Dover Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.82B | $6.04B | $6.96B | $7.75B | $7.16B | $6.63B | $7.37B | $6.11B |
| Cost of Revenue | $4.29B | $3.82B | $4.39B | $4.78B | $4.38B | $4.05B | $4.52B | $3.69B |
| Gross Profit | $2.53B | $2.23B | $2.57B | $2.97B | $2.78B | $2.58B | $2.84B | $2.42B |
| Gross Margin | 37.1% | 36.9% | 36.9% | 38.4% | 38.8% | 38.9% | 38.6% | 39.7% |
| Operating Expenses | ||||||||
| Research & Development | $130.5M | $115.8M | $115.0M | $118.4M | $117.2M | $123.6M | $175.5M | $159.3M |
| SG&A Expense | $1.72B | $1.52B | $1.65B | $1.76B | $1.62B | $1.52B | $1.72B | $1.50B |
| Operating Income | $806.9M | $709.0M | $920.8M | $1.22B | $1.16B | $1.06B | $1.12B | $923.0M |
| Operating Margin | 11.8% | 11.7% | 13.2% | 15.7% | 16.2% | 16.0% | 15.3% | 15.1% |
| Interest Expense | $144.9M | $136.0M | $131.7M | $131.7M | — | — | — | $115.5M |
| Pretax Income | $875.8M | $684.6M | $800.6M | $1.09B | $1.05B | $931.1M | $1.01B | $813.1M |
| Income Tax Expense | $129.2M | $182.5M | $204.7M | $316.1M | $248.5M | $281.0M | $237.1M | $193.6M |
| Net Income | $811.7M | $508.9M | $869.8M | $775.2M | $1.00B | $811.1M | $895.2M | $700.1M |
| Net Margin | 11.9% | 8.4% | 12.5% | 10.0% | 14.0% | 12.2% | 12.1% | 11.5% |
| EPS (Basic) | $5.21 | $3.28 | $5.52 | $4.65 | $5.86 | $4.47 | $4.82 | $3.75 |
| EPS (Diluted) | $5.15 | $3.25 | $5.46 | $4.59 | $5.78 | $4.41 | $4.74 | $3.70 |
| Shares Outstanding (Basic) | 155.7M | 155.2M | 157.6M | 166.7M | 171.3M | 181.6M | 185.9M | 186.9M |
| Shares Outstanding (Diluted) | 157.7M | 156.6M | 159.2M | 168.8M | 173.5M | 184.0M | 188.9M | 189.2M |
| Dividends Per Share | $1.82 | $1.72 | $1.64 | $1.55 | $1.45 | $1.33 | $1.18 | $1.07 |