Quarterhill inc. (QTRH)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Products and Services
Products and Services
License [Member]
Systems [Member]
Services [Member]
Recurring [Member]
Revenues
Brokerage

-

-

-

-

-

-

996

3,679

Revenues

134,711

92,876

102,855

-

-

-

105,809

49,236

Cost of revenues (excluding depreciation and amortization)
Royalties

-

-

-

98,311

88,209

87,960

104,813

45,557

Cost of revenues (excluding depreciation and amortization)

49,309

29,868

70,400

63,201

88,648

55,938

72,467

26,103

Gross Profit excluding Depreciation and Amortization

85,402

63,008

-

-

-

-

-

-

Operating expenses
Depreciation of property, plant and equipment (Note 8)

1,057

409

-

-

-

-

-

-

Amortization of intangibles (Note 9)

24,922

34,242

-

-

-

-

-

-

Research and development

-

-

-

-

-

9,010

7,792

3,965

Selling, general and administrative expenses

19,970

9,386

7,462

10,565

13,065

12,300

-

-

Research and development expenses

3,255

-

2,430

2,416

2,858

-

-

-

Loss on disposal of intangibles (Note 9)

-21,916

-

-

-

-

-

-

-

Impairment losses on intangibles (Note 9)

4,350

-

-

-

-

-

-

-

Special charges

-294

-

-

-

-

-

-

-

Impairment of assets

-

-

1,747

-

-

-

-

-

Marketing, general and administration

-

-

-

-

-

-

20,294

37,462

Realized foreign exchange (gain) loss

-

-

-

-

-

-

1,958

-230

Unrealized foreign exchange (gain) loss

-

-

-

-

-

-

-2,997

-4

Transaction costs

-

-

-

-

-

-

3,044

-

Restructuring charges

-

-

1,302

-

-

418

-

726

Operating expenses

75,176

44,037

86,326

-

-

-

-

-

Total operating expenses

-

-

-

78,220

107,109

72,475

104,636

68,490

Results from operations

10,226

18,971

16,529

20,091

-18,900

15,485

1,173

-19,254

Finance income

703

548

-

-

-

-

-

-

Interest income

-

-

428

-

-

-

-

-

Investment income

-

-

-

533

728

1,277

5,654

683

Interest expense

-

-

-

-

-

1,247

4,218

-

Finance expense

1,053

-

-

-

-

31,138

-

-

Foreign exchange gain

204

103

-2,985

-2,038

-2,538

5,191

-

-

Other income

390

-

-

-

-

-

-

-

Debenture financing, net (Note 9)

-

-

-

-

-

-

20,747

-

Income (loss) before taxes

10,470

19,622

16,957

20,624

-18,172

-15,623

23,356

-18,571

Current income tax expense (Note 16)

7,195

5,539

4,013

4,623

5,980

3,480

3,275

3,041

Deferred income tax expense (recovery) (Note 16)

-6,951

3,031

2,908

6,290

-6,059

-4,583

-11,716

-

Income tax expense (recovery)

244

8,570

6,921

10,913

-79

-1,103

-8,441

3,041

Net income (loss)

10,226

11,052

10,036

9,711

-18,093

-14,520

31,797

-21,612

Net income per share (Note 14)
Cumulative translation adjustment

-

-

-

-

-

-

-9,830

-12,713

Comprehensive income (loss)

-

-

-

-

-

-

21,967

-8,899

Basic

0.09

0.09

0.08

0.08

-0.15

-0.12

0.26

-0.21

Diluted

0.09

0.09

0.08

0.08

-0.15

-0.12

0.25

-0.21

Weighted average number of common shares (Note 14)
Basic

118,607

119,245

120,713

120,103

120,856

121,451

122,741

103,289

Diluted

118,615

119,245

120,720

120,368

120,856

121,451

124,999

103,289