,589	23,703	15,916
Income from continuing operations
-	-	-	-	35,628	-16,909	9,977	28,297	21,648	-19,973	-71,198
Loss from discontinued operations
-	-	-	-	-13	-7,343	-2,668	-8,759	7,325	19,286	-132
Net income attributable to Novanta Inc.
40,773	49,109	60,051	22,003	35,615	-24,252	7,309	19,538	28,973	-687	-71,330