Orthofix medical inc. (OFIX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Product sales

-

-

-

-

-

-

349,552

393,647

398,695

432,845

-

Marketing service fees

-

-

-

-

-

-

48,059

46,542

36,824

29,726

-

Net sales

459,955

453,042

433,823

409,788

396,489

402,277

397,611

440,189

435,519

462,571

545,635

Cost of sales

100,607

96,628

93,037

87,853

86,525

98,912

106,912

100,726

96,415

97,093

138,450

Gross profit

359,348

356,414

340,786

321,935

309,964

303,365

290,699

339,463

339,104

365,478

407,185

Operating expenses
Sales and marketing

223,676

205,527

198,370

181,287

178,080

166,547

175,468

178,771

185,156

196,113

215,943

General and administrative

85,607

83,251

71,905

76,409

87,157

79,074

67,517

53,650

64,785

73,010

88,866

Research and development

34,637

33,218

29,700

28,803

26,389

24,994

26,768

28,577

22,861

27,958

31,460

Acquisition-related amortization and remeasurement (Note 13)

34,212

4,324

-

-

-

-

-

-

-

-

-

SEC / FCPA matters and related costs

-

-

-

-

9,083

15,614

12,945

-

-

-

-

Charges related to U.S. Government resolutions (Note 13)

-

-

-

-14,369

-

-

-

-1,295

-57,141

-

-

Impairment of goodwill

-

-

-

-

-

-

19,193

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

2,298

2,550

2,413

7,041

Total operating expenses

-

-

-

-

-

-

301,891

264,591

332,493

299,494

343,310

Operating income (loss)

-18,784

30,094

40,811

21,067

9,255

17,136

-11,192

74,872

6,611

65,984

63,875

Other income and expense
Interest expense, net

-122

-828

-416

763

-489

-1,785

-1,827

4,161

5,441

11,287

24,820

Interest income

-

-

-

-

-

-

-

-

-

-

193

Gain on interest rate swap

-

-

-

-

-

-

-

-

-

-

1,852

Other expense, net

-8,143

-6,381

-4,004

-2,806

-259

-2,895

2,416

-1,646

-2,533

331

-1,079

Total other income (expense)

-

-

-

-

-

-

589

-5,807

-7,974

-10,956

-23,854

Income (loss) before income taxes

-27,049

22,885

36,391

19,024

8,507

12,456

-10,603

69,065

-1,363

55,028

40,021

Income tax benefit

1,413

9,074

29,100

15,527

10,849

16,200

7,602

23,944

14,443

24,031

15,549

Net income (loss) from continuing operations

-28,462

13,811

7,291

3,497

-2,342

-3,744

-18,205

45,121

-15,806

30,997

-

Discontinued operations (Note 12)
Gain on sale of vascular operations, net of tax (Note 22)

-

-

-

-

-

-

-

-

-

8,521

-

Loss from discontinued operations

-

-

-1,759

-638

-1,827

-7,157

-15,510

-

-2,705

5,089

-

Income tax benefit

-

-

-691

-197

-1,360

-2,364

-4,903

120

-813

311

-

Gain on sale of Breg, Inc., net of tax

-

-

-

-

-

-

-

1,345

-

0

-

Net loss from discontinued operations

-

-

-1,068

-441

-467

-4,793

-10,607

-3,494

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-2,269

-1,892

13,299

-

Net income

-28,462

13,811

6,223

3,056

-2,809

-8,537

-28,812

42,852

-17,698

44,296

24,472

Net income (loss) per common share—basic
Net income (loss) from continuing operations

-1.51

0.73

0.40

0.19

-0.12

-0.20

-

2.38

-0.87

1.76

-

Net loss from discontinued operations

-

-

-0.06

-0.02

-0.03

-0.26

-

-0.12

-0.10

0.76

-

Basic

-1.51

0.73

0.34

0.17

-0.15

-0.46

-

2.26

-0.97

2.52

1.43

Net income (loss) per common share—diluted
Net income (loss) from continuing operations

-1.51

0.72

0.39

0.19

-0.12

-0.20

-

2.33

-0.87

1.73

-

Net loss from discontinued operations

-

-

-0.05

-0.02

-0.03

-0.26

-

-0.12

-0.10

0.74

-

Diluted

-1.51

0.72

0.34

0.17

-0.15

-0.46

-

2.21

-0.97

2.47

1.42

Net loss per common sharebasic and diluted:
Net loss from continuing operations

-

-

-

-

-

-

-0.97

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-0.57

-

-

-

-

Net loss per common sharebasic and diluted

-

-

-

-

-

-

-1.54

-

-

-

-

Weighted average number of common shares:
Basic

18,903

18,494

18,117

18,144

18,795

18,459

-

18,977

18,219

17,601

17,119

Diluted

18,903

18,911

18,498

18,463

18,795

18,459

-

19,390

18,219

17,913

17,202

Basic and diluted

-

-

-

-

-

-

18,697

-

-

-

-

Other comprehensive loss, before tax
Unrealized gain (loss) on derivative instrument

-

-

-

-360

202

307

-443

-416

693

126

-

Unrealized loss on debt security

-2,593

1,770

3,830

-1,744

-3,348

-

-

-

-

-

-

Reclassification adjustment for amortization of historical unrealized gains on debt security

1,034

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for loss on debt security in net income

-5,193

-

5,585

2,727

-

-

-

-

-

-

-

Currency translation adjustment

-653

-1,823

4,552

-726

-3,907

-4,133

-1,708

1,131

-1,897

-1,317

-

Other comprehensive loss before tax

-9,473

-53

13,967

-103

-7,053

-3,826

-2,151

1,547

-2,590

-1,443

-

Income tax related to other comprehensive loss

-2,201

438

3,600

245

-1,203

59

-164

-153

-

-

-

Other comprehensive loss, net of tax

-7,272

-491

10,367

-348

-5,850

-3,885

-1,987

1,394

-2,334

-1,407

-

Comprehensive income (loss)

-35,734

13,320

16,590

2,708

-8,659

-12,422

-30,799

44,246

-20,032

42,889

-