IPG PHOTONICS CORP
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.41B | $1.01B | $901.3M | $769.8M | $648.0M | $562.5M | $474.5M | $299.3M |
| Cost of Revenue | $612.0M | $453.9M | $409.4M | $353.3M | $308.1M | $257.8M | $217.2M | $152.8M |
| Gross Profit | $796.9M | $552.2M | $491.9M | $416.5M | $339.9M | $304.7M | $257.3M | $146.5M |
| Gross Margin | 56.6% | 54.9% | 54.6% | 54.1% | 52.5% | 54.2% | 54.2% | 48.9% |
| Operating Expenses | ||||||||
| Research & Development | $100.9M | $78.6M | $63.3M | $53.4M | $41.7M | $31.4M | $25.4M | $19.2M |
| SG&A Expense | $80.7M | $66.5M | $57.2M | $55.3M | $50.9M | $39.2M | $37.4M | $28.6M |
| Operating Income | $551.1M | $364.3M | $342.0M | $283.8M | $218.1M | $208.9M | $175.5M | $80.4M |
| Operating Margin | 39.1% | 36.2% | 38.0% | 36.9% | 33.7% | 37.1% | 37.0% | 26.9% |
| Interest Expense | — | — | — | — | — | — | $681.0K | $1.2M |
| Pretax Income | $551.9M | $366.6M | $341.6M | $284.5M | $218.3M | $209.2M | $174.6M | $79.3M |
| Income Tax Expense | $204.3M | $105.8M | $99.6M | $84.0M | $62.5M | $61.5M | $53.6M | $24.9M |
| Net Income | $347.6M | $260.8M | $242.2M | $200.4M | $155.8M | $145.0M | $117.8M | $54.0M |
| Net Margin | 24.7% | 25.9% | 26.9% | 26.0% | 24.0% | 25.8% | 24.8% | 18.0% |
| EPS (Basic) | $6.50 | $4.91 | $4.60 | $3.85 | $3.02 | $2.87 | $2.48 | $1.16 |
| EPS (Diluted) | $6.36 | $4.85 | $4.53 | $3.79 | $2.97 | $2.81 | $2.41 | $1.13 |
| Shares Outstanding (Basic) | 53.5M | 53.1M | 52.7M | 52.1M | 51.5M | 50.5M | 47.4M | 46.4M |
| Shares Outstanding (Diluted) | 54.7M | 53.8M | 53.4M | 52.8M | 52.4M | 51.5M | 48.7M | 47.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |