Waters Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B | $2.23B | $2.14B | $2.00B | $1.99B | $1.90B | $1.85B | $1.84B |
| Waters_Instruments | $1.60B | $1.52B | $1.46B | $1.35B | $1.34B | $1.28B | $1.24B | $1.23B |
| Waters_Service | $767.2M | $713.4M | $683.7M | $649.0M | $655.4M | $628.7M | $612.0M | $607.7M |
| Cost of Revenue | $992.6M | $947.1M | $891.5M | $842.7M | $824.9M | $783.5M | $737.6M | $730.5M |
| Gross Profit | $1.38B | $1.28B | $1.25B | $1.20B | $1.16B | $1.12B | $1.11B | $1.12B |
| Gross Margin | 58.1% | 57.5% | 58.4% | 60.1% | 58.5% | 58.8% | 59.7% | 60.8% |
| Operating Expenses | ||||||||
| Research & Development | $143.4M | $132.6M | $125.2M | $118.5M | $107.7M | $100.5M | $96.0M | $92.3M |
| SG&A Expense | $536.9M | $544.4M | $512.3M | $495.7M | $512.7M | $493.0M | $477.3M | $490.0M |
| Operating Income | $739.8M | $662.2M | $625.0M | $567.5M | $517.9M | $517.3M | $511.5M | $528.6M |
| Operating Margin | 31.2% | 29.7% | 29.2% | 28.4% | 26.0% | 27.2% | 27.6% | 28.7% |
| Interest Expense | $48.6M | $56.8M | $44.9M | $36.2M | $34.2M | $30.1M | $28.1M | $22.0M |
| Pretax Income | $682.1M | $641.1M | $600.1M | $541.9M | $490.7M | $490.1M | $487.6M | $509.3M |
| Income Tax Expense | $88.4M | $620.8M | $78.6M | $72.9M | $59.1M | $40.1M | $26.2M | $76.3M |
| Net Income | $593.8M | $20.3M | $521.5M | $469.1M | $431.6M | $450.0M | $461.4M | — |
| Net Margin | 25.1% | 0.9% | 24.4% | 23.5% | 21.7% | 23.6% | 24.9% | — |
| EPS (Basic) | $7.71 | $0.25 | $6.46 | $5.70 | $5.12 | $5.27 | $5.25 | $4.77 |
| EPS (Diluted) | $7.65 | $0.25 | $6.41 | $5.65 | $5.07 | $5.20 | $5.19 | $4.69 |
| Shares Outstanding (Basic) | 77.0M | 79.8M | 80.8M | 82.3M | 84.4M | 85.4M | 87.8M | 90.8M |
| Shares Outstanding (Diluted) | 77.6M | 80.6M | 81.4M | 83.1M | 85.2M | 86.5M | 89.0M | 92.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |