NEWMARKET CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.20B | $2.05B | $2.14B | $2.34B | $2.28B | $2.21B | $2.14B | $1.80B |
| Cost of Revenue | $1.56B | $1.37B | $1.46B | $1.67B | $1.63B | $1.59B | $1.59B | $1.28B |
| Gross Profit | $636.4M | $677.2M | $679.1M | $665.4M | $653.3M | $630.5M | $552.0M | $515.5M |
| Gross Margin | 28.9% | 33.0% | 31.7% | 28.5% | 28.6% | 28.5% | 25.8% | 28.7% |
| Operating Expenses | ||||||||
| Research & Development | $146.0M | $160.8M | $158.3M | $139.2M | $136.6M | $55.0M | $51.0M | $91.2M |
| SG&A Expense | $167.7M | $161.6M | $164.1M | $163.5M | $164.9M | $154.2M | $151.6M | $137.0M |
| Operating Income | $322.7M | $354.8M | $356.7M | $362.7M | $351.8M | $358.4M | $333.5M | $287.3M |
| Operating Margin | 14.7% | 17.3% | 16.7% | 15.5% | 15.4% | 16.2% | 15.6% | 16.0% |
| Interest Expense | $21.9M | $16.8M | $14.7M | $16.6M | $17.8M | $8.4M | $14.2M | $17.3M |
| Pretax Income | $315.4M | $343.2M | $339.0M | $339.1M | $341.3M | $337.6M | $301.3M | $260.0M |
| Income Tax Expense | $124.9M | $99.8M | $100.4M | $105.8M | $99.0M | $100.3M | $95.9M | $82.9M |
| Net Income | $190.5M | $243.4M | $238.6M | $233.3M | $264.7M | $239.6M | $206.9M | $177.1M |
| Net Margin | 8.7% | 11.9% | 11.1% | 10.0% | 11.6% | 10.8% | 9.7% | 9.9% |
| EPS (Basic) | $16.08 | $20.54 | $19.45 | $18.38 | $19.90 | $17.85 | $15.10 | $12.12 |
| EPS (Diluted) | $16.08 | $20.54 | $19.45 | $18.38 | $19.90 | $17.85 | $15.09 | $12.09 |
| Shares Outstanding (Basic) | 11.8M | 11.8M | 11.9M | 12.4M | 13.3M | 13.4M | 13.7M | 14.6M |
| Shares Outstanding (Diluted) | 11.8M | 11.8M | 11.9M | 12.4M | 13.3M | 13.4M | 13.7M | 14.7M |
| Dividends Per Share | $7.00 | $6.40 | $5.80 | $4.70 | $3.80 | — | $2.39 | $1.57 |