Northern Technologies International Corporation NTIC Income Statement

Northern technologies international corporation (NTIC)

Income statement / TTM

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
53,959	53,577	53,142	54,035	52,298	51,092	48,516	44,155	41,472	38,381	36,346	35,427	33,992	32,710	30,211	28,915	28,543	27,511	27,491	26,443	24,945	24,477	23,601	22,615	21,600	20,558	19,724	18,945	21,080	20,720	20,227	20,266	17,457	17,425	16,594	0	0	0
Net sales, to joint ventures
2,246	2,709	2,607	3,011	2,778	2,883	2,908	3,426	3,409	3,028	3,222	2,757	2,656	2,900	2,721	2,602	2,565	2,621	2,831	3,154	3,295	3,253	3,224	2,919	2,890	2,960	2,777	2,640	2,433	2,520	2,553	2,894	2,998	2,834	2,932	0	0	0
Total net sales
56,205	56,287	55,750	57,046	55,077	53,975	51,424	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
37,717	38,314	37,970	38,555	37,009	35,738	34,165	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total net sales
-	-	-	-	-	-	-	-	-	-	-	-	36,649	35,611	32,933	31,518	31,109	30,133	30,322	29,597	28,240	27,731	26,826	25,535	24,491	23,519	22,501	21,585	23,513	23,241	22,781	23,160	20,456	20,260	19,526	0	0	0
Cost of goods sold
-	-	-	-	-	-	-	-	-	-	-	-	24,659	24,057	22,320	21,417	21,235	20,624	20,555	19,983	19,057	18,451	17,803	16,973	16,358	15,940	15,473	15,074	15,164	15,010	14,528	14,445	13,761	13,287	12,768	0	0	0
Gross profit
18,488	17,973	17,779	18,491	18,067	18,237	17,259	16,028	15,146	13,817	13,252	12,529	11,989	11,553	10,613	10,100	9,874	9,508	9,766	9,614	9,183	9,279	9,022	8,562	8,133	7,578	7,028	6,510	8,349	8,231	8,252	8,714	6,695	6,972	6,757	0	0	0
JOINT VENTURE OPERATIONS:
Equity in income from joint ventures
6,160	6,515	7,225	7,330	7,699	7,790	7,527	7,349	6,789	6,366	5,898	5,486	5,464	5,034	4,743	4,731	4,791	5,313	5,936	6,310	6,178	6,099	5,920	5,921	5,768	5,511	5,237	4,847	5,230	5,316	5,519	5,392	5,293	5,198	5,536	0	0	0
Fees for services provided to joint ventures
5,476	5,657	5,727	5,816	5,891	6,063	6,142	6,135	6,069	5,644	5,452	5,270	5,180	4,967	5,137	5,091	5,043	5,067	5,715	6,406	7,104	8,166	8,142	7,986	7,903	7,616	7,352	6,680	5,496	5,023	4,622	5,130	6,019	6,123	6,129	0	0	0
Total joint venture operations
11,637	12,172	12,953	13,147	13,590	13,853	13,669	13,484	12,858	12,010	11,351	10,757	10,645	10,001	9,881	9,822	9,835	10,380	11,652	12,716	13,282	14,266	14,063	13,908	13,671	13,127	12,590	11,527	10,726	10,340	10,142	10,522	11,313	11,322	11,666	0	0	0
OPERATING EXPENSES:
Selling expenses
11,649	11,044	10,968	10,935	10,958	11,097	10,886	10,595	10,241	9,844	9,283	8,464	7,540	6,769	6,255	6,159	6,086	5,950	5,820	5,465	5,345	5,297	5,221	5,182	5,110	4,993	4,845	4,781	4,808	4,648	4,585	4,396	4,292	4,200	4,090	0	0	0
General and administrative expenses
