Daqo New Energy Corp.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $323.2M | $196.2M | $182.0M | $182.6M | $109.0M | $86.9M | $232.2M | $252.8M |
| Cost of Revenue | $179.2M | $118.4M | $144.5M | $139.3M | $135.1M | $124.3M | $144.9M | $144.7M |
| Gross Profit | $144.0M | $77.8M | $37.5M | $43.3M | $-26.1M | $-37.4M | $87.2M | $108.2M |
| Gross Margin | 44.6% | 39.7% | 20.6% | 23.7% | -23.9% | -43.1% | 37.6% | 42.8% |
| Operating Expenses | ||||||||
| Research & Development | $676.3K | $3.9M | $923.7K | $1.5M | $3.4M | $4.1M | $744.3K | $1.4M |
| SG&A Expense | $16.0M | $15.1M | $12.6M | $10.3M | $18.1M | $12.9M | $13.1M | $15.2M |
| Operating Income | $130.8M | $61.1M | $26.2M | $32.0M | $-200.6M | $-88.5M | $50.8M | $95.6M |
| Operating Margin | 40.5% | 31.2% | 14.4% | 17.5% | -184.1% | -101.9% | 21.9% | 37.8% |
| Interest Expense | $16.3M | $12.7M | $13.2M | $15.7M | $19.3M | $15.4M | $9.3M | $9.8M |
| Pretax Income | $115.0M | $48.6M | $14.2M | $16.6M | $-219.8M | $-103.0M | $43.5M | $85.7M |
| Income Tax Expense | $17.3M | $7.4M | $1.1M | — | $1.3M | $10.3M | $2.7M | $13.3M |
| Net Income | $92.8M | $43.5M | $13.0M | $16.6M | $-70.9M | $-111.9M | $33.3M | $68.6M |
| Net Margin | 28.7% | 22.2% | 7.1% | 9.1% | -65.1% | -128.9% | 14.4% | 27.1% |
| EPS (Basic) | $0.35 | $0.17 | $0.05 | $0.08 | $-0.41 | $-0.64 | $0.19 | $0.46 |
| EPS (Diluted) | $0.34 | $0.16 | $0.05 | $0.08 | $-0.41 | $-0.64 | $0.19 | $0.46 |
| Shares Outstanding (Basic) | 265.1M | 261.7M | 258.0M | 206.3M | 173.1M | 175.1M | 175.7M | 117.8M |
| Shares Outstanding (Diluted) | 272.9M | 264.8M | 261.4M | 211.4M | 173.1M | 175.1M | 175.7M | 140.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |