NUVASIVE INC NUVA Income Statement

Nuvasive inc (NUVA)

Income statement / TTM

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
1,153,175	1,168,070	1,146,043	1,126,509	1,115,968	1,101,714	1,084,609	1,060,359	1,038,194	1,026,685	1,026,632	1,019,230	996,041	962,132	906,245	867,134	833,834	811,113	800,155	789,535	777,302	762,415	748,906	728,144	703,165	685,173	660,112	639,347	628,068	620,255	604,695	589,184	567,731	540,506	519,616	506,998	493,616	478,237	443,849	412,068	0	0	0
Cost of revenue (excluding below amortization of intangible assets)
Total cost of revenue
309,728	312,357	315,230	312,362	311,839	311,159	300,335	291,682	280,812	268,441	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
843,447	855,713	830,813	814,147	804,129	790,555	784,274	768,677	757,382	758,244	766,558	765,467	748,719	722,027	681,845	652,763	630,793	616,634	610,400	601,228	592,574	580,057	563,704	547,370	518,483	504,689	486,785	471,565	472,496	466,846	456,420	452,640	442,213	428,395	421,465	413,282	404,394	393,098	365,938	341,502	0	0	0
Operating expenses:
Sales, marketing and administrative
596,336	611,181	593,017	581,341	574,146	575,836	568,158	552,596	545,905	539,507	547,373	553,610	549,130	533,600	507,161	485,829	466,022	457,280	449,210	452,402	454,692	456,700	462,641	450,980	438,282	420,064	403,956	389,281	377,624	372,416	369,730	367,802	359,510	349,052	338,596	330,831	324,234	314,675	291,824	274,381	0	0	0
Research and development
73,062	72,380	70,365	67,476	64,779	61,695	57,320	54,786	52,502	50,425	50,689	50,485	49,784	47,999	43,622	40,295	37,198	35,833	36,123	36,002	37,295	37,486	36,145	34,325	31,970	32,209	33,052	33,379	35,002	35,296	34,187	36,704	37,627	38,408	40,056	40,049	40,996	40,926	41,863	39,956	0	0	0
Amortization of intangible assets
50,121	51,097	51,766	51,519	51,870	50,670	50,401	49,682	48,403	48,039	47,129	46,937	46,191	42,001	33,391	25,020	17,391	12,516	12,066	12,070	12,569	13,571	15,605	17,508	18,948	19,326	17,863	15,970	13,960	12,430	11,198	9,621	8,113	6,609	5,601	5,439	5,399	5,407	5,411	5,441	0	0	0
Purchase of in-process research and development
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation liability loss
-	-	-	-	-	-27,800	-28,550	0	0	-	0	-	-	-	-	0	-	41,826	42,507	42,007	42,575	-30,000	0	0	0	-	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Business transition costs
-7,200	-2,000	8,993	10,693	13,047	11,500	10,184	9,129	6,498	4,300	8,393	11,499	12,886	18,138	17,303	14,802	13,682	13,748	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
712,251	732,663	724,073	719,950	711,566	736,387	726,554	698,478	686,790	646,758	654,334	662,531	614,681	598,428	558,848	522,817	535,042	477,551	476,299	478,924	491,510	561,913	555,099	543,521	519,200	471,599	464,571	448,330	436,286	429,842	433,282	533,494	524,617	513,436	485,453	376,319	370,629	361,008	339,098	319,778	0	0	0
Interest and other expense, net:
Interest income
2,239	1,917	1,562	1,072	861	586	465	414	437	440	522	633	900	1,091	1,388	1,560	1,498	1,589	1,402	1,281	1,170	968	886	802	800	755	814	906	879	915	902	910	857	832	784	727	754	760	770	953	0	0	0
Interest expense
40,529	38,525	38,216	37,597	37,903	37,857	37,699	37,562	37,689	38,021	39,312	41,393	41,847	40,520	37,391	33,719	30,424	29,078	28,777	28,435	28,172	27,911	27,591	27,338	27,011	27,178	27,424	27,597	27,917	27,710	27,653	28,044	22,987	17,933	12,629	7,021	6,774	6,672	6,614	7,006	0	0	0
Loss on repurchases of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-19,085	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income, net
-12,967	-5,925	-6,384	3,551	1,163	-8,174	-9,003	-13,381	-11,503	-1,542	-585	-352	-97	-305	-207	86	51	425	438	-2,438	-2,362	-2,411	-2,155	3,471	3,236	3,101	3,838	961	850	1,047	-79	1,387	2,018	2,078	1,958	226	116	-264	269	368	0	0	0
Total interest and other expense, net
-51,257	-42,533	-43,038	-32,974	-35,879	-45,445	-46,237	-50,529	-48,755	-39,123	-41,016	-42,753	-42,685	-58,819	-53,654	-49,517	-46,319	-27,064	-26,937	-29,592	-29,364	-29,354	-28,860	-23,065	-22,975	-23,322	-22,772	-25,730	-26,188	-25,748	-26,830	-25,747	-20,112	-15,023	-9,887	-6,068	-5,904	-6,176	-5,575	-5,685	0	0	0
Income before income taxes
79,939	80,517	63,702	61,223	56,684	8,723	11,483	19,670	21,837	72,363	71,208	60,183	91,353	64,780	69,343	80,429	49,432	112,019	107,164	92,712	71,700	-11,210	-20,255	-19,216	-23,692	9,768	-558	-2,495	10,022	11,256	-3,692	-106,601	-102,516	-100,064	-73,875	30,895	27,861	25,914	21,265	16,039	0	0	0
Income tax expense
18,793	15,283	16,187	8,795	7,687	-3,756	-11,880	-20,866	-18,903	-7,492	8,383	26,959	40,074	29,309	28,780	30,611	19,364	46,729	45,683	45,968	39,266	6,286	-1,302	-9,530	-11,548	2,783	1,070	4,274	7,453	8,814	1,436	-31,659	-29,986	-29,043	-74,733	-45,742	-49,944	-50,619	1,829	2,395	0	0	0
Consolidated net income
-	-	-	-	-	-	-	-	-	79,855	62,825	33,224	51,279	35,471	40,563	49,818	30,068	65,290	61,481	46,744	32,434	-17,496	-18,953	-9,686	-12,144	6,985	-1,628	-6,769	2,569	2,442	-5,128	-74,942	-72,530	-71,021	858	76,637	77,805	76,533	19,436	13,644	0	0	0
Add back net loss attributable to non-controlling interests
-	-	-	-	-	-	-	-	-	-1,743	-1,717	-1,716	-1,707	-1,721	-1,711	-1,490	-1,295	-1,001	-781	-728	-682	-776	-768	-842	-919	-917	-775	-759	-753	-702	-1,744	-1,652	-1,757	-1,172	-499	-814	-989	-1,752	-1,981	-1,996	0	0	0
Consolidated net income
61,146	65,234	47,515	52,428	48,997	12,479	23,799	41,404	42,040	81,598	64,542	34,940	52,986	37,192	42,274	51,308	31,363	66,291	62,262	47,472	33,116	-16,720	-18,185	-8,844	-11,225	7,902	-853	-6,010	3,322	3,144	-4,146	-74,052	-71,535	-69,849	2,119	78,213	79,556	78,285	21,417	15,640	0	0	0
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
1,035,475	1,044,611	1,023,602	1,005,459	996,765	986,457	977,103	962,394	947,531	938,971	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
229,633	232,474	235,638	233,215	233,804	234,509	228,149	224,264	216,597	207,307	169,730	178,070	187,280	195,605	224,400	214,371	203,041	194,479	189,755	188,307	184,728	182,358	185,202	180,774	184,682	180,484	173,327	167,782	155,572	153,409	148,275	136,544	125,518	112,111	98,151	93,716	89,222	85,139	77,911	70,566	0	0	0
Service [Member]
Total revenue
117,700	123,459	122,441	121,050	119,203	115,257	107,506	97,965	90,663	87,714	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
80,095	79,883	79,592	79,147	78,035	76,650	72,186	67,418	64,215	61,134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-