WATERS CORP /DE/ WAT Income Statement

Waters corp /de/ (WAT)

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	Apr'17	Dec'16	Oct'16	Jul'16	Apr'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	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Total net sales
464,939	716,294	577,278	599,162	513,862	715,019	578,021	596,219	530,670	687,275	565,584	558,250	497,969	628,787	526,830	536,560	475,246	586,610	500,578	494,740	460,404	583,870	493,165	481,801	430,508	565,448	457,317	451,115	430,338	521,766	449,952	451,465	420,458	521,420	454,534	447,627	427,603	483,578	401,038	391,055	367,700	428,848	373,963	362,837	333,052	386,310	398,771
Costs and operating expenses:
Costs and operating expenses
-	299,068	-	-	-	286,869	-	243,135	-	270,453	235,892	-	-	-	-	-	-	-	-	-	-	233,119	202,222	201,853	187,719	228,991	191,568	188,329	174,568	208,363	182,702	179,259	167,290	204,243	180,318	176,103	169,829	189,253	162,985	155,133	145,932	170,131	153,143	144,154	127,454	158,520	175,232
Gross profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	350,751	290,943	279,948	242,789	336,457	265,749	262,786	255,770	313,403	267,250	272,206	253,168	317,177	274,216	271,524	257,774	294,325	238,053	235,922	221,768	258,717	220,820	218,683	205,598	227,790	223,539
Selling and administrative expenses
147,735	141,208	126,036	133,208	134,339	142,853	126,997	136,645	130,407	148,391	135,206	130,093	130,673	130,238	123,861	129,581	129,351	128,681	124,655	122,660	119,751	131,916	122,226	131,930	126,635	130,680	120,563	123,062	118,660	122,147	115,322	122,682	117,119	126,237	121,211	125,439	117,124	120,518	111,306	106,939	106,693	109,986	102,675	109,583	99,159	107,463	111,935
Research and development expenses
34,989	37,072	34,333	36,490	35,060	38,106	35,173	35,644	34,480	35,122	33,782	32,937	30,752	32,753	30,418	32,578	29,438	28,336	30,703	30,555	28,951	28,724	27,279	26,977	24,746	26,975	23,599	24,650	25,312	24,958	23,756	23,943	23,347	23,707	23,372	23,014	22,254	22,867	20,524	20,807	20,076	19,790	19,310	19,722	18,332	19,946	22,228
Purchased intangibles amortization
2,625	2,529	2,619	2,264	2,281	2,337	2,114	1,602	1,659	1,639	1,682	1,693	1,729	2,358	2,476	2,411	2,644	2,576	2,573	2,500	2,474	2,616	2,725	2,646	2,647	2,625	2,518	2,382	2,393	2,459	6,427	2,458	2,485	2,359	2,369	2,504	2,501	2,764	2,408	2,592	2,642	2,637	2,723	2,683	2,616	2,349	2,352
Litigation provision
-666	-	-	-	-	-322	-924	0	1,672	-1,096	-	-10,018	-	-3,524	-	-	-	-3,939	-	-	-	-	-	-	-	-	-	-	-	-4,434	-	-3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired in-process research and development (Note 2)
-	-	-	-	-	-	-	-	-	0	0	0	5,000	-	-	-	-	3,855	-	-	-	15,456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and operating expenses
396,659	479,877	404,043	421,508	392,711	470,487	406,347	417,026	386,295	456,701	406,562	404,368	379,249	420,452	375,099	384,949	362,584	405,302	364,735	364,422	340,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
68,280	236,417	173,235	177,654	121,151	244,532	171,674	179,193	144,375	230,574	159,022	153,882	118,720	208,335	151,731	151,611	112,662	181,308	135,843	130,318	119,982	172,039	138,713	118,395	88,761	176,177	119,069	112,692	109,405	159,405	121,745	120,123	110,217	164,874	127,264	120,567	115,895	148,176	103,815	105,584	92,357	126,304	96,112	86,695	85,491	98,032	87,024
Other expense
-374	-2,223	-496	-342	-525	-45,501	-811	-1,828	346	-404	12	-97	149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
14,079	14,223	11,456	11,448	11,563	11,676	11,435	11,692	13,838	15,281	14,750	14,083	12,725	12,102	11,707	10,983	10,119	9,205	9,017	9,046	8,975	9,669	9,062	7,971	7,489	7,927	7,358	7,580	7,185	7,597	7,107	6,878	6,491	6,677	6,159	5,052	4,083	3,879	3,810	3,621	2,614	2,343	2,864	2,649	3,130	-10,570	-9,807
