Viavi Solutions Inc. VIAV Income Statement

Viavi solutions inc. (VIAV)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jul'17	Mar'17	Dec'16	Sep'16	Jul'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
Total net revenue
256,200	313,700	299,800	289,700	265,200	306,900	268,500	260,700	218,700	205,400	190,900	198,100	196,000	206,500	210,800	224,100	220,400	232,100	229,700	219,800	212,400	226,400	215,300	448,600	418,000	447,600	429,000	421,300	405,300	429,400	420,900	434,000	403,300	409,300	415,800	465,300	448,500	468,100	400,000	390,900	332,300	342,900	297,800
Cost of revenues:
Cost of revenue
109,400	124,200	125,400	120,200	111,700	128,900	118,100	127,700	95,400	86,000	78,200	79,500	79,000	81,800	85,700	88,000	89,100	90,300	89,200	88,700	85,400	93,300	86,400	228,200	222,300	232,800	232,400	229,000	233,000	225,800	231,200	237,600	221,400	219,400	219,900	248,100	235,600	241,600	214,000	217,500	188,100	192,200	168,400
Cost, Depreciation, Amortization and Depletion
8,000	8,400	8,400	8,600	7,900	8,500	9,400	12,300	6,200	4,100	4,100	3,200	3,600	3,700	3,800	4,300	4,100	4,600	4,300	5,600	9,000	9,200	8,100	10,900	11,000	9,900	11,400	14,600	17,000	14,600	17,100	14,800	14,100	15,400	14,300	14,400	14,300	14,100	14,100	13,500	12,300	12,500	12,300
Gross Profit
146,800	189,500	174,400	169,500	153,500	178,000	150,400	133,000	123,300	119,400	112,700	119,200	117,000	124,700	125,100	136,100	131,300	141,800	140,500	131,100	127,000	133,100	128,900	209,500	184,700	204,900	185,200	177,700	155,300	189,000	172,600	181,600	167,800	174,500	181,600	202,800	198,600	212,400	171,900	159,900	131,900	138,200	117,100
Operating expenses:
Research and development
46,800	50,300	51,500	49,800	48,700	45,900	42,600	42,200	32,100	29,900	29,100	30,200	34,100	35,900	36,100	40,400	40,000	41,700	44,300	45,400	42,100	44,200	41,600	80,000	74,100	72,300	69,600	67,600	65,800	63,500	61,600	63,800	62,000	58,900	59,300	62,300	60,200	59,600	55,900	51,400	42,200	41,500	39,800
Selling, general and administrative
83,600	86,300	93,200	83,800	86,800	88,500	84,400	88,900	86,000	76,700	72,300	71,600	76,200	76,900	75,400	89,800	80,600	85,800	94,900	91,100	95,500	96,100	93,600	120,900	113,400	109,000	107,100	111,900	107,300	105,400	104,700	106,900	104,500	105,300	110,300	108,600	109,700	108,500	106,200	103,700	92,300	94,700	92,200
Amortization of Intangible Assets
8,900	8,800	8,700	8,700	9,200	10,400	9,800	10,000	4,500	3,400	3,100	3,600	3,500	3,400	3,500	3,500	3,600	3,700	3,800	4,800	4,800	4,900	5,000	5,100	5,200	2,800	2,700	3,900	3,100	2,200	3,500	5,500	5,700	5,400	5,100	5,900	6,400	6,500	7,100	8,000	6,300	6,500	7,000
Restructuring Charges
-1,600	-900	300	-600	900	300	14,800	4,000	300	2,500	1,500	1,400	18,400	1,800	0	8,800	-100	1,400	400	8,800	7,800	9,100	1,100	20,000	3,600	1,000	800	12,900	400	3,000	2,700	4,900	2,000	4,000	1,500	4,400	7,600	2,500	300	3,400	1,200	8,000	5,100
Loss (gain) on disposal and impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	200	-	-	-3,500	500	500	500
Total operating expenses
137,700	144,500	153,700	141,700	145,600	145,100	151,600	145,100	122,900	112,500	106,000	106,800	132,200	118,000	115,000	233,900	124,100	132,600	143,400	150,100	150,200	154,300	141,300	226,000	196,300	185,100	178,600	196,300	176,600	174,100	172,500	181,100	174,200	173,600	176,200	182,500	184,100	177,100	169,500	163,000	142,500	151,200	144,600
Operating Income (Loss)
9,100	45,000	20,700	27,800	7,900	32,900	-1,200	-12,100	400	6,900	6,700	5,400	-15,200	6,700	10,100	-97,800	7,200	9,200	-2,900	-19,000	-23,200	-21,200	-12,400	-16,500	-11,600	19,800	6,600	-18,600	-21,300	14,900	100	500	-6,400	900	5,400	20,300	14,500	35,300	2,400	-3,100	-10,600	-13,000	-27,500
Interest income and other income, net
5,300	1,300	2,700	2,600	900	1,500	1,700	3,200	3,500	2,900	200	3,000	5,000	3,800	1,300	1,100	800	1,700	-1,100	2,500	300	300	600	100	600	400	-600	-400	-900	-2,400	-400	10,600	200	1,000	1,000	400	0	1,500	300	-200	4,300	2,300	3,200
(Loss) gain on sale of investments
-	-	-	-	-	-	-	0	-100	0	0	16,500	51,200	53,900	81,500	31,800	39,800	0	0	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	3,200	13,200	-200	-100	200
Interest expense
8,400	8,400	8,300	8,100	8,000	8,100	10,100	11,700	11,400	11,700	12,500	13,900	10,700	9,400	9,200	9,000	9,100	8,800	8,800	8,600	8,200	8,300	8,200	8,400	7,700	8,400	5,200	2,500	4,200	5,100	6,100	7,200	6,900	6,600	6,600	6,500	6,200	6,400	6,300	6,200	5,900	6,300	5,900
Income before taxes
6,000	37,900	15,100	-	800	26,300	-9,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	600	600	-
Income (loss) from continuing operations before income taxes
-	-	-	-	-	-	-	-20,600	-7,600	-1,900	-5,600	11,000	30,300	55,000	83,700	-73,900	38,700	2,100	-12,800	-25,100	-31,000	-29,200	-20,000	-24,800	-18,700	11,800	800	-21,500	-26,400	7,400	-6,400	3,900	-13,100	-4,700	-200	14,200	8,400	30,500	-400	3,500	-13,000	-17,700	-30,000
Provision for income taxes
38,800	9,900	8,300	9,300	5,600	10,900	5,700	8,600	3,100	-800	2,000	5,600	4,300	5,800	5,700	-9,400	9,900	1,100	2,900	7,000	4,800	8,500	5,800	600	-17,200	3,000	500	-113,000	1,600	4,100	3,400	2,500	3,100	3,000	3,400	3,000	-32,100	5,200	-2,100	1,800	-1,700	1,700	700
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-32,800	28,000	-	-	-4,800	15,400	-	-	-10,700	-1,100	-	12,100	-	-	-	-64,500	28,800	1,000	-15,700	-32,100	-35,800	-37,700	-25,800	-	-	-	-	91,500	-28,000	3,300	-9,800	1,400	-16,200	-7,700	-3,600	11,200	40,500	25,300	1,700	1,700	-11,300	-19,400	-30,700
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
0	0	-	-	0	-2,400	-	-	0	0	-	1,600	-	-	-	-3,400	5,000	3,000	-53,400	-8,000	22,600	12,600	16,100	-	-	-	-	1,000	0	800	-1,800	-23,600	-1,200	-2,500	-2,200	-1,900	-1,900	-1,700	-1,600	-200	-600	-100	-1,200
Net Income (Loss) Attributable to Parent
-32,800	28,000	6,800	12,500	-4,800	13,000	-15,300	-29,200	-10,700	-1,100	-7,600	13,700	26,000	49,200	78,000	-67,900	33,800	4,000	-69,100	-40,100	-13,200	-25,100	-9,700	-25,400	-1,500	8,800	300	92,500	-28,000	4,100	-11,600	-22,200	-17,400	-10,200	-5,800	9,300	38,600	23,600	100	1,500	-11,900	-19,500	-31,900
Earnings Per Share, Basic [Abstract]
Continuing operations (in dollars per share)
-0.14	0.12	-	-	-0.02	0.07	-	-	-	0.00	-	0.05	-	-	-	-0.29	0.13	0.01	-0.07	-	-0.16	-	-	-	-	-	-	0.39	-0.12	0.02	-0.04	0.01	-0.07	-0.03	-0.02	0.05	0.18	0.12	0.01	-	-	-	-
Discontinued operations (in dollars per share)
0.00	0.00	-	-	0.00	-0.01	-	-	-	0.00	-	0.01	-	-	-	-0.01	0.02	0.01	-0.22	-	0.10	-	-	-	-	-	-	-	0.00	0.01	-0.01	-0.11	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-	-	-	-
