WILLAMETTE VALLEY VINEYARDS, INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.1M | $20.9M | $19.4M | $17.9M | $15.2M | $13.3M | $12.5M | $12.2M |
| Cost of Revenue | $8.3M | $8.0M | $7.2M | $7.1M | $6.1M | $5.6M | $5.3M | $5.3M |
| Gross Profit | $14.8M | $12.9M | $12.2M | $10.8M | $9.0M | $7.7M | $7.3M | $7.0M |
| Gross Margin | 64.0% | 61.8% | 62.9% | 60.5% | 59.5% | 57.9% | 58.1% | 57.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.9M | $9.2M | $8.1M | $7.6M | $6.2M | $5.3M | $5.1M | $4.5M |
| Operating Income | $4.2M | $3.6M | $4.2M | $3.3M | $2.8M | $2.4M | $2.2M | $2.4M |
| Operating Margin | 18.1% | 17.4% | 21.5% | 18.2% | 18.5% | 17.9% | 17.6% | 19.8% |
| Interest Expense | $457.7K | $473.6K | $291.4K | $311.2K | $289.0K | $245.4K | $232.3K | $217.0K |
| Pretax Income | $3.9M | $3.4M | $4.1M | $3.2M | $2.9M | $2.3M | $2.1M | $2.3M |
| Income Tax Expense | $1.1M | $452.7K | $1.5M | $1.3M | $776.0K | $904.7K | $739.4K | $514.9K |
| Net Income | $2.9M | $3.0M | $2.6M | $1.9M | $2.2M | $1.4M | $1.2M | $857.8K |
| Net Margin | 12.4% | 14.4% | 13.5% | 10.6% | 14.3% | 10.7% | 9.6% | 7.0% |
| EPS (Basic) | $0.37 | $0.46 | $0.43 | $0.37 | $0.45 | $0.30 | $0.25 | $0.18 |
| EPS (Diluted) | — | $0.46 | $0.43 | $0.37 | $0.44 | $0.29 | $0.25 | $0.18 |
| Shares Outstanding (Basic) | 5.0M | 5.0M | 5.0M | 4.9M | 4.8M | 4.8M | 4.8M | 4.9M |
| Shares Outstanding (Diluted) | 5.0M | 5.0M | 5.0M | 5.0M | 4.9M | 4.9M | 4.9M | 4.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |