AEROVIRONMENT, INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $271.1M | $228.9M | $233.7M | $259.4M | $251.7M | $240.2M | $325.0M | $292.5M |
| Cost of Revenue | $162.2M | $133.8M | $128.2M | $155.1M | $158.1M | $147.6M | $195.7M | $175.4M |
| Gross Profit | $107.7M | $96.9M | $105.6M | $104.3M | $93.6M | $92.5M | $129.3M | $117.2M |
| Gross Margin | 39.7% | 42.3% | 45.2% | 40.2% | 37.2% | 38.5% | 39.8% | 40.1% |
| Operating Expenses | ||||||||
| Research & Development | $26.4M | $28.5M | $35.0M | $46.5M | $25.5M | $37.2M | $31.0M | $35.8M |
| SG&A Expense | $50.8M | $47.6M | $50.5M | $55.8M | $55.7M | $51.5M | $55.3M | $47.4M |
| Operating Income | $30.4M | $20.8M | $20.1M | $2.0M | $12.4M | $3.8M | $43.1M | $34.0M |
| Operating Margin | 11.2% | 9.1% | 8.6% | 0.8% | 4.9% | 1.6% | 13.3% | 11.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $31.3M | $22.4M | $18.4M | $1.9M | $14.9M | $10.8M | $43.5M | $34.2M |
| Income Tax Expense | $9.8M | $4.8M | $3.0M | $-1.0M | $1.2M | $347.0K | $13.1M | $8.3M |
| Net Income | $17.6M | $13.1M | $9.0M | $13.1M | $13.7M | $10.4M | $30.5M | $25.9M |
| Net Margin | 6.5% | 5.7% | 3.8% | 5.0% | 5.5% | 4.3% | 9.4% | 8.9% |
| EPS (Basic) | $0.76 | $0.57 | $0.39 | $0.13 | $0.61 | $0.47 | $1.40 | $1.20 |
| EPS (Diluted) | $0.75 | $0.56 | $0.39 | $0.13 | $0.60 | $0.47 | $1.36 | $1.17 |
| Shares Outstanding (Basic) | 23.5M | 23.1M | 22.9M | 22.9M | 22.4M | 22.1M | 21.8M | 21.6M |
| Shares Outstanding (Diluted) | 23.8M | 23.3M | 23.2M | 23.1M | 22.7M | 22.4M | 22.3M | 22.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.