Orthofix medical inc. (OFIX)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Product sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

358,520

350,261

347,611

349,552

353,792

370,307

386,280

393,647

0

0

0

-

-

-

-

-

-

Marketing service fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

49,359

48,430

47,735

48,059

47,906

47,442

47,252

46,542

0

0

0

-

-

-

-

-

-

Net sales

455,666

459,955

459,539

457,748

453,445

453,042

448,860

442,399

439,794

433,823

425,464

418,714

413,847

409,788

405,873

408,527

405,406

396,489

392,151

391,994

392,025

402,277

407,879

398,691

395,346

397,611

401,698

417,749

433,532

440,189

392,594

402,043

405,290

435,519

512,047

537,586

0

0

0

Cost of sales

100,308

100,607

100,042

99,166

96,189

96,628

94,564

94,261

94,603

93,037

92,795

88,958

88,297

87,853

85,944

89,929

89,323

86,525

86,571

87,974

91,478

98,912

111,578

111,374

107,844

106,912

100,206

99,526

105,189

100,726

89,323

88,793

84,432

96,415

112,667

122,900

0

0

0

Gross profit

355,358

359,348

359,497

358,582

357,256

356,414

354,296

348,138

345,191

340,786

332,669

329,756

325,550

321,935

319,929

318,598

316,083

309,964

305,580

304,020

300,547

303,365

296,301

287,317

287,502

290,699

301,492

318,223

328,343

339,463

303,271

313,250

320,858

339,104

399,380

414,686

0

0

0

Operating expenses
Sales and marketing

224,295

223,676

219,195

214,288

208,953

205,527

203,569

201,164

200,106

198,370

195,201

189,425

184,997

181,287

177,302

181,714

178,617

178,080

175,725

170,594

169,661

166,547

170,191

168,269

170,795

175,468

171,005

174,951

177,487

178,771

167,465

173,801

176,686

185,156

212,197

220,024

0

0

0

General and administrative

83,000

85,607

83,090

84,276

84,299

83,251

78,804

74,596

73,047

71,905

78,346

79,550

77,686

76,409

78,556

78,632

82,593

87,157

87,685

87,659

83,367

79,074

75,974

69,585

66,552

67,517

57,290

58,207

57,321

53,650

53,220

53,346

56,395

64,785

75,848

82,244

0

0

0

Research and development

35,372

34,637

34,983

36,599

35,510

33,218

32,880

30,217

29,213

29,700

28,755

28,678

28,587

28,803

28,864

28,529

28,184

26,389

24,995

25,044

24,906

24,994

24,933

24,722

26,960

26,768

26,070

26,567

27,268

28,577

27,758

26,882

23,859

22,861

25,638

28,026

0

0

0

Acquisition-related amortization and remeasurement (Note 13)

20,173

34,212

32,706

11,107

10,718

4,324

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SEC / FCPA matters and related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,083

11,602

12,782

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,295

-12,200

-11,827

-11,451

-57,141

0

0

0

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,298

2,247

2,262

2,298

1,928

1,900

1,875

2,550

3,749

4,622

0

0

0

Costs related to the accounting review and restatements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

293,197

304,822

304,791

301,891

278,756

262,581

265,323

264,591

262,571

267,756

270,266

332,493

363,452

381,147

0

0

0

Operating income (loss)

-7,482

-18,784

-10,477

12,312

17,776

30,094

35,552

40,679

42,762

40,811

30,367

30,604

19,911

21,067

21,031

15,899

23,522

9,255

5,828

8,197

9,973

17,136

3,104

-17,505

-17,289

-11,192

22,736

55,642

63,020

74,872

40,700

45,494

50,592

6,611

35,928

33,539

0

0

0

Other income and expense
Interest expense, net

-288

-122

173

-194

-902

-828

-1,137

-971

-644

-416

549

1,035

846

763

154

-442

-255

-489

-1,689

-1,959

-2,525

-1,785

-3,782

-2,848

-1,901

-1,827

1,747

1,672

2,482

4,161

2,510

4,313

5,246

5,441

10,362

13,540

0

0

0

Loss on refinancing of credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Gain on interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other expense, net

