NUVASIVE INC NUVA Income Statement

Nuvasive inc (NUVA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
Total revenue
259,881	310,354	290,835	292,105	274,776	288,327	271,301	281,564	260,522	271,222	247,051	259,399	249,013	271,169	239,649	236,210	215,104	215,282	200,538	202,910	192,383	204,324	189,918	190,677	177,496	190,815	169,156	165,698	159,504	165,754	148,391	154,419	151,691	150,194	132,880	132,966	124,466	129,304	120,262	119,584	109,087	94,916	88,481
Cost of revenue (excluding below amortization of intangible assets)
Total cost of revenue
71,865	83,256	77,028	77,579	74,494	86,129	74,160	77,056	73,814	75,305	65,507	66,186	61,443	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
188,016	227,098	213,807	214,526	200,282	202,198	197,141	204,508	186,708	195,917	181,544	193,213	187,570	204,231	180,453	176,465	160,878	164,049	151,371	154,495	146,719	157,815	142,199	145,841	134,202	141,462	125,865	116,954	120,408	123,558	110,645	117,885	114,758	113,132	106,865	107,458	100,940	106,202	98,682	98,570	89,644	79,042	74,246
Operating expenses:
Sales, marketing and administrative
130,231	160,365	152,887	152,853	145,076	142,201	141,211	145,658	146,766	134,523	125,649	138,967	140,368	142,389	131,886	134,487	124,838	115,950	110,554	114,680	116,096	107,880	113,746	116,970	118,104	113,821	102,085	104,272	99,886	97,713	87,410	92,615	94,678	95,027	85,482	84,323	84,220	84,571	77,717	77,726	74,661	61,720	60,274
Research and development
18,257	19,109	18,143	17,553	17,575	17,094	15,254	14,856	14,491	12,719	12,720	12,572	12,414	12,983	12,516	11,871	10,629	8,606	9,189	8,774	9,264	8,896	9,068	10,067	9,455	7,555	7,248	7,712	9,694	8,398	7,575	9,335	9,988	7,289	10,092	10,258	10,769	8,937	10,085	11,205	10,699	9,874	8,178
Amortization of intangible assets
12,649	12,599	12,596	12,277	13,625	13,268	12,349	12,628	12,425	12,999	11,630	11,349	12,061	12,089	11,438	10,603	7,871	3,479	3,067	2,974	2,996	3,029	3,071	3,473	3,998	5,063	4,974	4,913	4,376	3,600	3,081	2,903	2,846	2,368	1,504	1,395	1,342	1,360	1,342	1,355	1,350	1,364	1,372
Purchase of in-process research and development
-	-	-	-	-	-	8,913	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,708	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation liability loss
-	-	-	-	-	0	0	1,195	-28,995	-	-750	-	-	-	-	43,310	-	-681	500	-568	42,575	0	0	0	-30,000	-	0	0	0	-	-	-	-	-	101,200	-	-	-	-	-	-	-	-
Business transition costs
-1,400	-7,146	-300	1,646	3,800	3,847	1,400	4,000	2,253	2,531	345	1,369	55	6,624	3,451	2,756	5,307	5,789	950	1,636	5,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
159,697	184,932	183,293	184,329	180,109	176,342	179,170	175,945	204,930	166,509	151,094	164,257	164,898	174,085	159,291	116,407	148,645	134,505	123,260	128,632	91,154	133,253	125,885	141,218	161,557	126,439	114,307	116,897	113,956	119,411	98,066	104,853	107,512	122,851	198,278	95,976	96,331	94,868	89,144	90,286	86,710	72,958	69,824
Interest and other expense, net:
Interest income
731	561	620	327	409	206	130	116	134	85	79	139	137	167	190	406	328	464	362	344	419	277	241	233	217	195	157	231	172	254	249	204	208	241	257	151	183	193	200	178	189	203	383
Interest expense
11,517	9,708	9,654	9,650	9,513	9,399	9,035	9,956	9,467	9,241	8,898	10,083	9,799	10,532	10,979	10,537	8,472	7,403	7,307	7,242	7,126	7,102	6,965	6,979	6,865	6,782	6,712	6,652	7,032	7,028	6,885	6,972	6,825	6,971	7,276	1,915	1,771	1,667	1,668	1,668	1,669	1,609	2,060
Loss on repurchases of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,641	0	0	-17,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income, net
-7,408	128	-5,696	9	-366	-331	4,239	-2,379	-9,703	-1,160	-139	-501	258	-203	94	-246	50	-105	387	-281	424	-92	-2,489	-205	375	164	3,137	-440	240	901	260	-551	437	-225	1,726	80	497	-345	-6	-30	117	188	93
Total interest and other expense, net
-18,194	-9,019	-14,730	-9,314	-9,470	-9,524	-4,666	-12,219	-19,036	-10,316	-8,958	-10,445	-9,404	-12,209	-10,695	-10,377	-25,538	-7,044	-6,558	-7,179	-6,283	-6,917	-9,213	-6,951	-6,273	-6,423	-3,418	-6,861	-6,620	-5,873	-6,376	-7,319	-6,180	-6,955	-5,293	-1,684	-1,091	-1,819	-1,474	-1,520	-1,363	-1,218	-1,584
Income before income taxes
10,125	33,147	15,784	20,883	10,703	16,332	13,305	16,344	-37,258	19,092	21,492	18,511	13,268	17,937	10,467	49,681	-13,305	22,500	21,553	18,684	49,282	17,645	7,101	-2,328	-33,628	8,600	8,140	-6,804	-168	-1,726	6,203	5,713	1,066	-16,674	-96,706	9,798	3,518	9,515	8,064	6,764	1,571	4,866	2,838
Income tax expense
4,827	3,271	4,774	5,921	1,317	4,175	-2,618	4,813	-10,126	-3,949	-11,604	6,776	1,285	11,926	6,972	19,891	-9,480	11,397	8,803	8,644	17,885	10,351	9,088	1,942	-15,095	2,763	860	-76	-764	1,050	4,064	3,103	597	-6,328	-29,031	4,776	1,540	-52,018	-40	574	865	430	526
Consolidated net income
-	-	-	-	-	-	-	-	-	23,041	33,096	11,735	11,983	6,011	3,495	29,790	-3,825	11,103	12,750	10,040	31,397	7,294	-1,987	-4,270	-18,533	5,837	7,280	-6,728	596	-2,776	2,139	2,610	469	-10,346	-67,675	5,022	1,978	61,533	8,104	6,190	706	4,436	2,312
Add back net loss attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-436	-432	-432	-443	-410	-431	-423	-457	-400	-210	-228	-163	-180	-157	-182	-257	-172	-231	-259	-255	-30	-215	-253	-204	-1,072	-123	-358	381	-399	-438	-533	-382	-628	-453
Consolidated net income
5,298	29,876	11,010	14,962	9,386	12,157	15,923	11,531	-27,132	23,477	33,528	12,167	12,426	6,421	3,926	30,213	-3,368	11,503	12,960	10,268	31,560	7,474	-1,830	-4,088	-18,276	6,009	7,511	-6,469	851	-2,746	2,354	2,863	673	-10,036	-67,552	5,380	2,359	61,932	8,542	6,723	1,088	5,064	2,765
Net income per share:
Basic
0.10	0.58	0.21	0.29	0.18	0.24	0.31	0.22	-0.53	0.45	0.66	0.24	0.25	0.13	0.08	0.60	-0.07	0.23	0.26	0.21	0.66	0.17	-0.04	-0.09	-0.40	0.14	0.17	-0.15	0.02	-	0.05	0.07	-	-	-1.69	0.14	-	-	0.22	0.17	-	0.13	0.07
Diluted
0.10	0.55	0.21	0.29	0.18	0.25	0.30	0.22	-0.53	0.41	0.64	0.21	0.22	0.12	0.07	0.57	-0.07	0.21	0.24	0.20	0.61	0.17	-0.04	-0.09	-0.40	0.14	0.16	-0.15	0.02	-	0.05	0.06	-	-	-1.69	0.13	-	-	0.21	0.17	-	0.13	0.07
Weighted average shares outstanding:
Basic and diluted (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-	-	-	0.06	-	-	-	0.03	-	-
Basic
51,837	52,125	52,057	51,967	51,675	51,507	51,439	51,356	51,226	51,101	50,747	51,082	50,566	50,400	50,264	50,027	49,617	49,221	48,993	48,545	47,989	92,992	46,990	46,832	45	44,835	44,572	44,412	44,025	-129,505	43,488	43,347	42,844	42,194	39,892	39,786	39,616	39,470	39,394	39,242	38,898	37,733	36,910
Diluted
53,727	54,644	53,056	52,460	52,480	53,049	53,189	51,956	51,226	51,862	52,794	58,330	57,786	57,850	55,782	53,159	49,617	53,100	53,199	51,681	51,716	92,992	46,990	46,832	45	50,196	47,220	44,412	45,316	-132,272	44,735	44,318	43,397	40,217	39,892	40,868	40,511	60,905	40,396	40,694	40,061	39,216	38,301
Product [Member]
Total revenue
234,687	279,234	260,173	261,381	243,823	258,225	242,030	252,687	233,515	248,871	227,321	237,824	224,955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
51,645	63,211	57,164	57,613	54,486	66,375	54,741	58,202	55,191	60,015	50,856	50,535	45,901	22,438	59,196	59,745	54,226	51,233	49,167	48,415	45,664	46,509	47,719	44,836	43,294	49,353	43,291	48,744	39,096	42,196	37,746	36,534	36,933	37,062	26,015	25,508	23,526	23,102	21,580	21,014	19,443	15,874	14,235
Service [Member]
Total revenue
25,194	31,120	30,662	30,724	30,953	30,102	29,271	28,877	27,007	22,351	19,730	21,575	24,058	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
20,220	20,045	19,864	19,966	20,008	19,754	19,419	18,854	18,623	15,290	14,651	15,651	15,542	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-