WATERS CORP /DE/ WAT Income Statement

Waters corp /de/ (WAT)

Income statement / TTM

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
2,357	2,406	2,405	2,406	2,403	2,419	2,392	2,379	2,341	2,309	2,250	0	0	2,167	2,125	2,098	0	2,042	2,039	2,032	2,019	1,989	1,970	1,935	1,904	1,904	1,860	1,853	1,853	1,843	1,843	1,847	1,844	1,851	1,813	1,759	1,703	1,643	1,588	1,561	1,533	1,498	1,456	1,480	0	0	0
Costs and operating expenses:
Costs and operating expenses
-	1,010	-	-	-	992	-	970	-	947	0	-	-	-	-	-	-	-	-	-	-	824	820	810	796	783	762	753	744	737	733	731	727	730	715	698	677	653	634	624	613	594	583	605	0	0	0
Gross profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,164	1,150	1,124	1,107	1,120	1,097	1,099	1,108	1,106	1,109	1,116	1,116	1,120	1,097	1,061	1,026	990	954	937	919	903	872	875	0	0	0
Selling and administrative expenses
548	534	536	537	540	536	542	550	544	544	526	0	0	513	511	512	0	495	498	496	505	512	511	509	500	492	484	479	478	477	481	487	490	490	484	474	455	445	434	426	428	421	418	428	0	0	0
Research and development expenses
142	142	143	144	143	143	140	139	136	132	130	0	0	125	120	121	0	118	118	115	111	107	105	102	99	100	98	98	97	96	94	94	93	92	91	88	86	84	81	79	78	77	77	80	0	0	0
Purchased intangibles amortization
10	9	9	8	8	7	7	6	6	6	7	0	0	9	10	10	0	10	10	10	10	10	10	10	10	9	9	13	13	13	13	9	9	9	10	10	10	10	10	10	10	10	10	10	0	0	0
Litigation provision
0	-	-	-	-	0	-0	-9	0	0	-	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquired in-process research and development (Note 2)
-	-	-	-	-	-	-	-	-	5	0	0	0	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and operating expenses
1,702	1,698	1,688	1,691	1,686	1,680	1,666	1,666	1,653	1,646	1,610	0	0	1,543	1,527	1,517	0	1,474	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
655	708	716	715	716	739	725	713	687	662	639	0	0	624	597	581	0	567	558	561	549	517	522	502	496	517	500	503	510	511	516	522	522	528	511	488	473	449	428	420	401	394	366	357	0	0	0
Other expense
-3	-3	-46	-47	-48	-47	-2	-1	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
51	48	46	46	46	48	52	55	57	56	53	0	0	44	42	39	0	36	36	36	35	34	32	30	30	30	29	29	28	28	27	26	24	21	19	16	15	13	12	11	10	10	-1	-14	0	0	0
Interest income
17	22	28	34	37	38	39	38	38	36	31	0	0	20	17	14	0	10	9	8	7	7	5	5	4	4	4	4	4	4	3	2	2	2	2	2	2	1	2	2	2	3	8	12	0	0	0
Income before income taxes
618	678	651	656	658	682	710	694	668	641	617	0	0	600	572	556	0	541	531	533	521	490	495	476	469	490	473	476	486	487	493	499	501	509	495	474	460	437	417	411	393	386	355	343	0	0	0
Provision for income taxes
81	86	74	76	68	88	654	644	641	620	70	0	0	78	74	67	0	72	61	66	63	59	73	70	70	40	-10	-8	-7	26	70	74	74	76	73	58	59	56	58	70	67	63	64	45	0	0	0
Net income
536	592	576	579	590	593	55	50	26	20	547	0	0	521	498	489	0	469	469	466	457	431	421	406	399	450	484	485	493	461	422	424	427	432	422	415	400	381	359	340	325	323	290	297	0	0	0
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	63	66	68	71	74	76	77	78	79	79	79	80	80	80	80	81	81	82	82	83	83	83	84	84	85	85	85	86	86	87	88	88	89	90	91	91	91	91	92	93	94	95	96	97	98	99
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	64	66	69	72	75	77	78	79	79	80	80	80	80	81	81	81	82	82	83	83	84	84	85	85	86	86	86	87	87	88	89	90	90	92	93	93	93	93	94	95	96	96	96	97	100	101
Product [Member]
Total net sales
1,520	1,567	1,576	1,584	1,586	1,604	1,586	1,583	1,567	1,552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Costs and operating expenses
630	642	639	645	648	656	642	642	630	623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Service [Member]
Total net sales
836	839	828	821	816	814	806	796	774	756	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Costs and operating expenses
370	367	359	353	343	336	333	328	326	323	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0