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VEECO INSTRUMENTS INC (VECO)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K/A10-K
Revenues:  
    Scientific & Industrial       119.3110.1118.1
    Advanced Packaging, MEMS & RF       67.467.561.9
    Data Storage  87.5168.8123.384.169.1   
    Other  558.6414.5330.9335.3472.9288.9154.1297.0
Total revenues   [+]646.1583.3454.2419.3542.1475.7331.7477.0
            Revenue growth   [+]10.8%28.4%8.3%-22.6%14.0%43.4%-30.5%21.4%
Cost of goods sold  383.0341.0259.9261.2348.4299.5198.6299.8
Gross profit  263.1242.3194.3158.2193.7176.2133.1177.2
            Gross margin  40.7%41.5%42.8%37.7%35.7%37.0%40.1%37.2%
Selling, general and administrative  89.084.576.379.792.1100.377.690.2
Research and development  103.688.779.090.697.882.081.078.5
Other operating expenses  0.30.1-0.20.00.4-0.419.426.9
EBITDA   [+]85.982.854.65.221.29.0-12.421.4
            EBITDA margin  13.3%14.2%12.0%1.3%3.9%1.9%-3.7%4.5%
Depreciation and amortization  15.613.815.417.317.614.613.412.2
EBITA  70.369.039.3-12.13.5-5.6-25.89.2
            EBITA margin  10.9%11.8%8.6%-2.9%0.7%-1.2%-7.8%1.9%
Amortization of intangibles  10.012.315.317.132.435.519.227.6
EBIT   [+]60.356.723.9-29.2-28.8-41.1-45.0-18.4
            EBIT margin  9.3%9.7%5.3%-7.0%-5.3%-8.6%-13.6%-3.9%
Non-recurring items   [+]  1.410.4386.730.875.24.8
Interest expense, net   [+]9.326.023.217.418.317.1-1.0-0.6
Other income (expense), net   [+] -5.0-7.8-21.0    
Pre-tax income  51.025.7-8.5-78.0-433.8-89.0-119.2-22.6
Income taxes  -116.0-0.4-0.10.8-26.7-37.62.89.3
            Tax rate    0.9% 6.2%42.2%  
Net income  166.926.0-8.4-78.7-407.1-51.4-122.0-32.0
            Net margin  25.8%4.5%-1.8%-18.8%-75.1%-10.8%-36.8%-6.7%
   
Basic EPS   [+]$3.35$0.53($0.17)($1.66)($8.63)($1.16)($3.10)($0.80)
Diluted EPS   [+]$2.54$0.49($0.17)($1.66)($8.63)($1.16)($3.10)($0.80)
   
Shares outstanding (basic)   [+]49.949.148.447.547.244.239.339.7
Shares outstanding (diluted)   [+]65.653.648.447.547.244.239.339.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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