United therapeutics corporation (UTHR)
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'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Total revenues

356,300

311,100

401,500

373,600

362,600

381,400

412,700

444,500

389,200

464,700

445,500

444,600

370,500

409,000

408,200

412,600

369,000

404,200

384,700

345,800

325,900

345,349

328,269

321,329

284,553

286,297

300,006

277,495

243,146

240,431

240,917

221,832

202,943

194,310

201,020

183,546

162,218

163,352

168,236

134,439

125,675

94,058

81,009

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

700

1,500

1,400

1,600

996

1,681

1,473

4,850

2,720

2,219

3,111

1,990

3,386

1,551

3,745

1,271

868

722

205

294

-

339

-

-

-

-

Service sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,923

2,876

2,648

License fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

282

282

281

323

Operating expenses:
Cost of product sales

23,400

28,800

33,000

26,700

29,100

31,900

51,900

61,700

53,200

53,000

19,500

18,900

14,300

28,400

23,600

20,000

700

25,300

6,900

16,000

20,800

15,788

40,803

38,709

30,600

38,778

30,716

32,320

29,313

37,665

27,968

29,633

24,031

25,327

22,676

21,162

19,739

18,522

20,155

15,261

13,736

11,576

9,015

Research and development

73,200

113,600

85,700

85,900

897,400

138,800

101,100

82,300

35,700

113,600

55,000

59,800

36,200

66,900

45,900

35,200

-400

75,900

9,600

49,400

110,200

71,434

118,876

39,742

12,448

121,552

72,749

54,617

50,430

37,476

65,155

37,099

33,657

48,635

59,433

24,240

47,707

61,511

40,337

28,587

34,871

31,551

28,646

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

139,500

100,100

72,200

5,000

148,700

-17,300

110,000

211,300

80,547

202,507

68,031

30,215

157,178

94,111

71,365

71,356

40,073

68,626

53,258

39,789

57,707

16,656

23,856

58,263

66,482

45,593

29,654

46,877

41,172

49,371

Settlement of loss contingency

-

-

-

-

-

-

-

-

-

-

-

210,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of service sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,150

1,179

1,069

Total operating expenses

189,600

247,600

218,100

152,200

1,018,500

249,900

263,100

227,100

82,300

325,700

121,700

356,100

106,900

234,800

169,600

127,400

5,300

249,900

-800

175,400

342,300

167,769

362,186

146,482

73,263

317,508

197,576

158,302

151,099

115,214

161,749

119,990

97,477

131,669

98,765

69,258

125,709

145,365

106,085

73,502

96,634

85,478

88,101

Operating income (loss)

166,700

63,500

183,400

221,400

-655,900

131,500

149,600

217,400

306,900

139,000

323,800

88,500

263,600

174,200

238,600

285,200

363,700

155,000

387,000

171,800

-14,800

178,576

-32,236

176,320

216,140

-28,491

104,649

122,304

94,037

128,603

80,719

105,587

106,737

63,509

102,977

114,493

36,803

15,358

62,490

61,219

32,246

11,737

-4,121

Interest income

10,000

11,500

12,100

10,800

9,800

8,700

7,900

6,700

5,300

-

2,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

869

979

-

1,138

1,055

1,033

929

1,016

839

666

629

564

802

944

1,085

1,335

Interest expense

8,200

10,000

11,700

12,200

10,300

4,300

4,100

2,900

2,600

3,500

3,300

1,400

800

2,200

500

600

600

500

800

1,300

2,100

3,535

4,709

4,746

4,610

4,562

4,540

4,520

4,436

4,490

4,384

3,879

3,886

5,110

5,416

5,431

5,410

5,455

4,809

4,759

4,687

3,331

3,248

Equity loss in affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

-20

-

-43

-30

-37

-30

-39

-44

-47

-42

-38

Other income, net

8,700

3,300

-16,900

30,400

5,800

-2,900

-900

-3,300

-600

-3,200

1,100

3,600

800

-4,000

1,000

1,100

800

1,500

600

-2,100

100

-257

1,112

1,459

1,686

3,271

1,070

-134

255

4,003

31,020

569

72

-254

-278

-257

41

314

137

93

225

-403

529

Other income (expense):
Gain on sale of intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments of investments in privately-held companies

