Northern Technologies International Corporation NTIC Income Statement

Northern technologies international corporation (NTIC)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10
NET SALES:
Net sales, excluding joint ventures
12,988	14,045	13,144	13,780	12,606	13,610	14,036	12,044	11,399	11,035	9,675	9,360	8,309	9,000	8,757	7,925	7,027	6,501	7,460	7,553	5,995	6,480	6,413	6,056	5,527	5,605	5,427	5,041	4,485	4,770	4,648	7,175	4,125	4,277	4,687	4,367	4,093	3,446
Net sales, to joint ventures
245	585	303	1,112	708	483	706	879	814	507	1,225	862	433	701	760	761	677	523	641	723	733	733	964	864	691	704	659	835	761	521	521	629	848	554	862	733	685	652
Total net sales
13,233	14,631	13,447	14,893	13,315	14,094	14,743	12,923	12,213	11,543	-	10,223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
8,687	9,805	9,086	10,138	9,284	9,461	9,671	8,592	8,012	7,888	-	6,774	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net sales
-	-	-	-	-	-	-	-	-	-	-	-	8,742	9,702	9,517	8,686	7,704	7,024	8,102	8,277	6,728	7,214	7,377	6,920	6,219	6,309	6,086	5,877	5,246	5,291	5,170	7,804	4,974	4,832	5,549	5,100	4,778	4,098
Cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	5,870	6,612	6,399	5,777	5,268	4,875	5,496	5,595	4,657	4,806	4,923	4,669	4,051	4,158	4,093	4,054	3,633	3,690	3,695	4,143	3,480	3,209	3,612	3,458	3,006	2,690
Gross profit
4,546	4,826	4,360	4,754	4,031	4,632	5,072	4,331	4,201	3,654	3,841	3,449	2,872	3,089	3,118	2,909	2,436	2,149	2,605	2,682	2,070	2,407	2,453	2,251	2,167	2,151	1,992	1,822	1,612	1,600	1,474	3,661	1,494	1,622	1,936	1,641	1,771	1,407
JOINT VENTURE OPERATIONS:
Equity in income from joint ventures
1,360	1,293	1,628	1,877	1,715	2,004	1,733	2,246	1,805	1,741	1,555	1,686	1,383	1,274	1,142	1,664	952	983	1,130	1,724	1,474	1,606	1,503	1,593	1,395	1,427	1,504	1,440	1,138	1,154	1,114	1,822	1,224	1,357	986	1,724	1,129	1,695
Fees for services provided to joint ventures
1,256	1,358	1,428	1,433	1,436	1,428	1,517	1,508	1,608	1,507	1,511	1,442	1,184	1,315	1,329	1,351	971	1,485	1,282	1,303	994	2,133	1,973	2,001	2,057	2,109	1,817	1,917	1,770	1,846	1,145	734	1,298	1,445	1,652	1,623	1,402	1,451
Total joint venture operations
2,617	2,652	3,057	3,311	3,151	3,432	3,251	3,754	3,414	3,248	3,066	3,128	2,567	2,589	2,472	3,016	1,923	2,469	2,413	3,028	2,469	3,740	3,477	3,595	3,453	3,537	3,322	3,358	2,909	3,000	2,259	2,557	2,522	2,802	2,639	3,348	2,531	3,146
OPERATING EXPENSES:
Selling expenses
3,110	2,887	2,890	2,761	2,505	2,811	2,857	2,784	2,643	2,599	2,566	2,430	2,246	2,039	1,747	1,507	1,475	1,525	1,651	1,434	1,339	1,394	1,296	1,315	1,291	1,318	1,256	1,243	1,174	1,171	1,192	1,270	1,014	1,108	1,002	1,167	921	999
General and administrative expenses
2,345	2,049	2,363	2,527	1,963	2,495	2,487	1,987	1,805	2,219	1,810	1,682	1,842	2,471	2,293	1,957	1,806	2,174	1,737	1,703	1,552	1,538	1,488	1,307	1,209	1,387	1,107	1,105	1,143	1,248	790	1,147	1,100	1,270	1,042	1,126	1,069	1,104
Expenses incurred in support of joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	356	327	656	527	358	353	366	329	360	335	321	369	324	294	235	200	277	244	249	228
Research and development expenses