9,285	8,903	9,349	9,474	8,934	8,776	8,500	7,823	7,518	7,555	7,807	8,290	8,565	8,529	8,232	7,676	7,421	7,167	6,531	6,282	5,887	5,544	5,393	5,012	4,810	4,744	4,605	4,289	4,331	4,288	4,309	4,561	4,540	4,509	4,343	0	0	0
Expenses incurred in support of joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,867	1,869	1,895	1,605	1,408	1,410	1,391	1,346	1,387	1,351	1,310	1,224	1,054	1,007	958	972	1,000	0	0	0
Research and development expenses
3,990	3,911	3,822	3,747	3,603	3,598	3,524	3,376	3,249	3,068	2,912	3,493	3,991	4,363	4,724	4,427	4,260	4,001	4,047	3,995	4,035	4,280	4,368	4,304	4,202	4,015	3,815	3,872	3,937	3,999	3,875	3,912	4,052	3,984	4,364	0	0	0
Total operating expenses
24,925	23,859	24,140	24,157	23,496	23,472	22,911	21,794	21,008	20,468	20,003	20,247	20,097	19,661	19,212	18,620	18,453	18,460	18,267	17,612	17,163	16,728	16,392	15,910	15,516	15,100	14,654	14,293	14,387	14,160	13,825	13,876	13,843	13,666	13,798	0	0	0
OPERATING INCOME
5,200	6,286	6,592	7,481	8,162	8,619	8,017	7,718	6,995	5,360	4,600	3,038	2,537	1,893	1,282	1,302	1,255	1,428	3,151	4,718	5,302	6,817	6,694	6,560	6,288	5,605	4,964	3,744	4,688	4,410	4,569	5,360	4,164	4,628	4,625	0	0	0
INTEREST INCOME
154	114	78	66	78	88	99	109	84	64	43	2	21	31	42	67	45	33	34	31	24	24	11	-10	-8	11	34	68	81	71	54	131	124	112	108	0	0	0
INTEREST EXPENSE
22	16	13	15	13	15	17	18	23	20	20	-2	5	13	13	37	28	20	20	28	29	38	47	20	64	59	52	74	29	29	29	25	27	42	59	0	0	0
OTHER INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	21	27	27	27	27	0	0	0
INCOME BEFORE INCOME TAX EXPENSE
5,333	6,384	6,657	7,532	8,227	8,692	8,098	7,809	7,056	5,403	4,624	1,152	668	28	-572	1,338	1,272	1,442	3,166	4,727	5,303	6,808	6,663	7,199	6,886	6,227	5,617	3,740	4,748	4,467	4,616	5,493	4,289	4,726	4,701	0	0	0
INCOME TAX EXPENSE
1,067	850	841	399	431	1,026	876	1,347	1,403	686	699	844	831	747	626	415	304	461	648	801	1,048	1,110	1,124	1,151	947	928	864	553	1,209	1,069	1,041	1,236	650	690	706	0	0	0
NET INCOME
4,265	5,533	5,815	7,132	7,795	7,665	7,222	6,461	5,653	4,716	3,924	308	-162	-718	-1,198	923	968	980	2,517	3,926	4,255	5,698	5,538	6,048	5,938	5,299	4,753	3,187	3,539	3,398	3,575	4,257	3,639	4,036	3,995	0	0	0
NET INCOME ATTRIBUTABLE TO NON- CONTROLLING INTERESTS
562	608	606	609	612	550	521	517	499	508	502	-285	-322	-383	-330	343	400	433	727	898	1,153	1,442	1,432	1,569	1,511	1,463	1,386	1,006	832	519	127	210	22	77	95	0	0	0
NET INCOME ATTRIBUTABLE TO NTIC
3,703	4,925	5,209	6,522	7,183	7,114	6,701	5,944	5,153	4,208	3,422	594	159	-335	-867	579	567	546	1,789	3,027	3,102	4,256	4,106	4,479	4,426	3,835	3,366	2,180	2,707	2,879	3,448	4,046	3,616	3,959	3,900	0	0	0
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-