Veeco instruments inc. (VECO)
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'10
Net sales

104,502

113,202

108,954

97,822

99,371

98,972

126,757

157,779

158,574

139,661

129,308

112,218

94,499

92,861

85,482

75,348

78,011

106,543

140,744

131,410

98,341

113,569

93,341

95,122

90,841

73,209

99,324

97,435

61,781

106,849

132,715

136,547

139,909

191,685

267,959

264,815

254,676

297,659

277,094

221,389

134,750

Cost of sales

58,083

68,232

66,731

61,537

64,655

63,713

80,372

102,384

101,894

84,309

78,779

76,371

59,999

56,613

52,027

43,909

46,055

67,757

86,494

82,341

63,205

75,695

60,783

64,449

57,064

57,567

69,016

62,795

39,229

68,122

82,831

75,293

74,641

108,597

143,025

129,466

123,713

141,097

139,711

122,589

78,010

Gross profit

46,419

44,970

42,223

36,285

34,716

35,259

46,385

55,395

56,680

55,352

50,529

35,847

34,500

36,248

33,455

31,439

31,956

38,786

54,250

49,069

35,136

37,874

32,558

30,673

33,777

15,642

30,308

34,640

22,552

38,727

49,884

61,254

65,268

83,088

124,934

135,349

130,963

156,562

137,383

98,800

56,740

Operating expenses, net:
Research and development

19,195

21,656

22,639

22,922

23,340

24,961

23,544

24,930

24,320

24,318

24,061

18,619

14,989

17,471

19,892

21,543

22,110

20,639

19,200

20,119

18,585

20,424

19,968

21,011

19,768

20,824

18,993

20,870

20,737

22,162

25,775

23,910

23,306

26,669

26,404

23,652

19,871

12,142

15,250

16,600

12,956

Selling, general, and administrative

18,304

19,128

20,962

19,757

19,902

21,217

20,186

24,274

26,383

28,676

29,771

22,698

19,105

19,412

18,396

19,995

19,839

21,036

21,905

24,365

22,882

24,490

21,712

21,891

21,667

26,409

19,650

19,779

19,648

18,552

13,892

20,893

19,773

21,168

23,569

27,461

22,936

25,664

23,303

20,557

17,726

Amortization of intangible assets

3,837

4,312

4,312

4,243

4,218

4,250

4,183

10,386

13,532

13,754

12,500

6,354

2,867

3,434

5,261

5,273

5,251

5,802

5,891

7,979

7,962

4,195

3,149

2,899

2,903

2,961

855

855

856

1,031

1,477

1,185

1,215

1,215

1,277

1,334

908

300

928

1,238

1,237

Restructuring

625

2,529

1,828

616

1,430

887

2,057

2,917

2,695

2,246

5,010

3,257

1,338

1,647

1,798

2,095

100

1,170

469

683

2,357

884

2,317

801

392

-286

1,240

0

531

1,736

2,014

0

63

-

-

-

-

0

0

0

-179

Acquisition costs

-

-

-

-

-

52

249

1,316

1,342

1,509

783

14,133

1,361

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment

-

-

-

-

-

-

-

252,343

-

-1

2

675

463

-

56,035

13,627

-

0

0

0

126

-

2,864

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

29,368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense (income), net

109

-189

153

44

34

-43

-39

-443

157

164

140

10

78

660

-795

-159

71

-98

-207

51

951

2,848

-36

158

212

876

493

52

-404

-228

737

-146

35

34

199

68

-40

1,573

267

-525

175

Total operating expenses, net

41,852

51,834

49,588

47,494

48,856

174,239

50,258

316,609

68,115

70,338

71,987

65,726

40,045

41,162

102,177

62,692

47,229

48,745

47,672

53,095

50,961

102,451

50,046

46,444

15,150

50,940

40,738

41,504

41,772

45,044

42,421

46,134

44,322

51,151

51,051

52,379

43,755

36,533

39,214

38,920

31,565

Operating income (loss)

