UNIVERSAL DISPLAY CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $335.6M | $198.9M | $191.0M | $191.0M | $146.6M | $83.2M | $61.3M | $30.5M |
| Cost of Revenue | $54.7M | $26.3M | $63.0M | $41.3M | $28.9M | $4.5M | $3.7M | $888.0K |
| Gross Profit | $280.9M | $172.6M | $128.0M | $149.7M | $117.8M | $78.7M | $57.6M | $29.7M |
| Gross Margin | 83.7% | 86.8% | 67.0% | 78.4% | 80.3% | 94.6% | 93.9% | 97.1% |
| Operating Expenses | ||||||||
| Research & Development | $49.1M | $42.7M | $44.6M | $41.2M | $34.2M | $30.0M | $24.1M | $21.7M |
| SG&A Expense | $46.8M | $32.9M | $29.0M | $28.1M | $24.7M | $19.6M | $18.9M | $13.0M |
| Operating Income | $146.2M | $68.4M | $32.3M | $58.6M | $38.2M | $13.7M | $5.7M | $-10.2M |
| Operating Margin | 43.6% | 34.4% | 16.9% | 30.7% | 26.1% | 16.4% | 9.3% | -33.5% |
| Interest Expense | — | — | $54.0K | $70.0K | $47.0K | $48.0K | $50.0K | $27.0K |
| Pretax Income | $149.5M | $68.6M | $33.1M | $59.3M | $39.0M | $14.9M | $2.4M | $-20.1M |
| Income Tax Expense | $45.7M | $20.5M | $18.4M | $17.5M | $-35.0M | $5.2M | $-714.0K | $-134.0K |
| Net Income | $103.9M | $48.1M | $103.9M | $41.9M | $74.1M | $9.7M | $3.2M | $-19.9M |
| Net Margin | 31.0% | 24.2% | 54.4% | 21.9% | 50.5% | 11.6% | 5.1% | -65.2% |
| EPS (Basic) | $2.19 | $1.02 | $2.19 | $0.90 | $1.61 | $0.21 | $0.07 | $-0.53 |
| EPS (Diluted) | $2.18 | $1.02 | $2.18 | $0.90 | $1.59 | $0.21 | $0.07 | $-0.53 |
| Shares Outstanding (Basic) | 46.7M | 46.4M | 46.7M | 46.3M | 45.9M | 46.0M | 43.7M | 37.6M |
| Shares Outstanding (Diluted) | 46.8M | 46.5M | 46.8M | 46.7M | 46.5M | 46.9M | 45.1M | 37.6M |
| Dividends Per Share | $0.12 | — | — | — | — | — | — | — |