Novanta inc. (NOVT)
Income statement / TTM
Apr'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

624,381

626,099

622,575

629,303

624,558

614,337

605,077

590,579

559,281

521,290

473,251

424,784

403,416

384,758

376,098

370,540

369,300

373,598

377,391

379,776

380,187

364,706

352,906

338,108

320,972

316,910

273,409

263,071

253,681

243,796

256,210

265,394

277,624

304,296

344,716

351,749

0

0

0

Cost of revenue

364,140

364,014

361,944

363,092

358,900

352,809

345,814

342,243

322,685

300,759

272,109

241,137

231,762

222,306

219,869

215,613

214,524

215,708

216,402

219,014

222,119

214,539

208,271

198,995

187,271

184,683

157,061

152,031

145,213

138,278

147,388

150,840

156,737

171,196

192,293

195,855

0

0

0

Gross profit

260,241

262,085

260,631

266,211

265,658

261,528

259,263

248,336

236,596

220,531

201,142

183,647

171,654

162,452

156,229

154,927

154,776

157,890

160,989

160,762

158,068

150,167

144,635

139,113

133,701

132,227

116,348

111,040

108,468

105,518

108,822

114,554

120,887

133,100

152,423

155,894

0

0

0

Operating expenses:
Research and development and engineering

57,302

55,965

54,476

53,869

53,032

51,024

49,539

47,994

44,447

41,673

37,851

34,153

33,165

32,002

31,324

31,056

30,880

31,043

31,585

31,627

31,312

28,954

26,942

25,238

23,828

23,787

19,559

19,073

18,573

18,530

20,154

20,792

21,056

23,454

27,493

28,709

0

0

0

Selling, general and administrative

117,315

118,407

117,279

118,500

118,527

115,900

114,978

113,421

108,000

101,654

93,216

86,598

82,986

81,299

81,437

80,444

81,168

82,049

84,809

86,342

86,830

84,380

81,808

79,302

77,266

76,337

67,602

64,721

62,188

59,707

62,518

63,020

64,817

67,877

75,183

76,129

0

0

0

Amortization of purchased intangible assets

15,304

15,857

15,752

15,729

15,850

15,550

14,221

13,491

12,945

12,096

11,511

10,360

8,992

8,251

8,171

7,957

7,830

7,611

8,392

9,383

10,407

10,262

9,108

8,037

6,778

7,270

6,287

5,178

4,224

2,650

2,650

2,861

3,185

3,515

3,961

4,213

0

0

0

Restructuring and acquisition related costs

16,181

16,574

15,149

11,944

10,070

8,041

6,115

7,608

6,750

7,542

8,349

3,680

5,804

7,945

9,850

12,064

8,775

8,254

4,218

3,610

3,554

1,935

2,612

3,394

3,777

5,387

1,697

2,872

4,580

4,369

9,666

6,952

4,440

2,406

472

1,469

0

0

0

Post-emergence professional fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

Total operating expenses

206,102

206,803

202,656

200,042

197,479

190,515

184,853

182,514

172,142

162,965

150,927

134,791

130,947

129,497

130,782

131,521

128,653

128,957

170,446

172,404

173,545

166,973

120,470

115,971

111,649

112,781

95,145

91,844

89,565

85,256

94,692

93,392

93,359

97,252

107,886

111,234

0

0

0

Operating income

54,139

55,282

57,975

66,169

68,179

71,013

74,410

65,822

64,454

57,566

50,215

48,856

40,707

32,955

25,447

23,406

26,123

28,933

-9,457

-11,642

-15,477

-16,806

24,165

23,142

22,052

19,446

21,203

19,196

18,903

20,262

14,130

21,162

27,528

35,848

44,537

44,660

0

0

0

Interest income (expense), net

-8,127

-8,493

-8,856

-9,099

-9,500

-9,814

-9,606

-9,321

-8,195

-7,165

-5,962

-4,932

-4,702

-4,559

-4,631

-4,798

-4,968

-5,180

-5,451

-5,656

-5,656

-5,096

-4,473

-3,861

-3,407

-3,468

-3,309

-3,124

-2,881

-2,792

-5,397

-8,138

0

-

0

0

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Foreign exchange transaction gains (losses), net

-567

-780

766

445

595

147

-435

-1,162

-853

-447

1,163

2,012

2,233

2,317

3,208

3,403

-457

-23

-1,922

-1,275

1,817

1,281

612

-2,141

-2,539

-1,301

-1,353

-315

764

-1,347

-699

717

-28

172

-535

-1,372

0

0

0

Other income (expense), net

-92

-243

-99

-95

-71

-44

-72

-166

-239

-229

-178

646

1,035

1,809

-17,279

-17,087

2,677

2,663

22,614

22,469

2,854

2,706

2,029

1,838

1,712

1,500

1,384

1,009

761

579

315

25

334

1,177

1,671

2,875

0

0

0

Gain on acquisition of business

-

-

-

-

-

-

-

-

-

26,409

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations before reorganization items and income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Reorganization items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Income before income taxes