5,600

-

-

-

-

-

12,400

-

-

-

3,100

46,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income, net

4,900

4,800

-16,500

29,000

5,300

-39,600

-9,500

500

2,100

-

-3,100

-44,300

-

-2,700

500

500

200

1,000

349,800

-3,400

-2,000

-3,792

-3,597

-3,287

-2,924

-3,139

-3,470

-3,785

-3,202

-3,651

27,774

-2,297

-2,801

-4,325

-4,721

-4,879

-4,740

-4,542

-4,147

-3,908

-3,565

-2,691

-1,422

Income (loss) before income taxes

171,600

68,300

166,900

250,400

-650,600

91,900

140,100

217,900

309,000

141,000

320,700

44,200

263,600

171,500

239,100

285,700

363,900

156,000

736,800

168,400

-16,800

174,784

-35,833

173,033

213,216

-31,630

101,179

118,519

90,835

124,952

108,493

103,290

103,936

59,184

98,256

109,614

32,063

10,816

58,343

57,311

28,681

9,046

-5,543

Income tax (expense) benefit

33,900

15,700

34,500

45,300

-156,000

26,600

33,600

45,000

64,500

122,000

44,400

100,200

85,000

61,200

77,300

79,600

128,400

51,400

272,400

69,200

-200

58,823

-10,596

61,181

75,692

-1,316

38,494

38,655

28,510

41,697

30,382

30,974

33,176

16,064

17,641

35,723

12,446

-3,369

18,217

19,345

9,752

-2,891

-3,199

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,120

80,615

73,891

19,617

-

40,126

37,966

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-69

47

29

-

-390

-259

-

-

-

Gain on disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-121

3,783

212

-3,256

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-190

3,783

259

-3,227

-

-390

-259

-

-

-

Net income (loss)

137,700

52,600

132,400

205,100

-494,600

65,300

106,500

172,900

244,500

19,000

276,300

-56,000

178,600

110,300

161,800

206,100

235,500

104,600

464,400

99,200

-16,600

115,961

-25,237

111,852

137,524

-30,314

62,685

79,864

62,325

83,255

78,111

72,316

70,760

43,189

84,398

73,891

16,390

9,544

39,736

37,707

18,929

11,937

-2,344

Net income (loss) per common share:
Basic
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.81

1.38

1.27

0.34

-

0.71

0.68

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.07

0.00

-0.06

-

-0.01

-0.01

-

-

-

Basic (in dollars per share)

3.14

1.23

3.02

4.68

-11.32

1.44

2.44

4.01

5.65

0.37

6.37

-1.25

4.01

2.70

3.75

4.65

5.19

2.18

10.20

2.15

-0.36

2.51

-0.53

2.35

2.73

-0.60

1.25

1.60

1.24

1.63

1.52

1.37

1.32

0.81

1.45

1.27

0.28

0.17

0.70

0.67

0.35

0.22

-0.04

Diluted
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.85

1.32

1.18

0.31

-

0.67

0.63

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.06

0.00

-0.05

-

-0.01

-0.01

-

-

-

Diluted (in dollars per share)

3.12

1.26

3.01

4.66

-11.32

1.42

2.42

3.98

5.57

0.40

6.27

-1.25

3.89

2.52

3.50

4.39

4.84

1.93

9.24

1.91

-0.36

2.28

-0.53

2.10

2.43

-0.60

1.17

1.52

1.19

1.62

1.46

1.34

1.29

0.85

1.38

1.18

0.26

0.18

0.66

0.62

0.32

0.21

-0.04

Weighted average number of common shares outstanding:
Basic (in shares)

43,900

43,800

43,900

43,800

43,700

44,000

43,600

43,100

43,300

43,200

43,400

44,900

44,500

42,300

43,200

44,300

45,400

45,700

45,500

46,100

46,700

47,484

47,297

47,617

50,402

50,281

50,014

49,800

50,209

50,480

51,514

52,747

53,631

54,398

58,321

58,180

57,753

57,216

56,536

56,047

54,769

53,455

52,982

Diluted (in shares)

44,100

43,500

44,000

44,000

43,700

44,700

44,000

43,400

43,900

44,700

44,100

44,900

45,900

45,400

46,200

46,900

48,700

56,000

50,200

51,900

46,700

59,594

47,297

53,252

56,657

54,212

53,688

52,648

52,376

50,579

53,590

53,942

55,009

50,991

61,210

62,756

62,623

57,436

60,216

60,393

60,019

57,653

52,982

Net product sales
Total revenues

356,300

311,100

401,500

373,600

362,600

381,400

412,700

444,500

389,200

464,700

445,500

444,600

370,500

409,000

408,200

412,600

369,000

404,900

386,200

347,200

327,500

346,345

329,950

322,802

289,403

289,017

302,225

280,606

245,136

243,817

242,468

225,577

204,214

195,178

201,742

183,751

162,512

160,723

168,575

134,721

128,880

97,215

83,980