Gentherm incorporated (THRM)
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
Product revenues

228,613

230,381

240,056

243,326

257,921

256,015

261,504

266,400

264,586

265,493

235,853

243,378

249,267

236,541

232,625

232,720

215,714

212,277

223,818

213,441

206,909

205,168

206,012

206,182

193,938

182,290

171,182

160,520

148,090

148,242

141,058

136,153

129,526

131,016

125,639

77,137

35,796

30,486

28,812

Cost of sales

162,546

164,759

165,364

170,612

182,614

185,195

185,800

189,308

183,344

179,962

165,667

165,060

164,107

157,935

155,931

161,225

147,472

143,099

148,892

147,736

140,339

142,853

144,427

145,425

136,913

132,648

125,265

120,368

109,039

109,942

104,203

101,885

97,022

96,568

94,795

57,918

25,340

21,681

20,108

Gross margin

66,067

65,622

74,692

72,714

75,307

70,820

75,704

77,092

81,242

85,531

70,186

78,318

85,160

78,606

76,694

71,495

68,242

69,178

74,926

65,705

66,570

62,315

61,585

60,757

57,025

49,642

45,917

40,152

39,051

38,300

36,855

34,268

32,504

34,448

30,844

19,219

10,456

8,805

8,704

Operating expenses:
Research and development expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,538

15,278

14,550

13,045

15,235

12,718

12,403

11,841

-

10,257

10,228

-

-

-

-

-

-

-

Reimbursed research and development expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

351

235

154

192

490

528

Net research and development expenses

17,760

15,486

18,838

19,255

18,897

16,518

19,056

21,022

23,304

21,845

19,721

21,407

19,505

18,371

19,745

19,111

15,696

15,145

14,934

14,977

14,548

-

-

-

-

-

-

-

-

-

-

-

-

11,744

11,520

4,740

2,661

2,789

3,390

Selling, general and administrative expenses

25,840

27,339

26,861

31,829

32,651

31,595

35,117

34,262

36,424

42,707

34,331

31,775

30,806

33,719

29,512

29,397

22,624

23,910

22,543

24,058

24,945

22,906

22,181

21,693

17,867

18,608

18,319

18,908

16,256

18,349

16,560

15,439

13,973

16,018

13,545

9,183

3,364

2,498

2,491

Net research and development expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,081

-

11,285

4,586

2,469

2,299

2,862

Acquisition transaction expenses

-

-

-

342

-

-

-

-

-

-

-

-

-

50

22

634

37

-

-

-

-

0

0

0

1,075

503

326

422

1,163

-

-

-

-

-64

200

1,426

3,754

-

-

Restructuring expenses

3,766

1,110

8,664

1,231

1,914

1,874

5,818

6,215

865

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

47,366

43,593

54,363

52,657

53,462

49,987

59,991

61,499

60,593

64,552

54,052

53,182

50,311

52,140

49,279

49,142

38,357

39,055

37,477

39,035

39,493

37,559

37,459

36,243

31,987

32,022

31,363

31,733

29,260

28,733

26,817

25,667

24,054

27,347

25,030

15,195

9,587

4,797

5,353

Operating income

18,701

22,029

20,329

20,057

21,845

20,833

15,713

15,593

20,649

20,979

16,134

25,136

34,849

26,466

27,415

22,353

29,885

30,123

37,449

26,670

27,077

24,756

24,126

24,514

25,038

17,620

14,554

8,419

9,791

9,567

10,038

8,601

8,450

7,101

5,814

4,024

869

4,008

3,351

Interest expense, net

-748

-1,007

-1,148

-1,240

-1,368

-1,281

-1,241

-1,240

-1,180

-1,252

-1,250

-1,261

-1,122

-970

-660

-950

-677

-743

-759

-544

-564

-504

-857

-970

-931

-627

-1,062

-873

-981

-1,054

-898

-1,048

-1,136

-1,061

-1,213

-1,246

9

9

3

Debt retirement expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

730

-

-

-

-

-

-

-

-

-

-

-

3

967

-

-

-

Revaluation of derivatives loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

-134

-53

-964

-225

294

-340

-247

-195

217

638

346

-1,236

-993

-1,423

1,360

-

-4,305

-1,269

-

-

-

Foreign currency (loss) gain

-938

-1,156

4,083

-804

203

-99

125

5,174

-4,578

-1,188

-7,340

-13,251

-1,329

7,722

-873

2,796

-1,835

373

420

-107

435

687

938

-320

-1,523

-714

-1,612

-889

987

-156

-421

3,289

-511

-

2,006

1,235

-

-

-

Gain on sale of business

-

-

0

0

4,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

-

-

837

9,885

10,484

-

11,476

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

785

117

77

17

225

146

3

-33

-198

-

-

-

-

-

-

Other income

264

-424

231

171

143

-411

212

215

1,111

14

-360

260

236

-863

359

30

365

-683

487

262

195

201

369

41

-241

-516

191

164

336

-534

310

272

277

-948

193

414

227

37

7

Earnings before income tax

17,279

12,885

22,658

8,299

15,309

19,042

3,333

19,742

16,002

18,553

7,184

10,884

32,634

32,355

26,241

24,229

27,738

39,068

37,463

26,228

26,179

24,275

24,140

22,925

22,881

15,685

12,365

7,476

10,704

6,733

8,039

9,658

8,242

10,081

2,492

2,191

1,105

4,054

3,361

Income tax expense

5,406

2,431

6,771

5,548

6,895

6,413

3,688

3,083

3,036

23,795

630

2,371

7,232

6,319

6,018

5,783

15,845

10,654

9,798

6,734

6,359

4,446

6,852

6,502

6,302

4,754

3,600

1,948

795

1,027

2,366

2,813

2,145

549

973

1,373

1,771

1,492

1,244

Net income

11,873

10,454

15,887

2,751

8,414

12,629

-355

16,659

12,966

-5,242

6,554

8,513

25,402

26,036

20,223

18,446

11,893

28,414

27,665

19,494

19,820

19,829

17,288

16,423

16,579

10,931

8,765

5,528

9,909

5,706

5,673

6,845

6,097

9,532

1,519

818

-666

2,562

2,117

Income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27

63

19

1,258

1,958

1,672

1,432

1,387

-

348

-523

-

-129

-190

Net income attributable to Gentherm Incorporated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,958

8,702

5,509

8,651

3,748

4,001

5,413

4,710

7,812

1,171

1,341

-666

2,691

2,307

Convertible preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

159

540

923

1,190

1,516

1,840

2,165

-

-2,815

-2,923

-

-

-

Net income attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,958

8,543

4,969

7,728

2,558

2,485

3,573

2,545

5,322

-1,644

-1,582

-666

2,691

2,307

Basic earnings per share

0.36

0.32

0.48

0.08

0.25

0.37

-0.01

0.46

0.35

-0.14

0.18

0.23

0.69

0.71

0.55

0.51

0.33

0.79

0.77

0.54

0.55

0.56

0.49

0.46

0.47

0.32

0.25

0.15

0.24

0.09

0.08

0.12

0.10

0.23

-0.07

-0.07

-0.03

0.12

0.11

Diluted earnings per share

0.36

0.32

0.48

0.08

0.25

0.37

-0.01

0.45

0.35

-0.14

0.18

0.23

0.69

0.71

0.55

0.50

0.33

0.78

0.76

0.53

0.55

0.54

0.48

0.46

0.47

0.31

0.24

0.15

0.24

0.09

0.08

0.12

0.10

0.23

-0.07

-0.07

-0.03

0.12

0.10

Weighted average number of shares – basic

32,692

32,627

32,838

33,440

33,573

34,289

36,103

36,523

36,766

36,744

36,742

36,776

36,619

36,516

36,477

36,442

36,356

36,276

36,110

35,970

35,769

35,699

35,522

35,360

35,063

35,898

34,447

32,658

31,606

29,763

29,618

29,568

24,461

23,380

22,753

22,208

22,081

21,713

21,621

Weighted average number of shares – diluted

32,869

32,950

32,932

33,573

33,733

34,720

36,448

36,666

36,873

36,870

36,805

36,840

36,739

36,620

36,594

36,637

36,550

36,589

36,481

36,584

36,244

36,240

36,271

36,093

35,592

36,357

34,886

33,167

32,083

30,192

30,003

30,103

25,150

26,776

22,753

22,208

22,081

22,488

22,381