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Income Statement
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VICOR CORP (VICR)

Income Statement Business | Product | Geographic | Customer

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
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Direct Customers, Contract Manufacturers and Non-stocking Distributors   283.3251.4222.7254.8   
    Stocking Distributors, Net of Sales Allowances   63.537.937.631.7   
    All Other   2.03.05.35.75.5  
    Non-recurring Engineering   10.77.02.54.4   
    Other       222.3  
Total revenues  399.1359.4296.6263.0291.2227.8200.3220.2
            Revenue growth   [+]11.1%21.2%12.8%-9.7%27.8%13.8%-9.0%-2.5%
Cost of goods sold  218.5181.2165.1140.0152.2126.2109.1120.7
Gross profit  180.6178.2131.4123.0139.0101.791.299.5
            Gross margin  45.2%49.6%44.3%46.8%47.7%44.6%45.5%45.2%
Selling, general and administrative  86.369.563.262.662.258.155.758.3
Research and development  60.653.150.946.644.344.941.841.5
Equity in earnings         5.0
Other operating expenses  6.5       
EBITDA   [+] 67.328.424.241.77.52.113.9
            EBITDA margin  6.8%18.7%9.6%9.2%14.3%3.3%1.1%6.3%
Depreciation   11.611.010.29.18.88.39.0
EBITA  27.255.717.513.932.6-1.2-6.24.9
            EBITA margin  6.8%15.5%5.9%5.3%11.2%-0.5%-3.1%2.2%
Amortization of intangibles   0.10.10.10.10.10.10.1
EBIT   [+]27.255.617.413.832.5-1.4-6.34.7
            EBIT margin  6.8%15.5%5.9%5.3%11.1%-0.6%-3.2%2.1%
Non-recurring items      0.4   
Interest income   0.90.10.30.30.10.10.0
Other income (expense), net   [+]1.50.31.00.80.61.10.2-5.0
Pre-tax income  28.756.818.514.932.9-0.1-6.0-0.2
Income taxes  3.30.20.50.81.1-0.40.2-0.4
            Tax rate  11.4%0.3%2.9%5.2%3.3%363.3% 165.7%
Minority interest  0.00.00.00.00.10.10.00.2
Net income  25.456.617.914.131.70.2-6.24.9
            Net margin  6.4%15.8%6.0%5.4%10.9%0.1%-3.1%2.2%
   
Basic EPS   [+]$0.58$1.30$0.42$0.35$0.80$0.00($0.16)$0.13
Diluted EPS   [+]$0.57$1.26$0.41$0.34$0.78$0.00($0.16)$0.13
   
   
Shares outstanding (basic)   [+]44.043.742.240.339.939.238.838.8
Shares outstanding (diluted)   [+]44.945.043.941.740.739.938.839.1
   
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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