4,567

-6,864

-7,365

-11,209

-14,140

-138,980

-3,873

-261,214

-11,435

-14,986

-21,458

-29,879

-5,545

-4,914

-68,722

-31,253

-15,273

-9,959

6,578

-4,026

-15,825

-64,577

-17,488

-15,771

18,627

-35,439

-9,937

-6,812

-19,624

-6,317

7,463

15,120

20,946

32,198

73,883

82,970

87,208

120,029

98,169

59,880

25,175

Interest income

800

932

1,219

1,284

1,245

920

823

819

624

403

357

782

793

301

283

290

306

264

256

243

287

840

344

180

206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

5,666

5,596

5,549

5,495

5,445

5,406

5,602

5,264

5,246

5,156

5,105

5,061

4,135

56

23

105

38

119

95

124

126

526

39

108

42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-299

-32,501

-11,695

-15,420

-18,340

-143,466

-8,652

-265,659

-16,057

-19,739

-26,206

-34,158

-8,887

-4,669

-68,462

-31,068

-15,005

-9,814

6,739

-3,907

-15,664

-64,263

-17,183

-15,699

18,791

-35,457

-9,745

-6,576

-19,432

-6,051

7,639

15,449

21,149

32,515

74,127

79,839

85,605

118,639

96,532

58,118

23,392

Interest income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

192

236

192

-

176

329

203

317

244

-86

-1,299

-

-1,637

-1,762

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,783

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,045

-304

-

-

-

-

Income tax expense (benefit)

300

377

100

100

200

1,184

300

-28,000

-230

-11,260

-2,466

-13,341

-10,527

145

1,136

1,014

528

-26

1,433

4,479

3,446

-7,351

-3,206

-488

-369

-13,372

-3,719

-2,495

-9,361

2,591

-59

4,438

4,687

8,927

21,510

23,521

27,626

7,905

2,845

8,188

567

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,642

7,698

11,011

16,462

23,588

52,617

56,318

57,979

110,734

93,687

49,930

22,825

Discontinued operations:
Income from discontinued operations before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-265

5,396

1,219

-81

-311

-23,839

-59,698

-8,037

132,750

-10,831

3,895

3,962

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

1,341

412

-31

3,001

-7,085

-22,586

-2,700

46,324

-3,307

1,432

743

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-413

4,055

807

-50

-3,312

-16,754

-37,112

-5,337

86,426

-7,524

2,463

3,219

Net income (loss)

-567

-32,871

-11,767

-15,565

-18,530

-144,674

-8,953

-237,634

-15,827

-8,479

-23,740

-20,817

1,640

-4,814

-69,598

-32,082

-15,533

-9,788

5,306

-8,386

-19,110

-56,912

-13,977

-15,211

19,160

-

-6,026

-4,081

-10,071

-9,055

11,753

11,818

16,412

20,276

35,863

19,206

52,642

197,160

86,163

52,393

26,044

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.23

0.20

0.29

0.43

0.63

1.34

1.37

1.46

2.82

2.35

1.26

0.59

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

0.02

-

-0.10

-0.43

-0.90

-0.14

2.19

-0.19

0.06

0.08

Basic (in dollars per share)

-0.01

-0.68

-0.25

-0.33

-0.40

-3.08

-0.19

-5.02

-0.34

-0.20

-0.51

-0.49

0.04

-0.10

-1.78

-0.82

-0.40

-0.24

0.13

-0.21

-0.48

-1.45

-0.35

-0.39

0.49

-0.56

-0.16

-0.11

-0.26

-0.24

0.30

0.31

0.43

0.53

0.91

0.47

1.32

5.01

2.16

1.32

0.67

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.22

0.20

0.28

0.42

0.65

1.31

1.31

1.36

2.61

2.22

1.15

0.54

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.10

0.02

-

-0.13

-0.41

-0.86

-0.12

2.04

-0.18

0.05

0.08

Diluted (in dollars per share)

-0.01

-0.68

-0.25

-0.33

-0.40

-3.08

-0.19

-5.02

-0.34

-0.20

-0.51

-0.49

0.04

-0.10

-1.78

-0.82

-0.40

-0.24

0.13

-0.21

-0.48

-1.44

-0.35

-0.39

0.48

-0.56

-0.16

-0.11

-0.26

-0.23

0.30

0.30

0.42

0.52

0.90

0.45

1.24

4.65

2.04

1.20

0.62

Weighted average number of shares:
Basic (in shares)

47,811

48,479

47,489

47,112

46,848

47,348

46,982

47,311

46,963

47,480

46,941

42,656

39,619

40,151

39,131

38,965

39,113

38,790

40,846

39,693

39,639

39,443

39,401

39,379

39,177

38,907

38,841

38,764

38,716

38,700

38,577

38,370

38,261

38,457

39,335

40,998

39,842

39,505

39,946

39,761

38,784

Diluted (in shares)

47,811

48,479

47,489

47,112

46,848

47,348

46,982

47,311

46,963

46,959

46,941

42,656

40,140

40,151

39,131

38,965

39,113

38,657

40,979

39,693

39,639

38,683

39,401

39,379

39,937

38,907

38,841

38,764

38,716

39,184

39,169

38,988

38,863

39,018

40,069

43,002

42,531

42,023

42,258

43,506

42,269