1,006	961	1,017	1,005	927	872	943	860	922	798	794	733	742	642	1,375	1,231	1,113	1,004	1,078	1,064	854	1,049	1,026	1,104	1,099	1,138	962	1,002	912	938	1,019	1,067	974	814	1,055	1,207	907	1,193
Total operating expenses
6,461	5,898	6,271	6,293	5,396	6,179	6,288	5,632	5,371	5,618	5,171	4,847	4,831	5,153	5,415	4,697	4,395	4,703	4,824	4,530	4,402	4,510	4,169	4,081	3,967	4,174	3,687	3,687	3,551	3,727	3,327	3,780	3,325	3,393	3,378	3,747	3,147	3,525
OPERATING INCOME
701	1,580	1,146	1,772	1,787	1,886	2,035	2,453	2,244	1,284	1,736	1,729	608	525	174	1,228	-35	-85	194	1,181	137	1,637	1,761	1,765	1,653	1,514	1,627	1,493	969	873	407	2,438	691	1,032	1,197	1,242	1,156	1,029
INTEREST INCOME
55	49	26	24	15	12	14	35	24	24	24	10	4	3	-16	29	14	14	9	7	2	15	5	1	2	1	-16	2	22	25	18	15	12	8	95	8	0	3
INTEREST EXPENSE
9	5	2	5	3	2	3	3	5	5	4	7	3	4	-17	15	10	4	6	6	3	5	14	7	11	13	-12	50	6	6	9	6	7	5	6	7	22	23
OTHER INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	0	-	-	0	2	-	-	-	-	-	-	-	-	-	1	6	6	6	6	6	6	6
INCOME BEFORE INCOME TAX EXPENSE
747	1,623	1,170	1,791	1,798	1,896	2,046	2,485	2,263	1,303	1,756	1,733	609	524	-1,714	1,249	-30	-76	195	1,183	139	1,647	1,757	1,759	1,643	1,502	2,294	1,445	985	892	416	2,454	703	1,041	1,293	1,250	1,141	1,016
INCOME TAX EXPENSE
463	264	189	150	246	255	-252	181	841	104	219	237	124	117	363	225	40	-3	153	114	197	183	305	361	259	198	332	158	240	134	21	814	100	106	216	228	140	122
NET INCOME
283	1,359	981	1,640	1,552	1,641	2,298	2,304	1,421	1,198	1,537	1,495	484	406	-2,078	1,023	-71	-72	42	1,069	-58	1,464	1,451	1,398	1,384	1,304	1,962	1,287	745	758	395	1,640	603	935	1,077	1,022	1,001	894
NET INCOME ATTRIBUTABLE TO NON- CONTROLLING INTERESTS
103	146	152	158	150	144	156	161	88	114	152	143	98	109	-635	106	36	161	38	163	70	455	209	418	359	445	346	360	310	368	-33	186	-2	-23	49	-1	52	-4
NET INCOME ATTRIBUTABLE TO NTIC
179	1,212	828	1,482	1,401	1,497	2,142	2,142	1,332	1,083	1,385	1,352	386	297	-1,442	917	-107	-234	4	905	-128	1,008	1,242	980	1,025	858	1,615	927	434	389	429	1,454	606	958	1,027	1,023	949	899
NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE:
Basic (in dollars per share)
0.02	0.13	0.09	0.16	0.16	0.16	-0.03	0.24	0.29	0.24	0.30	0.30	0.09	0.07	-0.32	0.20	-0.02	-0.05	0.01	0.20	-0.03	0.22	0.28	0.22	0.23	0.19	0.36	0.21	0.10	0.09	0.10	0.33	0.14	0.22	-4,343,600.53	4,343,601.00	0.22	0.21
Diluted (in dollars per share)
0.02	0.13	0.08	0.16	0.15	0.16	-0.04	0.23	0.29	0.24	0.29	0.30	0.09	0.07	-0.32	0.20	-0.02	-0.05	-0.01	0.20	-0.03	0.22	0.28	0.21	0.22	0.19	0.35	0.21	0.10	0.09	0.09	0.33	0.14	0.22	-4,427,096.54	4,427,097.00	0.22	0.21
WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING:
Basic (in shares)
9,097	9,095	9,089	9,084	9,084	9,084	18,157	9,078	4,537	4,537	4,530	4,526	4,525	4,531	4,535	4,538	4,537	4,538	4,520	4,525	4,522	4,518	4,487	4,461	4,434	4,434	4,440	4,421	4,418	4,406	4,412	4,399	4,398	4,355	8,698	0	4,340	4,264
Diluted (in shares)
9,461	9,407	9,345	9,392	9,447	9,478	18,785	9,414	4,673	4,608	4,597	4,591	4,562	4,558	4,510	4,563	4,537	4,538	4,819	4,594	4,522	4,659	4,595	4,590	4,579	4,552	4,509	4,468	4,485	4,440	4,445	4,461	4,466	4,433	8,871	0	4,419	4,324
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)
0.06	0.06	0.06	0.06	0.06	0.06	-0.05	0.05	0.10	0.10	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-