Waters Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $2.17B | $2.04B | $1.99B | $1.90B | $1.84B | $1.85B | $1.64B |
| Cost of Revenue | $947.1M | $891.5M | $842.7M | $824.9M | $783.5M | $737.6M | $730.5M | $653.3M |
| Gross Profit | $1.36B | $1.28B | $1.20B | $1.16B | $1.12B | $1.11B | $1.12B | $990.1M |
| Gross Margin | 59.0% | 58.9% | 58.7% | 58.5% | 58.9% | 60.0% | 60.5% | 60.2% |
| Operating Expenses | ||||||||
| Research & Development | $132.6M | $125.2M | $118.5M | $107.7M | $100.5M | $96.0M | $92.3M | $84.3M |
| SG&A Expense | $544.4M | $512.3M | $495.7M | $512.7M | $493.0M | $477.3M | $490.0M | $445.5M |
| Operating Income | $662.2M | $625.0M | $567.5M | $517.9M | $517.3M | $511.5M | $528.6M | $449.9M |
| Operating Margin | 28.7% | 28.8% | 27.8% | 26.0% | 27.2% | 27.7% | 28.6% | 27.4% |
| Interest Expense | $56.8M | $44.9M | $36.2M | $34.2M | $30.1M | $28.1M | $22.0M | $13.9M |
| Pretax Income | $641.1M | $600.1M | $541.9M | $490.7M | $490.1M | $487.6M | $509.3M | $437.9M |
| Income Tax Expense | $620.8M | $78.6M | $72.9M | $59.1M | $40.1M | $26.2M | $76.3M | $56.1M |
| Net Income | $20.3M | $521.5M | $469.1M | $431.6M | $450.0M | $461.4M | — | — |
| Net Margin | 0.9% | 24.1% | 23.0% | 21.7% | 23.6% | 25.0% | — | — |
| EPS (Basic) | $0.25 | $6.46 | $5.70 | $5.12 | $5.27 | $5.25 | $4.77 | $4.13 |
| EPS (Diluted) | $0.25 | $6.41 | $5.65 | $5.07 | $5.20 | $5.19 | $4.69 | $4.06 |
| Shares Outstanding (Basic) | 79.8M | 80.8M | 82.3M | 84.4M | 85.4M | 87.8M | 90.8M | 92.4M |
| Shares Outstanding (Diluted) | 80.6M | 81.4M | 83.1M | 85.2M | 86.5M | 89.0M | 92.3M | 94.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |