Gentherm incorporated (THRM)
Income statement / TTM
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

942,376

971,684

997,318

1,018,766

1,041,840

1,048,505

1,057,983

1,032,332

1,009,310

993,991

965,039

961,811

951,153

917,600

893,336

884,529

865,250

856,445

849,336

831,530

824,271

811,300

788,422

753,592

707,930

662,082

628,034

597,910

573,543

554,979

537,753

522,334

463,318

369,588

269,058

172,231

0

0

0

Cost of sales

663,281

683,349

703,785

724,221

742,917

743,647

738,414

718,281

694,033

674,796

652,769

643,033

639,198

622,563

607,727

600,688

587,199

580,066

579,820

575,355

573,044

569,618

559,413

540,251

515,194

487,320

464,614

443,552

425,069

413,052

399,678

390,270

346,303

274,621

199,734

125,047

0

0

0

Gross margin

279,095

288,335

293,533

294,545

298,923

304,858

319,569

314,051

315,277

319,195

312,270

318,778

311,955

295,037

285,609

283,841

278,051

276,379

269,516

256,175

251,227

241,682

229,009

213,341

192,736

174,762

163,420

154,358

148,474

141,927

138,075

132,064

117,015

94,967

69,324

47,184

0

0

0

Operating expenses:
Research and development expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,411

58,108

55,548

53,401

52,197

47,219

44,729

0

-

0

0

-

-

-

-

-

-

-

Reimbursed research and development expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

932

1,071

1,364

0

0

0

Net research and development expenses

71,339

72,476

73,508

73,726

75,493

79,900

85,227

85,892

86,277

82,478

79,004

79,028

76,732

72,923

69,697

64,886

60,752

59,604

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

30,665

21,710

13,580

0

0

0

Selling, general and administrative expenses

111,869

118,680

122,936

131,192

133,625

137,398

148,510

147,724

145,237

139,619

130,631

125,812

123,434

115,252

105,443

98,474

93,135

95,456

94,452

94,090

91,725

84,647

80,349

76,487

73,702

72,091

71,832

70,073

66,604

64,321

61,990

58,975

52,719

42,110

28,590

17,536

0

0

0

Net research and development expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

20,639

12,216

0

0

0

Acquisition transaction expenses

-

-

-

0

-

-

-

-

-

-

-

-

-

743

0

0

0

-

-

-

-

1,075

1,578

1,904

2,326

2,414

0

0

0

-

-

-

-

5,316

0

0

0

-

-

Restructuring expenses

14,771

12,919

13,683

10,837

15,821

14,772

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

197,979

204,075

210,469

216,097

224,939

232,070

246,635

240,696

232,379

222,097

209,685

204,912

200,872

188,918

175,833

164,031

153,924

155,060

153,564

153,546

150,754

143,248

137,711

131,615

127,105

124,378

121,089

116,543

110,477

105,271

103,885

102,098

91,626

77,159

54,609

34,932

0

0

0

Operating income

81,116

84,260

83,064

78,448

73,984

72,788

72,934

73,355

82,898

97,098

102,585

113,866

111,083

106,119

109,776

119,810

124,127

121,319

115,952

102,629

100,473

98,434

91,298

81,726

65,631

50,384

42,331

37,815

37,997

36,656

34,190

29,966

25,389

17,808

14,715

12,252

0

0

0

Interest expense, net

-4,143

-4,763

-5,037

-5,130

-5,130

-4,942

-4,913

-4,922

-4,943

-4,885

-4,603

-4,013

-3,702

-3,257

-3,030

-3,129

-2,723

-2,610

-2,371

-2,469

-2,895

-3,262

-3,385

-3,590

-3,493

-3,543

-3,970

-3,806

-3,981

-4,136

-4,143

-4,458

-4,656

-3,511

-2,441

-1,225

0

0

0

Debt retirement expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Revaluation of derivatives loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,102

-1,376

-948

-1,235

-518

-488

-565

413

1,006

-35

-1,245

-3,306

-2,292

-5,361

-5,637

0

-

0

0

-

-

-

Foreign currency (loss) gain

1,185

2,326

3,383

-575

5,403

622

-467

-7,932

-26,357

-23,108

-14,198

-7,731

8,316

7,810

461

1,754

-1,149

1,121

1,435

1,953

1,740

-218

-1,619

-4,169

-4,738

-2,228

-1,670

-479

3,699

2,201

4,363

6,019

0

-

0

0

-

-

-

Gain on sale of business

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

-

-

32,682

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

785

902

979

996

436

465

391

341

-82

0

0

0

-

-

-

-

-

-

Other income

242

121

134

115

159

1,127

1,552

980

1,025

150

-727

-8

-238

-109

71

199

431

261

1,145

1,027

806

370

-347

-525

-402

175

157

276

384

325

-89

-206

-64

-114

871

685

0

0

0

Earnings before income tax

61,121

59,151

65,308

45,983

57,426

58,119

57,630

61,481

52,623

69,255

83,057

102,114

115,459

110,563

117,276

128,498

130,497

128,938

114,145

100,822

97,519

94,221

85,631

73,856

58,407

46,230

37,278

32,952

35,134

32,672

36,020

30,473

23,006

15,869

9,842

10,711

0

0

0

Income tax expense

20,156

21,645

25,627

22,544

20,079

16,220

33,602

30,544

29,832

34,028

16,552

21,940

25,352

33,965

38,300

42,080

43,031

33,545

27,337

24,391

24,159

24,102

24,410

21,158

16,604

11,097

7,370

6,136

7,001

8,351

7,873

6,480

5,040

4,666

5,609

5,880

0

0

0

Net income

40,965

37,506

39,681

23,439

37,347

41,899

24,028

30,937

22,791

35,227

66,505

80,174

90,107

76,598

78,976

86,418

87,466

95,393

86,808

76,431

73,360

70,119

61,221

52,698

41,803

35,133

29,908

26,816

28,133

24,321

28,147

23,993

17,966

11,203

4,233

4,831

0

0

0

Income attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,313

3,298

4,907

6,320

6,449

4,839

2,644

0

-

0

0

-

0

0

Net income attributable to Gentherm Incorporated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,820

26,610

21,909

21,813

17,872

21,936

19,106

15,034

9,658

4,537

5,673

0

0

0

Convertible preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,622

2,812

4,169

5,469

6,711

2,706

-1,733

0

-

0

0

-

-

-

Net income attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,198

23,798

17,740

16,344

11,161

13,925

9,796

4,641

1,430

-1,201

2,750

0

0

0

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