Net income (loss) per share - basic (in dollars per share)
-0.14	0.12	0.03	0.05	-0.02	0.06	-0.07	-	-	0.00	-0.03	0.06	0.11	0.21	0.34	-0.30	0.15	0.02	-0.29	-	-0.06	-	-	-0.11	-0.01	0.04	0.00	0.39	-0.12	0.02	-0.05	-0.10	-0.08	-0.04	-0.03	0.04	0.17	0.11	-	0.01	-0.05	-0.09	-0.15
Earnings Per Share, Diluted [Abstract]
Continuing operations (in dollars per share)
-0.14	0.12	-	-	-0.02	0.07	-	-	-	0.00	-	0.05	-	-	-	-0.28	0.12	0.01	-0.07	-	-0.16	-	-	-	-	-	-	0.38	-0.12	0.02	-0.04	0.01	-0.07	-0.03	-0.02	0.05	0.17	0.11	0.01	-	-	-	-
Discontinued operations (in dollars per share)
0.00	0.00	-	-	0.00	-0.01	-	-	-	0.00	-	0.01	-	-	-	-0.01	0.02	0.01	-0.22	-	0.10	-	-	-	-	-	-	-	0.00	0.01	-0.01	-0.11	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-	-	-	-
Net income (loss) per share - diluted (in dollars per share)
-0.14	0.12	0.03	0.05	-0.02	0.06	-0.07	-	-	0.00	-0.03	0.06	0.11	0.21	0.33	-0.29	0.14	0.02	-0.29	-	-0.06	-	-	-0.11	-0.01	0.04	0.00	0.38	-0.12	0.02	-0.05	-0.10	-0.08	-0.04	-0.03	0.04	0.16	0.10	-	0.01	-0.05	-0.09	-0.15
Net loss per share from - basic and diluted:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-0.05	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	-0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss per share - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-0.05	-	-	-	-	-	-	-	-	-	-	-	-	-0.11	-0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic (in shares)
230,000	230,000	229,400	228,600	228,300	228,300	227,200	-	-	227,400	228,100	227,300	229,400	230,500	232,400	233,100	232,000	234,900	236,000	-	233,200	232,100	-	234,300	234,000	233,000	235,300	236,900	235,900	234,400	232,800	231,700	230,600	229,400	228,400	227,200	225,600	222,900	221,800	220,400	219,400	218,300	217,500
Weighted Average Number of Shares Outstanding, Diluted
230,000	238,300	236,400	238,900	228,300	230,400	227,200	-	-	227,400	228,100	232,500	234,600	234,200	236,800	228,300	234,600	237,100	236,000	-	233,200	232,100	-	234,300	234,000	235,800	239,600	241,100	235,900	237,100	232,800	231,700	230,600	229,400	228,400	235,700	235,400	229,100	227,500	227,600	219,400	218,300	217,500
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	226,300	-	-	-	-	-	-	-	-	-	-	-	-	-	230,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product [Member]
Total net revenue
223,800	281,900	264,800	258,200	232,100	272,800	241,100	232,900	193,200	181,300	165,100	157,500	176,000	184,200	188,300	201,700	198,500	208,400	200,200	197,100	186,600	196,000	191,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
89,200	103,700	104,300	99,300	91,600	106,000	97,900	101,200	77,300	69,500	62,600	63,000	63,300	64,700	68,600	68,500	70,500	71,200	67,900	68,800	62,000	67,500	60,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Total net revenue
32,400	31,800	35,000	31,500	33,100	34,100	27,400	27,800	25,500	24,100	25,800	34,200	20,000	22,300	22,500	22,400	21,900	23,700	29,500	22,700	25,800	30,400	23,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
12,200	12,100	12,700	12,300	12,200	14,400	10,800	14,200	11,900	12,400	11,500	13,300	12,100	13,400	13,300	15,200	14,500	14,500	17,000	14,300	14,400	16,600	17,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-