45,353

45,766

49,786

57,420

59,203

61,302

64,297

55,173

55,167

76,134

71,647

72,991

65,682

32,522

26,374

24,553

43,004

46,022

5,784

3,896

-16,462

-17,915

22,333

18,978

17,818

16,177

17,925

16,766

17,547

16,702

8,927

14,487

17,698

24,220

25,059

12,464

0

0

0

Income tax provision (benefit)

4,886

4,993

6,586

8,154

8,692

10,207

15,169

12,668

14,297

13,827

11,261

13,501

11,311

10,519

6,024

5,105

8,916

10,394

4,549

4,110

-143

-1,006

6,253

5,773

6,734

6,200

-8,051

-9,021

-11,422

-11,595

173

461

1,207

2,544

4,446

4,233

0

0

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

13,205

11,084

9,977

25,976

25,787

28,969

28,297

14,926

19,803

0

-

0

0

-

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-5,607

-5,228

-5,140

-4,289

-2,054

-8,783

-13,168

-10,927

-10,974

-2,345

5,368

0

-

0

0

-

-

-

Loss on disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income

40,467

40,773

43,200

49,266

50,511

51,095

49,128

42,505

40,870

62,307

60,386

59,490

54,371

22,003

0

0

0

-

-

-

-

-24,242

10,531

7,784

6,203

7,331

18,856

14,563

20,297

19,578

7,613

18,944

24,138

29,001

25,245

11,374

0

0

0

Less: Net income attributable to noncontrolling interest

-

-

-

-

-

1,986

2,798

3,197

3,160

2,256

0

0

0

-

-

-

-

-

-

-

-

10

-10

-22

-7

22

37

68

58

40

38

-10

-9

28

6

46

0

0

0

Net income attributable to Novanta Inc.

-

-

43,200

48,831

-

49,109

46,330

39,308

37,710

60,051

58,942

58,880

54,349

22,003

20,350

19,448

34,075

35,615

-973

-3,016

-21,789

-24,252

10,541

7,806

6,210

7,309

18,819

14,495

20,239

19,538

7,575

18,954

24,147

28,973

25,239

11,328

0

0

0

Earnings per common share from continuing operations (Note 9):
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.14

0.05

0.18

0.19

0.56

0.10

-0.82

0.15

0.10

0.08

0.14

0.07

0.03

0.05

0.62

0.06

0.13

0.03

-

0.22

0.21

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.14

0.05

0.17

0.19

0.56

0.10

-0.82

0.15

0.10

0.08

0.14

0.07

0.03

0.05

0.62

0.06

0.13

0.03

-

0.22

0.21

-

-

-

Loss per common share from discontinued operations:
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-0.06

-0.02

-0.08

-0.05

-0.01

-0.02

-0.06

0.01

-0.15

-0.13

0.01

0.01

-

0.04

0.09

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-0.06

-0.02

-0.08

-0.05

-0.01

-0.02

-0.06

0.01

-0.15

-0.13

0.01

0.01

-

0.04

0.09

-

-

-

Earnings per common share (Note 5):
Basic

0.34

0.26

0.25

0.30

0.35

0.34

0.61

0.32

0.19

-0.01

0.00

0.16

0.99

0.22

0.22

0.14

0.05

0.18

0.19

0.56

0.10

-0.88

0.13

0.02

0.03

0.13

0.05

-0.03

0.06

0.47

-0.07

0.14

0.04

0.12

0.26

0.30

0.19

0.00

-0.32

Diluted

0.34

0.26

0.25

0.29

0.35

0.33

0.60

0.32

0.18

-0.01

0.00

0.16

0.98

0.23

0.21

0.14

0.05

0.17

0.19

0.56

0.10

-0.88

0.13

0.02

0.03

0.13

0.05

-0.03

0.06

0.47

-0.07

0.14

0.04

0.11

0.26

0.30

0.19

0.00

-0.32

Weighted average common shares outstanding—basic

35,152

35,090

35,074

34,998

34,958

34,917

34,899

34,949

34,887

34,843

34,833

34,827

34,765

34,708

34,677

34,734

34,657

34,581

34,599

34,630

34,506

34,414

34,389

34,378

34,227

34,119

34,102

34,088

33,983

33,836

33,803

33,782

33,679

33,508

33,489

33,478

33,449

29,551

15,967

Weighted average common shares outstanding—diluted

35,561

35,622

35,585

35,503

35,474

35,505

35,485

35,474

35,428

35,699

34,833

35,463

35,125

34,988

34,928

34,887

34,853

34,225

35,055

35,029

34,999

33,239

34,793

34,707

34,669

34,611

34,417

34,285

34,271

34,001

33,912

33,953

33,878

33,641

33,588

33,595

33,532

29,565

15,967

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,628

34,644

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Novanta Inc.

-

-

43,200

48,831

-

49,109

46,330

39,308

37,710

60,051

58,942

58,880

54,349

22,003

20,350

19,448

34,075

35,615

-973

-3,016

-21,789

-24,252

10,541

7,806

6,210

7,309

18,819

14,495

20,239

19,538

7,575

18,954

24,147

28,973

25,239

11,328

0

0

0