Nuvasive inc (NUVA)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenue
Total revenue

1,168,070

1,101,714

1,026,685

962,132

811,113

762,415

685,173

620,255

540,506

478,237

370,340

250,082

Cost of revenue (excluding below amortization of intangible assets)
Total cost of revenue

312,357

311,159

268,441

240,105

-

-

-

-

-

-

-

-

Gross profit

855,713

790,555

758,244

722,027

616,634

580,057

504,689

466,846

428,395

393,098

309,230

211,074

Operating expenses:
Sales, marketing and administrative

611,181

575,836

539,507

533,600

457,280

456,700

420,064

372,416

349,052

314,675

254,997

189,126

Research and development

72,380

61,695

50,425

47,999

35,833

37,486

32,209

35,296

38,408

40,926

37,581

25,943

Amortization of intangible assets

51,097

50,670

48,039

42,001

12,516

13,571

19,326

12,430

6,609

5,407

5,335

2,989

Purchase of in-process research and development

-

8,913

-

-

-

-

-

-

-

-

-

20,876

Impairment of intangible assets

-

-

-

-

-

10,708

-

9,700

18,167

0

-

-

Litigation liability loss

-

-27,800

-4,500

43,310

41,826

-30,000

-

-

101,200

0

-

-

Business transition costs

-2,000

11,500

4,300

18,138

13,748

13,448

-

-

-

-

-

-

Total operating expenses

732,663

736,387

646,758

598,428

477,551

561,913

471,599

429,842

513,436

361,008

297,913

238,934

Interest and other expense, net:
Interest income

1,917

586

440

1,091

1,589

968

755

915

832

760

1,507

5,599

Interest expense

38,525

37,857

38,021

40,520

29,078

27,911

27,178

27,710

17,933

6,672

7,116

5,571

Loss on repurchases of convertible notes

-

-

-

-19,085

-

-

-

-

-

-

-

-

Other (expense) income, net

-5,925

-8,174

-1,542

-305

425

-2,411

3,101

1,047

2,078

-264

461

304

Total interest and other expense, net

-42,533

-45,445

-39,123

-58,819

-27,064

-29,354

-23,322

-25,748

-15,023

-6,176

-5,148

332

Income before income taxes

80,517

8,723

72,363

64,780

112,019

-11,210

9,768

11,256

-100,064

25,914

6,169

-27,528

Income tax expense

15,283

-3,756

-7,492

29,309

46,729

6,286

2,783

8,814

-29,043

-50,619

1,732

-

Consolidated net income

65,234

12,479

79,855

35,471

65,290

-17,496

6,985

2,442

-71,021

76,533

4,437

-27,528

Add back net loss attributable to non-controlling interests

-

-

-1,743

-1,721

-1,001

-776

-917

-702

-1,172

-1,752

-1,371

-

Consolidated net income

65,234

12,479

81,598

37,192

66,291

-16,720

7,902

3,144

-69,849

78,285

5,808

-27,528

Net income per share:
Basic

1.26

0.24

1.60

0.74

1.36

-0.36

0.18

0.07

-1.73

1.99

0.16

-0.77

Diluted

1.23

0.24

1.48

0.69

1.26

-0.36

0.17

0.07

-1.73

1.85

0.15

-0.77

Weighted average shares outstanding:
Basic

51,956

51,382

50,874

50,077

48,687

46,715

44,461

43

40,372

39,251

37,426

35,807

Diluted

53,160

52,355

55,193

54,102

52,424

46,715

46,786

44

40,372

45,514

38,751

35,807

Product [Member]
Total revenue

1,044,611

986,457

938,971

893,544

-

-

-

-

-

-

-

-

Total cost of revenue

232,474

234,509

207,307

195,605

194,479

182,358

180,484

153,409

112,111

85,139

61,110

39,008

Service [Member]
Total revenue

123,459

115,257

87,714

68,588

-

-

-

-

-

-

-

-

Total cost of revenue

79,883

76,650

61,134

44,500

-

-

-

-

-

-

-

-