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Income Statement
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POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Net sales  456.3417.6546.1496.0416.6362.4347.6237.8
            Net sales growth  9.2%-23.5%10.1%19.1% 4.3%46.1%17.5%
Cost of sales  415.0359.2446.2437.3365.6311.1283.5 
    Gross profit  41.358.499.958.851.051.264.044.5
            Gross margin  9.0%14.0%18.3%11.8%12.2%   
   
Operating expenses:          
Research, development and engineering expenses  22.425.424.928.619.923.619.310.4
Selling, general and administrative expenses  57.951.754.159.644.328.823.17.5
Amortization of intangible assets  2.53.13.65.04.84.61.0 
    Total operating expenses  82.880.282.795.569.0137.383.729.6
    Operating income  -41.6-21.717.2-36.7-18.0-17.424.115.0
            Operating margin  -9.1%-5.2%3.2%-7.4%-4.3%   
Interest expense  -7.3-5.7-7.9-7.6-10.8-4.3-1.3-0.7
    Income (Loss) before income taxes  -48.9-26.78.7-54.6-47.2-12.629.2 
Income tax expense (benefit)  -0.4-3.70.40.20.4-9.77.74.8
    Net income (loss)  -48.5-23.08.2-54.7-47.6-2.921.5-18.8
   
Weighted-average common shares outstanding:          
Basic (in shares)  22.922.921.518.613.810.810.79.8
Diluted (in shares)  22.922.921.518.613.811.011.19.8
   
Earnings (Loss) per common share:          
Basic (in dollars per share)  ($2.12)($1.00)$0.38($2.94)($6.20)($0.27)$2.01 
Diluted (in dollars per share)  ($2.12)($1.00)$0.38($2.94)($6.20)($1.11)$1.38 

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