-8,537

-8,143

-9,382

-6,290

-9,697

-6,381

-6,505

-972

3,256

-4,004

-7,436

-8,549

-8,987

-2,806

1,279

177

883

-259

-1,856

-1,442

-1,932

-2,895

-891

-1,050

-2,620

2,416

1,422

1,882

3,749

-1,646

-1,711

-1,089

-2,091

-2,533

-2,488

-1,989

0

0

0

Total other income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-2,537

-2,840

-4,373

589

-325

210

1,267

-5,807

-4,221

-5,402

-7,337

-7,974

-13,400

-15,170

0

0

0

Income (loss) before income taxes

-16,307

-27,049

-19,686

5,828

7,177

22,885

27,910

38,736

45,374

36,391

23,480

23,090

11,770

19,024

22,464

15,634

24,150

8,507

3,219

5,732

6,452

12,456

567

-20,345

-21,662

-10,603

22,411

55,852

64,287

69,065

36,479

40,092

43,255

-1,363

22,528

18,369

0

0

0

Income tax benefit

-12,613

1,413

11,591

-2,182

-2,305

9,074

21,454

27,721

30,549

29,100

22,822

15,396

15,157

15,527

11,744

16,086

14,179

10,849

12,757

14,454

15,985

16,200

8,860

4,480

4,417

7,602

14,897

21,260

21,837

23,944

10,913

12,149

14,663

14,443

26,339

24,899

0

0

0

Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

7,291

658

7,694

-3,387

3,497

10,720

-452

9,971

-2,342

-9,538

-8,722

-9,533

-3,744

-8,293

-24,825

-26,079

-18,205

7,514

34,592

42,450

45,121

41,992

41,937

0

-

0

0

-

-

-

Discontinued operations (Note 12)
Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-1,759

1,180

97

-175

-638

-3,092

-2,878

-2,036

-1,827

-2,055

-7,080

0

-

0

0

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Income tax benefit

-

-

-

-

-

-

-

-

-

-691

419

-68

-124

-197

-2,033

-1,724

-1,475

-1,360

-671

-614

-2,269

-2,364

-2,588

-2,467

-3,656

-4,903

1,276

-1,950

-1,078

120

-5,729

-2,695

0

-

0

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Gain on sale of vascular operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-1,068

761

165

-51

-441

-1,059

-1,154

-561

-467

-1,306

0

0

-

0

-

-7,441

-10,607

0

0

0

-

-

-

-

-

0

0

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-4,739

-7,965

-5,558

-2,269

-7,937

-2,940

0

-

0

0

-

-

-

Net income

-3,694

-28,462

-31,277

8,010

9,482

13,811

6,508

11,175

14,103

6,223

1,419

7,859

-3,438

3,056

9,661

-1,606

9,410

-2,809

-11,976

-10,153

-14,408

-8,537

-13,151

-32,439

-34,767

-28,812

2,775

26,627

36,892

42,852

17,444

24,806

27,510

-17,698

-4,945

-7,091

0

0

0

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

-

-

-

-

-

-

-

-

-

0.09

0.18

0.26

-0.13

-0.28

0.57

-0.35

0.25

0.11

-0.04

0.22

-0.41

-0.27

0.00

0.18

-0.11

-

-0.91

0.11

0.30

0.85

0.55

0.52

0.46

-

0.70

0.58

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

0.00

0.01

-0.05

-0.02

0.10

-0.02

-0.06

-0.04

0.07

-0.03

-0.03

-0.04

-0.03

0.02

-0.22

-0.03

-

-0.13

-0.27

-0.12

0.27

-0.29

-0.14

0.04

-

-0.03

-0.03

-

-

-

Basic

1.33

0.61

-2.14

-0.03

0.05

0.47

-0.07

0.05

0.28

0.09

0.19

0.21

-0.15

-0.18

0.55

-0.41

0.21

0.18

-0.07

0.19

-0.45

-0.30

0.02

-0.04

-0.14

-

-1.04

-0.16

0.18

1.12

0.26

0.38

0.50

-0.19

0.67

0.55

-2.00

0.48

0.58

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

-

-

-

-

-

-

-

-

-

0.08

0.18

0.26

-0.13

-0.26

0.56

-0.35

0.24

0.12

-0.04

0.21

-0.41

-0.27

0.00

0.18

-0.11

-

-0.91

0.10

0.30

0.83

0.54

0.51

0.45

-

0.69

0.57

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

0.01

0.01

-0.05

-0.02

0.10

-0.02

-0.06

-0.04

0.06

-0.03

-0.02

-0.04

-0.03

0.02

-0.22

-0.03

-

-0.13

-0.26

-0.12

0.27

-0.29

-0.14

0.04

-

-0.03

-0.03

-

-

-

Diluted

1.32

0.61

-2.14

-0.03

0.05

0.47

-0.07

0.05

0.27

0.09

0.19

0.21

-0.15

-0.16

0.54

-0.41

0.20

0.18

-0.07

0.19

-0.45

-0.30

0.02

-0.04

-0.14

-

-1.04

-0.16

0.18

1.10

0.25

0.37

0.49

-0.17

0.66

0.54

-2.00

0.48

0.57

Weighted average number of common shares:
Basic

19,143

19,070

18,957

18,834

18,750

18,595

18,562

18,413

18,404

18,258

18,180

18,050

17,979

17,858

18,091

18,147

18,477

18,823

18,855

18,769

18,731

18,615

18,577

18,445

18,197

-

18,142

19,140

19,431

19,327

19,078

18,827

18,675

18,445

18,384

18,110

17,937

17,626

17,579

Diluted

19,299

18,629

18,957

18,834

19,191

19,374

18,562

18,835

18,874

19,099

18,572

18,343

17,979

18,564

18,382

18,147

18,758

18,603

18,855

18,989

18,731

18,244

18,773

18,621

18,197

-

18,142

19,270

19,691

19,696

19,533

19,215

19,116

17,548

18,850

18,541

17,937

17,836

17,892

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on debt security

-

-2,593

-1,353

607

0

-

0

0

-

3,830

-5,807

-1,104

-4,140

-1,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for amortization of historical unrealized gains on debt security

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for other-than-temporary impairment on debt security

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for loss on debt security in net income

-

-

-

-

-

-

-

-

-

5,585

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Currency translation adjustment

-1,915

-653

-2,696

-1,647

-2,969

-1,823

-763

1,192

5,015

4,552

1,796

1,505

-1,713

-726

1,230

45

2,174

-3,907

-5,071

-8,008

-9,369

-4,133

-4,252

2,256

1,347

-1,708

0

0

0

-

-

-

-

-

-

-

-

-

-

Other comprehensive loss before tax

-8,142

-9,473

-12,946

-5,119

-3,792

-53

9,487

10,202

12,065

13,967

3,817

8,226

2,051

-103

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax related to other comprehensive loss

-

-2,201

-1,834

-14

0

-

0

0

-

3,600

791

2,485

1,420

245

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive loss, net of tax

-6,582

-7,272

-10,386

-4,313

-3,589

-491

5,989

7,070

9,365

10,367

3,026

5,741

631

-348

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (loss) gain on derivative instruments, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-10,276

-35,734

-41,663

3,697

5,893

13,320

12,497

18,245

23,468

16,590

4,445

13,600

-2,807

2,708

9,331

-6,833

8,475

-8,659

-16,753

-17,049

-22,967

-12,422

-17,985

-30,294

-33,278

-30,799

4,059

25,546

32,888

44,246

17,312

16,536

24,487

-20,032

0

0

0

-

-