Interest income
4,036	4,417	3,455	5,871	8,315	10,451	9,802	8,888	9,666	10,849	9,516	8,370	7,343	6,346	5,426	4,827	4,087	3,135	2,736	2,500	2,340	2,103	1,762	1,700	1,458	1,075	946	1,179	1,187	1,224	1,184	1,031	769	484	613	813	713	562	516	448	329	748	785	595	908	6,028	4,952
Income before income taxes
57,863	224,388	164,738	171,735	117,378	197,806	169,230	174,561	140,549	225,738	153,800	148,072	113,487	202,579	145,450	145,455	106,630	175,238	129,562	123,772	113,347	164,473	131,413	112,124	82,730	169,325	112,657	104,716	103,407	153,032	115,822	114,276	104,495	158,681	121,718	116,328	112,525	144,859	100,521	102,411	90,072	124,709	94,033	84,641	83,269	93,490	82,169
Provision for income taxes
4,301	23,719	26,605	27,325	8,392	12,654	28,216	18,884	28,598	578,910	17,696	16,250	7,930	28,201	20,594	17,238	12,578	23,961	13,281	18,115	17,286	13,181	17,916	15,595	12,428	27,743	14,609	15,402	-17,652	-22,912	16,713	16,552	15,829	21,534	20,461	16,253	18,036	18,255	5,802	17,489	14,554	20,586	18,097	14,734	9,922	21,987	-979
Net income
53,562	200,669	138,133	144,410	108,986	185,152	141,014	155,677	111,951	-353,172	136,104	131,822	105,557	174,378	124,856	128,217	94,052	151,277	116,281	105,657	96,061	151,292	113,497	96,529	70,302	141,582	98,048	89,314	121,059	175,944	99,109	97,724	88,666	137,147	101,257	100,075	94,489	126,604	94,719	84,922	75,518	104,123	75,936	69,907	73,347	71,503	83,148
Net income per basic common share
0.86	3.15	2.09	2.09	1.52	2.48	1.84	2.00	1.42	-4.44	1.71	1.65	1.32	2.17	1.55	1.59	1.16	1.85	1.42	1.28	1.16	1.82	1.36	1.14	0.83	1.67	1.15	1.04	1.41	2.03	1.13	1.11	1.00	1.54	1.12	1.09	1.03	1.38	1.03	0.92	0.81	1.10	0.80	0.73	0.75	0.72	0.83
Weighted-average number of basic common shares
62,232	63,795	66,226	68,989	71,704	74,802	76,575	77,833	78,883	79,454	79,712	79,979	80,073	80,366	80,677	80,804	81,275	81,650	82,036	82,564	83,025	83,217	83,663	84,462	84,977	85,006	85,185	85,482	86,049	86,712	87,411	88,317	88,992	89,324	90,688	91,662	91,649	91,583	91,714	92,612	93,629	94,516	95,235	96,147	97,304	98,891	99,586
Net income per diluted common share
0.86	3.12	2.07	2.08	1.51	2.46	1.83	1.98	1.40	-4.44	1.69	1.63	1.31	2.15	1.53	1.57	1.15	1.84	1.40	1.27	1.15	1.80	1.34	1.13	0.82	1.65	1.14	1.03	1.39	2.00	1.12	1.09	0.98	1.51	1.10	1.07	1.01	1.36	1.02	0.90	0.79	1.08	0.79	0.72	0.75	0.71	0.82
Weighted-average number of diluted common shares and equivalents
62,626	64,348	66,768	69,494	72,415	75,345	77,136	78,438	79,715	79,454	80,521	80,756	80,769	80,954	81,388	81,455	81,974	82,382	82,784	83,332	83,752	84,015	84,401	85,177	85,873	86,017	86,364	86,576	87,215	87,851	88,451	89,381	90,269	90,566	92,060	93,271	93,313	93,344	93,286	94,278	95,223	96,111	96,513	96,996	97,927	100,566	101,035
Product [Member]
Total net sales
274,183	488,848	370,573	387,265	320,503	498,485	378,522	388,869	339,117	479,665	375,550	372,838	324,296	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	277,717	287,121
Costs and operating expenses
119,839	203,548	149,793	156,975	132,390	200,005	155,825	159,979	140,466	186,414	155,621	148,023	133,156	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109,278	121,256
Service [Member]
Total net sales
190,756	227,446	206,705	211,897	193,359	216,534	199,499	207,350	191,553	207,610	190,034	185,412	173,673	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108,593	111,650
Costs and operating expenses
90,805	95,520	91,262	92,571	88,641	86,864	85,314	83,156	80,955	84,039	80,271	81,604	77,939	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,242	53,976