Westport fuel systems inc. (WPRT)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Mar'11
Product revenue

240,320

172,987

97,844

118,015

148,001

132,382

25,863

Parts revenue

-

-

-

-

-

-

2,784

Service and other revenue

6,743

4,407

5,460

12,554

16,031

23,244

8,128

Revenue

247,063

177,394

103,304

130,569

164,032

155,626

36,775

Cost of revenue and expenses:
Cost of product revenue

182,916

141,030

85,232

101,053

148,690

102,486

23,993

Research and development

51,057

55,938

52,777

76,580

91,132

73,198

24,620

General and administrative

47,628

44,880

35,201

40,319

46,475

44,811

15,030

Sales and marketing

16,776

18,556

17,496

25,489

28,707

30,112

13,985

Restructuring costs (note 14)

1,682

19,000

0

0

-

-

-

Foreign exchange (gain) loss

-562

-6,565

11,601

3,433

15,168

-1,185

-3,289

Depreciation and amortization (notes 10 and 11)

9,826

11,244

11,736

15,536

-

-

-

Depreciation and amortization

-

-

-

-

16,288

11,395

3,375

Bank charges, interest and other

-

-

-

-

595

737

446

Impairments on long lived assets, net (note 10)

1,550

4,843

22,722

29,604

4,838

0

-

Provision for inventory purchase commitments (note 21(b))

-

-

-

4,106

0

0

-

Intangible impairment

-

-

-

-

1,721

0

-

Goodwill impairment

-

-

-

-

34,964

0

-

Cost of revenue and expenses

311,997

302,056

213,563

289,254

358,242

263,924

84,738

Loss from operations

-64,934

-124,662

-110,259

-158,685

-194,210

-108,298

-47,963

Income from investments accounted for by the equity method

12,514

5,838

17,551

15,863

13,444

16,190

8,627

Interest on long-term debt and amortization of discount

14,487

10,773

5,529

5,849

4,789

5,354

3,323

Bargain purchase gain from acquisition (note 5)

0

35,808

0

0

-

-

-

Interest and other income (expense), net of bank charges

1,377

-1,656

-186

114

-

-

-

Interest and other income

-

-

-

-

1,018

426

938

Loss before income taxes

-65,530

-95,445

-98,423

-148,557

-184,537

-97,036

-41,721

Income tax expense (recovery) (note 19):
Current

-2,780

1,610

1,245

606

1,414

2,147

-68

Deferred

-1,644

2,340

-514

-1,185

-541

-409

489

Income tax expense (recovery)

-4,424

3,950

731

-579

873

1,738

421

Net loss from continuing operations

-61,106

-99,395

-99,154

-

-

-

-

Net income from discontinued operations (note 6)

51,127

1,822

0

-

-

-

-

Net loss for the year

-9,979

-97,573

-99,154

-

-

-

-

Net loss for the year

-

-

-

-147,978

-185,410

-98,774

-42,142

Other comprehensive income (loss):
Cumulative translation adjustment

11,382

1,295

-16,889

-15,201

-17,308

3,745

-

Comprehensive (gain) loss

1,403

-96,278

-116,043

-

-

-

-

Income (Loss) per share, basic:
Income (loss) from continuing operations, per share

-0.51

-1.09

-1.55

-

-

-

-

Income (loss) from discontinued operation, per basic share

0.43

0.02

0.00

-

-

-

-

Income (Loss) per share, diluted:
Comprehensive loss

-

-

-

-163,179

-202,718

-95,029

-

Net income (loss) per share

-0.08

-1.07

-1.55

-2.34

-3.22

-1.83

-1.00

Weighted average common shares outstanding:
Weighted average common shares outstanding, basic

119,558

91,028

64,109

-

-

-

-

Basic and diluted (in shares)

-

-

-

63,130

57,633

54,072

42,305