ADTRAN Holdings, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $666.9M | $636.8M | $600.1M | $630.0M | $641.7M | $620.6M | $717.2M | $605.7M |
| Network Solutions | $540.4M | $525.5M | $527.4M | $559.5M | — | — | — | — |
| Services & Support | $126.5M | $111.3M | $72.6M | $70.5M | — | — | — | — |
| Carrier Networks | — | — | — | — | $500.7M | $492.1M | $569.6M | $476.0M |
| Enterprise Networks | — | — | — | — | $141.0M | $128.5M | $147.7M | $129.6M |
| Cost of Revenue | $363.3M | $345.5M | $333.2M | $318.7M | $332.9M | $304.0M | $302.9M | $246.8M |
| Gross Profit | $303.6M | $291.3M | $266.9M | $311.3M | $308.9M | $316.6M | $414.3M | $358.9M |
| Gross Margin | 45.5% | 45.8% | 44.5% | 49.4% | 48.1% | 51.0% | 57.8% | 59.3% |
| Operating Expenses | ||||||||
| Research & Development | $130.7M | $124.9M | $129.9M | $132.3M | $131.1M | $126.0M | $100.3M | $90.3M |
| SG&A Expense | $135.6M | $131.8M | $123.5M | $132.0M | $129.4M | $134.5M | $124.9M | $114.7M |
| Operating Income | $37.4M | $34.6M | $13.5M | $47.1M | $48.5M | $56.2M | $189.1M | $153.9M |
| Operating Margin | 5.6% | 5.4% | 2.2% | 7.5% | 7.6% | 9.1% | 26.4% | 25.4% |
| Interest Expense | $556.0K | $572.0K | $596.0K | $677.0K | $2.3M | $2.3M | $2.4M | $2.4M |
| Pretax Income | $44.7M | $46.9M | $25.7M | $59.9M | $60.9M | $73.0M | $206.1M | $168.2M |
| Income Tax Expense | $20.8M | $11.7M | $7.1M | $15.3M | $15.1M | $25.7M | $67.6M | $54.2M |
| Net Income | $23.8M | $35.2M | $18.6M | $44.6M | $45.8M | $47.3M | $138.6M | $114.0M |
| Net Margin | 3.6% | 5.5% | 3.1% | 7.1% | 7.1% | 7.6% | 19.3% | 18.8% |
| EPS (Basic) | $0.50 | $0.72 | $0.36 | $0.81 | $0.78 | $0.75 | $2.16 | $1.82 |
| EPS (Diluted) | $0.49 | $0.72 | $0.36 | $0.80 | $0.77 | $0.74 | $2.12 | $1.78 |
| Shares Outstanding (Basic) | 48.2M | 48.7M | 51.1M | 55.1M | 59.0M | 63.3M | 64.1M | 62.5M |
| Shares Outstanding (Diluted) | 48.7M | 48.9M | 51.3M | 55.5M | 59.4M | 63.8M | 65.4M | 63.9M |
| Dividends Per Share | $0.09 | — | — | — | — | — | — | — |