VEECO INSTRUMENTS INC (VECO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K
Net sales	646.1	583.3	454.2	419.3	542.1	475.7	331.7	477.0
Net sales growth	10.8%	28.4%	8.3%	-22.6%	14.0%	43.4%	-30.5%	21.4%
Cost of sales	383.0	341.0	259.9	261.2	348.4	299.5	198.6	299.8
Gross profit	263.1	242.3	194.3	158.2	193.7	176.2	133.1	177.2
Gross margin	40.7%	41.5%	42.8%	37.7%	35.7%	37.0%	40.1%	37.2%

Operating expenses, net:
Research and development	103.6	88.7	79.0	90.6	97.8	82.0	81.0	78.5
Selling, general, and administrative	89.0	84.5	76.3	79.7	92.1	100.3	77.6	90.2
Amortization of intangible assets	10.0	12.3	15.3	17.1	32.4	35.5	19.2	27.6
Other operating expense (income), net	0.3	0.1	-0.2	0.0	0.4	-0.4	0.2	-0.7
Total operating expenses, net	202.9	185.6	171.7	197.8	609.2	248.1	253.3	200.5
Operating income	60.3	56.7	22.6	-39.6	-415.5	-71.9	-120.2	-23.2
Operating margin	9.3%	9.7%	5.0%	-9.4%	-76.6%	-15.1%	-36.2%	-4.9%
Interest income	2.2	2.3	1.6	4.7	3.2	2.3	1.2	1.1
Interest expense	-11.5	-28.4	-24.7	-22.1	-21.5	-19.5	-0.2	-0.5
Other income (expense), net		-5.0	-7.8	-21.0
Income tax expense (benefit)	-116.0	-0.4	-0.1	0.8	-26.7	-37.6	2.8	9.3
Net income (loss)	166.9	26.0	-8.4	-78.7	-407.1

Income (loss) per common share:
Basic (in dollars per share)	$3.35	$0.53	($0.17)	($1.66)	($8.63)	($1.16)	($3.10)	($0.80)
Diluted (in dollars per share)	$2.71	$0.49	($0.17)	($1.66)	($8.63)	($1.16)	($3.10)	($0.80)

Weighted average number of shares:
Basic (in shares)	49.9	49.1	48.4	47.5	47.2	44.2	39.3	39.7
Diluted (in shares)	65.6	53.6	48.4	47.5	47.2	44.2	39.3	39.7