Quidel corp /de/ (QDEL)
Income statement / Quarterly
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
Total revenues

174,653

152,178

126,492

108,252

147,968

132,588

117,399

103,155

169,143

114,890

50,894

38,267

73,692

-36,646

138,795

39,133

50,321

52,412

46,812

35,204

61,701

64,804

41,193

31,488

46,673

52,085

33,539

29,706

61,995

53,925

32,998

30,858

37,960

38,391

33,108

27,509

59,595

28,225

25,026

Cost of sales

59,662

57,338

50,633

49,073

57,041

50,456

47,757

45,487

62,872

55,763

21,204

19,441

25,193

-10,990

54,295

17,318

19,249

24,463

16,961

15,493

21,112

21,263

16,768

15,902

20,247

18,461

15,297

13,671

19,547

17,597

14,872

14,008

14,808

15,286

14,996

12,540

20,043

12,807

12,237

Gross profit

114,991

94,840

75,859

59,179

90,927

82,132

69,642

57,668

106,271

59,127

29,690

18,826

48,499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of inventory fair value adjustment from acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

399

Total cost of sales (excludes amortization of intangible assets of $5,753, $6,667 and $5,852, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,807

12,636

Research and development

16,379

14,924

11,976

11,723

13,930

12,641

13,103

13,284

12,621

10,674

7,468

7,627

7,875

-14,855

31,164

9,656

12,707

9,939

8,419

9,105

8,051

9,199

11,506

8,127

9,081

11,255

7,462

7,945

7,524

7,283

5,085

6,844

8,504

6,765

5,884

6,216

7,460

6,148

6,349

Sales and marketing

30,738

28,000

26,599

26,926

29,589

26,380

26,504

27,545

28,558

26,373

13,588

13,064

14,223

-10,463

36,376

12,206

12,317

14,578

12,112

11,923

11,788

12,360

11,396

9,393

9,927

11,524

8,658

7,120

8,442

8,330

7,776

7,677

6,536

6,755

6,487

6,254

6,255

5,797

6,272

General and administrative

14,332

14,302

12,146

12,876

13,431

12,299

10,620

11,500

10,532

8,709

6,580

6,783

7,120

-7,332

19,964

6,430

7,289

5,018

5,889

6,290

9,860

6,863

5,879

5,843

7,226

6,529

5,622

5,901

7,529

3,988

4,759

5,129

5,924

5,664

5,194

5,827

6,113

4,759

4,792

Amortization of intangible assets from acquired businesses and technology

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,782

2,290

2,219

-

2,219

2,218

2,201

2,205

2,207

2,208

2,208

2,214

2,171

2,022

1,764

1,770

1,728

1,719

1,718

1,782

1,791

1,775

1,776

1,948

1,467

Impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,558

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Facility restructuring charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets from licensed technology

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324

Acquisition and integration costs

1,914

2,551

4,456

1,836

2,824

3,274

2,521

4,935

3,467

9,484

4,591

2,379

52

-

568

252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

716

Total operating expenses

63,363

59,777

55,177

53,361

59,774

54,594

52,748

57,264

55,178

55,240

32,227

29,853

29,270

-134,912

149,149

48,152

53,781

-28,279

45,600

45,029

53,012

51,890

51,314

41,473

48,689

51,684

39,334

36,659

44,806

38,968

34,220

35,377

37,490

36,252

34,352

32,612

41,647

31,574

32,556

Operating income

51,628

35,063

20,682

5,818

31,153

27,538

16,894

404

51,093

3,887

-2,537

-11,027

19,229

18,394

-10,354

-9,019

-3,460

2,662

1,212

-9,825

8,689

12,914

-10,121

-9,985

-2,016

401

-5,795

-6,953

17,189

14,957

-1,222

-4,519

470

2,139

-1,244

-5,103

17,948

-3,349

-7,530

Interest expense, net

-

-

-3,152

-4,505

-

-

-4,786

-6,839

-7,850

-

-2,784

-2,778

-2,825

-

-8,619

-2,924

-2,689

-

-3,090

-3,061

-2,895

-

-224

-372

-360

-

-361

-359

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

0

-748

-

0

-1,297

-2,398

-4,567

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

8

9

18

52

42

57

52

15

11

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

204

-

286

292

407

444

485

499

655

645

611

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

0

-

-

-

-

Interest and other expense, net

-2,807

-2,551

-3,152

-5,253

-4,582

-4,808

-6,083

-9,237

-12,417

-9,201

-2,784

-2,778

-2,825

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-198

-

-305

-283

-389

-768

-443

-442

-603

-630

-600

Income before income taxes

48,821

32,512

17,530

565

26,571

22,730

10,811

-8,833

38,676

-5,314

-5,321

-13,805

16,404

20,866

-18,973

-11,943

-6,149

-327

-1,878

-12,886

5,794

12,095

-10,345

-10,357

-2,376

-89

-6,156

-7,312

16,991

13,859

-1,527

-4,802

81

1,371

-1,687

-5,545

17,345

-3,979

-8,130

Provision for income taxes

8,600

1,957

1,300

-700

1,700

-9,706

-11

-5,800

4,718

-226

204

-1,963

2,114

11,530

-7,115

-4,103

-2,703

50

-1,116

-3,955

1,803

4,982

-4,578

-3,449

-864

-1,228

-1,795

-5,557

4,624

5,119

-851

-1,680

30

413

-574

-1,885

5,897

1,882

-5,663

Net income

40,237

30,626

16,181

1,270

24,844

32,479

10,822

-3,076

33,958

-5,088

-5,525

-11,842

14,290

9,336

-11,858

-7,840

-3,446

-377

-762

-8,931

3,991

7,113

-5,767

-6,908

-1,512

1,139

-4,361

-1,755

12,367

8,740

-676

-3,122

51

958

-1,113

-3,660

11,448

-5,861

-2,467

Basic earnings per share

0.96

0.73

0.39

0.03

0.63

0.79

0.28

-0.08

0.96

-0.16

-0.16

-0.35

0.43

-

-0.36

-

-

-0.02

-0.02

-0.26

0.12

-

-0.17

-0.20

-

-

-

-

-

-

-

-

-

-

-0.03

-

0.35

-

-

Basic earnings (loss) per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.24

-0.11

-

-

-

-

-

-

-

-0.04

0.03

-0.13

-0.05

0.37

-

-0.02

-0.09

-

-

-

-0.11

-

-0.21

-0.09

Diluted earnings per share

0.93

0.72

0.38

0.03

0.60

0.81

0.27

-0.08

0.86

-0.15

-0.16

-0.35

0.42

-

-

-0.24

-0.11

-

-

-

0.11

-

-

-

-0.04

0.03

-0.13

-0.05

0.36

-

-0.02

-0.09

-

-

-

-0.11

-

-0.21

-0.09

Shares used in basic per share calculation

42,056

-

41,642

40,209

39,704

-

39,290

37,925

35,236

-

33,913

33,500

33,202

-

32,645

32,541

32,727

33,495

33,683

34,597

34,641

-

34,480

34,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares used in basic per share calculation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,199

34,066

33,975

33,802

33,501

33,325

33,004

32,946

32,997

33,242

33,019

32,900

32,451

28,183

28,406

Shares used in diluted per share calculation

43,403

44,902

43,206

41,429

42,907

47,454

42,889

37,925

41,948

-

33,913

33,500

-

-

-

32,541

32,727

-

-

-

35,745

-

-

-

34,199

37,436

33,975

33,802

34,575

35,354

33,004

32,946

33,504

34,653

33,019

32,900

32,708

28,183

28,406