Gentherm incorporated (THRM)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Product revenues

971,684

1,048,505

993,991

917,600

856,445

811,300

662,082

554,979

369,588

112,403

60,925

Cost of sales

683,349

743,647

674,796

622,563

580,066

569,618

487,320

413,052

274,621

79,648

45,166

Gross margin

288,335

304,858

319,195

295,037

276,379

241,682

174,762

141,927

94,967

32,755

15,759

Operating expenses:
Research and development expenses

91,033

98,663

94,515

79,583

69,211

66,411

52,197

40,950

29,733

-

-

Reimbursed research and development expenses

18,557

18,763

12,037

6,660

9,607

8,885

2,324

2,239

932

2,269

2,103

Net research and development expenses

72,476

79,900

82,478

72,923

59,604

57,526

49,873

43,189

30,665

12,712

8,097

Selling, general and administrative expenses

118,680

137,398

139,619

115,252

95,456

84,647

72,091

64,321

42,110

10,955

8,857

Net research and development expenses

-

-

-

-

-

-

-

-

-

10,443

5,994

Acquisition transaction expenses

-

-

-

743

-

1,075

2,414

-

5,316

-

-

Restructuring expenses

12,919

14,772

-

-

-

-

-

-

-

-

-

Total operating expenses

204,075

232,070

222,097

188,918

155,060

143,248

124,378

105,271

77,159

21,398

14,851

Operating income

84,260

72,788

97,098

106,119

121,319

98,434

50,384

36,656

17,808

11,357

908

Interest expense, net

-4,763

-4,942

-4,885

-3,257

-2,610

-3,262

-3,543

-4,136

-3,511

25

10

Debt retirement expense

-

-

-

-

-

1,370

-

-

1,160

-

-

Revaluation of derivatives loss

-

-

-

-

-1,102

-518

1,006

-2,292

-6,118

-

-

Gain on settlement of lawsuit

-

-

-

-

9,949

-

-

-

-

-

-

Foreign currency (loss) gain

2,326

622

-23,108

7,810

1,121

-218

-2,228

2,201

9,207

-

-

Asset impairments and net loss on divestitures

22,793

11,476

-

-

-

-

-

-

-

-

-

Gain from equity investment

-

-

-

-

-

785

436

-82

-

-119

-492

Gain (loss) from equity investment

-

-

-

-

-

-

-

-

-243

-

-

Other income

121

1,127

150

-109

261

370

175

325

-114

145

183

Earnings before income tax

59,151

58,119

69,255

110,563

128,938

94,221

46,230

32,672

15,869

11,408

609

Income tax expense

21,645

16,220

34,028

33,965

33,545

24,102

11,097

8,351

4,666

2,609

325

Net income

37,506

41,899

35,227

76,598

95,393

70,119

35,133

24,321

11,203

8,799

284

Income attributable to non-controlling interest

-

-

-

-

-

-

1,313

6,449

1,545

-649

-439

Net income attributable to Gentherm Incorporated

-

-

-

-

-

-

33,820

17,872

9,658

9,448

723

Convertible preferred stock dividends

-

-

-

-

-

-

1,622

6,711

8,228

-

-

Net income attributable to common shareholders

-

-

-

-

-

-

32,198

11,161

1,430

9,448

723

Basic earnings per share

1.13

1.17

0.96

2.10

2.65

1.98

0.96

0.39

0.06

0.44

0.03

Diluted earnings per share

1.13

1.16

0.96

2.09

2.62

1.95

0.94

0.39

0.06

0.42

0.03

Weighted average number of shares – basic

33,120

35,920

36,720

36,448

36,031

35,411

33,652

28,352

22,605

21,716

21,402

Weighted average number of shares – diluted

33,297

36,177

36,813

36,600

36,475

36,049

34,123

28,862

23,454

22,496

21,771