PHOTRONICS INC PLAB Income Statement

Photronics inc (PLAB)

Income statement / Quarterly

Feb'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Jul'10
Revenue
159,736	156,256	138,112	131,580	124,712	144,660	136,391	130,779	123,446	120,971	111,579	108,297	109,831	107,368	123,209	122,923	129,956	141,693	131,699	127,309	123,505	124,251	124,852	104,882	101,542	106,009	109,652	106,680	99,839	104,218	116,616	117,451	112,154	122,159	135,935	133,103	120,823	112,251
Cost of goods sold
125,134	118,097	107,542	105,570	98,610	109,235	100,794	97,960	95,784	94,529	89,862	88,140	86,832	86,835	91,759	91,636	94,520	97,079	94,456	94,214	95,321	97,627	96,202	82,692	78,660	79,334	82,574	81,891	78,741	79,921	84,312	87,590	86,696	91,265	97,695	96,617	90,229	85,979
Gross profit
34,602	38,159	30,570	26,010	26,102	35,425	35,597	32,819	27,662	26,442	21,717	20,157	22,999	-	31,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Selling, general and administrative
14,219	12,141	13,124	13,269	13,792	13,504	12,504	13,637	11,750	10,181	11,639	10,894	10,871	10,192	11,163	11,024	12,198	12,188	12,430	12,421	11,944	11,547	12,394	13,419	12,278	12,927	12,068	12,151	11,067	11,396	11,784	12,201	11,325	11,246	11,833	11,448	10,713	11,068
Research and development
4,080	4,543	4,046	3,542	4,263	3,907	2,653	3,817	4,104	3,839	4,812	3,726	3,485	5,041	5,466	5,447	5,700	5,177	6,253	5,809	4,681	5,801	5,199	5,939	4,974	6,378	4,985	4,556	4,839	5,265	5,221	4,441	4,444	4,269	3,527	3,940	3,771	3,427
Total operating expenses
18,299	16,684	17,170	16,811	18,055	17,411	15,157	17,454	15,854	14,020	16,451	14,620	14,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidation, restructuring and related charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	245	7	58	1,118	0	0	0	0	26
Operating income
16,303	21,475	13,400	9,199	8,047	18,014	20,440	15,365	11,808	12,422	5,266	5,537	8,643	5,300	14,821	14,816	17,538	27,249	18,560	14,865	11,559	9,276	11,057	2,832	5,630	7,370	10,025	8,082	5,192	7,391	15,292	13,161	8,571	15,379	22,880	21,098	16,110	11,751
Other income (expense):
Interest income and other income (expense), net
5,495	-5,949	29	4,286	1,639	2,886	1,968	3,883	-3,531	1,114	415	-3,073	-1,524	548	1,849	-2,025	2,052	1,485	1,449	-224	87	1,064	641	594	1,111	666	937	993	1,296	277	1,245	827	1,372	-532	1,517	-704	2,668	593
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	16,372	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Interest expense
1,798	162	377	355	531	580	557	551	574	578	549	549	559	615	612	964	1,174	1,178	1,209	1,233	1,370	1,638	1,809	1,816	1,984	2,051	1,909	1,909	1,887	1,900	2,012	1,795	1,781	1,759	1,907	1,881	1,711	1,827
Gains on sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-2	157	0	8,785	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,973	-30,286	-	0
Income before income tax provision
20,000	15,364	13,052	13,130	9,155	20,320	21,851	18,697	7,703	12,958	5,132	1,915	6,560	5,231	16,215	11,827	27,201	27,556	18,800	13,408	10,276	8,702	9,889	17,982	4,757	5,985	9,053	7,166	4,601	5,768	14,525	12,193	8,162	13,088	17,517	-11,773	17,067	10,517
Income tax provision
9,072	2,327	3,218	3,278	1,387	3,551	2,054	3,508	-1,778	2,462	333	431	2,050	-1,338	4,762	-2,326	3,700	5,405	3,390	1,252	3,134	2,002	2,545	2,032	2,716	1,074	2,689	1,724	1,742	1,551	3,258	2,663	3,321	4,053	4,895	3,260	3,483	2,910
Net income
10,928	13,037	9,834	9,852	7,768	16,769	19,797	15,189	9,481	10,496	4,799	1,484	4,510	6,569	11,453	14,153	23,501	22,151	15,410	12,156	7,142	6,700	7,344	15,950	2,041	4,911	6,364	5,442	2,859	4,217	11,267	9,530	4,841	9,035	12,622	-15,033	13,584	7,607
Net income attributable to noncontrolling interests
628	3,337	3,487	1,373	2,501	4,282	6,792	4,524	3,583	5,110	798	-313	2,564	1,313	3,365	2,299	2,499	3,529	3,304	2,096	3,305	2,423	3,158	410	48	71	424	579	536	385	317	712	573	-256	1,357	1,405	1,473	-84
Net income attributable to Photronics, Inc. shareholders
10,300	9,700	6,347	8,479	5,267	12,487	13,005	10,665	5,898	5,386	4,001	1,797	1,946	5,256	8,088	11,854	21,002	18,622	12,106	10,060	3,837	4,277	4,186	15,540	1,993	4,840	5,940	4,863	2,323	3,832	10,950	8,818	4,268	9,291	11,265	-16,438	12,111	7,691
Earnings per share:
Basic (in dollars per share)
0.16	0.14	0.10	0.13	0.08	0.18	0.19	0.15	0.09	0.07	0.06	0.03	0.03	0.07	0.12	0.18	0.31	0.28	0.18	0.15	0.06	0.07	0.07	0.25	0.03	0.08	0.10	0.08	0.04	0.06	0.18	0.15	0.07	0.16	0.19	-0.30	0.23	0.14
Diluted (in dollars per share)
0.16	0.13	0.10	0.13	0.08	0.17	0.18	0.15	0.09	0.07	0.06	0.03	0.03	0.08	0.12	0.16	0.28	0.26	0.17	0.14	0.06	0.09	0.07	0.22	0.03	0.07	0.10	0.08	0.04	0.07	0.16	0.14	0.07	0.22	0.16	-0.30	0.20	0.13
Weighted-average number of common shares outstanding:
Basic (in shares)
65,554	66,231	66,313	66,261	66,583	67,894	69,374	69,293	68,755	68,617	68,525	68,426	68,176	68,024	67,953	67,372	66,807	66,574	66,454	66,230	66,066	63,108	61,436	61,372	61,200	61,060	60,746	60,493	60,277	60,196	60,121	60,086	59,817	59,631	58,987	55,685	53,817	53,516
Diluted (in shares)
66,449	72,406	66,570	70,597	67,047	79,464	75,258	75,190	69,372	69,218	69,380	69,385	69,169	74,447	74,317	77,516	79,136	89,715	78,569	78,228	67,020	64,443	62,432	77,705	62,136	57,623	66,177	61,501	61,095	91,900	76,436	76,590	60,930	34,992	76,744	55,685	66,411	66,280