The Middleby Corporation
Income Statement
| Line Item | FY2016 | FY2015 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.27B | $1.64B | $1.43B | $1.04B | $855.9M | $646.6M | $651.9M |
| Cost of Revenue | $1.37B | $996.0M | $878.7M | $635.2M | $511.8M | $396.0M | $403.7M |
| Gross Profit | $901.2M | $640.6M | $550.0M | $403.0M | $344.1M | $250.6M | $248.1M |
| Gross Margin | 39.7% | 39.1% | 38.5% | 38.8% | 40.2% | 38.8% | 38.1% |
| Operating Expenses | |||||||
| Research & Development | $26.3M | $22.6M | $21.4M | $14.1M | $10.4M | $7.1M | — |
| SG&A Expense | $471.6M | $157.0M | $140.8M | $108.8M | $104.3M | $74.9M | $64.9M |
| Operating Income | $419.0M | $300.4M | $244.5M | $188.1M | $148.7M | $111.4M | $119.6M |
| Operating Margin | 18.5% | 18.4% | 17.1% | 18.1% | 17.4% | 17.2% | 18.3% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $421.3M | $280.8M | $225.8M | $174.4M | $140.4M | $99.7M | $104.2M |
| Income Tax Expense | $137.1M | $87.5M | $71.9M | $53.7M | $45.0M | $38.6M | $40.3M |
| Net Income | $284.2M | $193.3M | $153.9M | $120.7M | $95.5M | $61.2M | $63.9M |
| Net Margin | 12.5% | 11.8% | 10.8% | 11.6% | 11.2% | 9.5% | 9.8% |
| EPS (Basic) | $4.98 | $3.41 | $2.76 | $2.22 | $1.77 | $1.16 | $1.33 |
| EPS (Diluted) | $4.98 | $3.40 | $2.74 | $2.20 | $1.72 | $1.10 | $1.25 |
| Shares Outstanding (Basic) | 57.0M | 56.8M | 55.8M | 54.4M | 54.0M | 52.8M | 47.9M |
| Shares Outstanding (Diluted) | 57.1M | 56.8M | 56.1M | 54.8M | 55.6M | 55.7M | 51.1M |
| Dividends Per Share | — | — | — | — | — | — | — |