Orbotech ltd (ORBK)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
REVENUES:
Sales of products

674,466

588,396

537,370

403,963

294,027

238,920

415,838

409,532

251,831

Service rendered

226,390

218,006

215,147

178,783

145,968

148,088

135,627

119,823

107,499

Total Revenues

900,856

806,402

752,517

582,746

439,995

387,008

551,465

529,355

359,330

COST OF REVENUES:
Cost of products sold

337,077

304,455

285,503

223,981

156,702

129,601

234,267

224,640

146,453

Cost of service rendered

138,461

129,540

127,216

105,572

91,753

103,846

93,448

88,261

73,749

Write-down of inventories

-

-

-

-

-

14,255

6,743

-

0

Total Cost of Revenues

475,538

433,995

412,719

329,553

248,455

247,702

334,458

312,901

220,202

GROSS PROFIT

425,318

372,407

339,798

253,193

191,540

139,306

217,007

216,454

139,128

RESEARCH AND DEVELOPMENT COSTS:
Expenses incurred

132,541

112,425

108,516

91,320

72,736

70,524

83,338

81,191

66,318

Less - government participations

7,107

5,330

4,662

2,669

3,163

1,821

1,985

2,864

2,212

NET RESEARCH AND DEVELOPMENT COSTS

125,434

107,095

103,854

88,651

69,573

68,703

81,353

78,327

64,106

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

143,363

124,356

117,493

96,169

75,948

73,051

70,489

66,264

63,598

EQUITY IN EARNINGS OF FRONTLINE

4,524

3,445

5,849

5,769

5,553

6,764

7,236

-

-

AMORTIZATION OF INTANGIBLE ASSETS

25,006

27,456

30,224

19,235

4,041

9,907

12,304

14,176

19,848

GAIN FROM THE SALE OF THE THERMAL PRODUCTS BUSINESS

-

-

628

-

-

-

-

-

-

GAIN FROM RELEASE OF AMST EARN-OUT PAYMENT OBLIGATION

1,471

-

-

-

-

-

-

-

-

SPTS ACQUISITION COSTS

-

-

-

6,761

-

-

-

-

-

RESTRUCTURING CHARGES

-

-

-

-

-

5,063

-

-

-

IMPAIRMENT OF INTANGIBLE ASSETS

-

-

-

-

-

30,142

-

-

-

ADJUSTMENT OF GOODWILL IMPAIRMENT

-

-

-

-

-

-

-

-

-3,300

OPERATING INCOME

137,510

116,945

94,704

48,146

47,531

-40,796

60,097

57,687

-5,124

FINANCIAL EXPENSES - net

5,535

21,042

23,585

9,046

1,191

5,120

6,587

7,284

11,090

INCOME BEFORE TAXES ON INCOME

131,975

95,903

71,119

39,100

46,340

-45,916

-

-

-

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES ON INCOME

-

-

-

-

-

-

53,510

-

-

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES ON INCOME

-

-

-

-

-

-

-

50,403

-16,214

TAXES ON INCOME

1,088

16,308

13,788

3,419

6,927

456

7,677

7,397

-372

SHARE IN LOSSES OF EQUITY METHOD INVESTEE

-

-600

-615

-417

-252

-165

-179

-

-

NET INCOME (LOSS) FROM CONTINUING OPERATIONS

-

-

-

-

-

-

45,654

43,006

-15,842

GAIN FROM DISCONTINUED OPERATIONS, NET OF TAX

-

-

-

-

-

-

1,363

8,717

-3,914

NET INCOME

130,887

78,995

56,716

35,264

39,161

-46,537

47,017

34,289

-19,756

NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS

-1,498

-443

-55

-116

-840

-958

-322

144

168

NET INCOME ATTRIBUTABLE TO ORBOTECH LTD.

132,385

79,438

56,771

35,380

40,001

-45,579

47,339

34,145

-19,924

INCOME (LOSS) FROM CONTINUING OPERATIONS

-

-

-

-

-

-

45,976

-42,862

-16,010

INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX

-

-

-

-

-

-

1,363

-8,717

-3,914

NET INCOME (LOSS) ATTRIBUTABLE TO ORBOTECH LTD.

132,385

79,438

56,771

-

-

-

47,339

34,145

-19,924

Basic

-

-

-

-

-

-

1.15

-1.23

-0.46

Diluted

-

-

-

-

-

-

1.13

1.20

-0.46

EARNINGS PER SHARE ATTRIBUTABLE TO ORBOTECH LTD.:
Basic

2.76

1.74

1.34

0.85

0.94

-1.05

1.19

0.98

-0.58

Diluted

2.71

1.71

1.31

0.83

0.92

-1.05

1.16

0.95

-0.58

WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION OF EARNINGS PER SHARE - IN THOUSANDS:
Basic

47,989

45,534

42,412

41,703

42,571

43,501

39,909

34,911

34,501

Diluted

48,850

46,461

43,322

42,757

43,253

43,501

40,816

35,778

34,501