Veeco instruments inc. (VECO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net sales

419,349

542,082

475,686

331,702

477,038

392,873

331,749

516,020

979,135

930,892

282,262

Cost of sales

261,155

348,363

299,458

198,604

299,797

257,991

228,607

300,887

504,801

481,407

168,003

Gross profit

158,194

193,719

176,228

133,098

177,241

134,882

103,142

215,133

474,334

449,485

114,259

Operating expenses, net:
Research and development

90,557

97,755

81,987

81,016

78,543

81,171

81,424

95,153

96,596

56,948

37,767

Selling, general, and administrative

79,749

92,060

100,250

77,642

90,188

89,760

85,486

73,110

95,134

87,250

59,419

Amortization of intangible assets

17,085

32,351

35,475

19,219

27,634

13,146

5,527

4,908

4,734

3,703

3,977

Restructuring

6,403

8,556

11,851

5,640

4,679

4,394

1,485

3,813

1,288

-179

4,479

Acquisition costs

-

2,959

17,786

-

-

-

-

-

-

-

-

Asset impairment

4,020

375,172

1,139

69,520

126

58,170

1,220

1,335

584

-

304

Changes in contingent consideration

-

-

-

-

-

-29,368

829

-

-

-

-

Other operating expense (income), net

42

-368

392

-223

697

3,182

1,017

398

261

1,490

-682

Total operating expenses, net

197,772

609,221

248,096

253,260

200,473

214,091

174,954

177,921

198,336

146,232

106,628

Operating income (loss)

-39,578

-415,502

-71,868

-120,162

-23,232

-79,209

-71,812

37,212

276,259

303,253

7,631

Interest income

4,680

3,186

2,335

1,180

1,050

1,570

1,200

2,476

3,776

1,629

882

Interest expense

22,085

21,518

19,457

222

464

715

598

1,502

4,600

8,201

7,732

Other income (expense), net

-20,973

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-77,956

-433,834

-88,990

-119,204

-22,646

-78,354

-71,210

38,186

272,086

296,681

781

Interest income (expense), net

-

-

-

-

-

-

-

-

-824

-6,572

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-3,349

-

-

Income tax expense (benefit)

777

-26,746

-37,594

2,823

9,332

-11,414

-28,947

11,657

81,584

19,505

2,558

Net income (loss)

-

-

-

-

-

-

-42,263

26,529

190,502

277,176

-1,777

Discontinued operations:
Income from discontinued operations before income taxes

-

-

-

-

-

-

-

6,269

-91,885

129,776

-15,066

Income tax provision

-

-

-

-

-

-

-

1,870

-29,370

45,192

-1,211

Income from discontinued operations

-

-

-

-

-

-

-

4,399

-62,515

84,584

-13,855

Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-65

Net income (loss)

-78,733

-407,088

-51,396

-122,027

-31,978

-66,940

-

30,928

127,987

361,760

-15,567

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

-

-

-

-

-

-

-

0.69

4.80

7.02

-0.05

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.11

-1.57

2.14

-0.43

Basic (in dollars per share)

-1.66

-8.63

-1.16

-3.10

-0.80

-1.70

-1.09

0.80

3.23

9.16

-0.48

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

-

-

-

-

-

-

-

0.68

4.63

6.52

-0.05

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.11

-1.52

1.99

-0.43

Diluted (in dollars per share)

-1.66

-8.63

-1.16

-3.10

-0.80

-1.70

-1.09

0.79

3.11

8.51

-0.48

Weighted average number of shares:
Basic (in shares)

47,482

47,151

44,174

39,340

39,742

39,350

38,807

38,477

39,658

39,499

32,628

Diluted (in shares)

47,482

47,151

44,174

39,340

39,742

39,350

38,807

39,051

41,155

42,514

32,628