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ORBOTECH LTD. | ||||||
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CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||
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U.S. dollars in thousands (except per share data) | ||||||
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(Unaudited) |
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3 m o n t h s e n d e d |
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12 months ended |
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March 3 1 |
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December 31 |
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2015 |
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2014 |
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2014 |
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Revenues |
$184,784 |
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$104,793 |
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$582,746 |
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Cost of revenues |
101,707 |
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59,136 |
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329,553 |
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Gross profit |
83,077 |
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45,657 |
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253,193 |
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Operating expenses: |
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Research and development, net |
25,779 |
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18,461 |
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88,651 |
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Selling, general and administrative |
28,973 |
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19,592 |
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96,169 |
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Equity in earnings of Frontline |
(871) |
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(1,504) |
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(5,769) |
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Amortization of intangible assets |
8,918 |
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1,010 |
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19,235 |
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SPTS acquisition costs |
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6,761 |
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Total operating expenses |
62,799 |
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37,559 |
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205,047 |
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Operating income |
20,278 |
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8,098 |
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48,146 |
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Financial expenses - net |
6,471 |
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327 |
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9,046 |
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Income before taxes on income |
13,807 |
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7,771 |
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39,100 |
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Taxes on income |
1,752 |
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1,350 |
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3,419 |
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Share in losses of equity method investee |
100 |
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69 |
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417 |
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Net income |
11,955 |
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6,352 |
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35,264 |
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Net income (loss) attributable to |
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the non-controlling interests |
153 |
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65 |
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(116) |
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Net income attributable to Orbotech Ltd. |
$11,802 |
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$6,287 |
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$35,380 |
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Basic earnings per share |
$0.28 |
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$0.15 |
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$0.85 |
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Diluted earnings per share |
$0.28 |
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$0.15 |
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$0.83 |
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Weighted average number of shares (in thousands) |
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used in computation of: |
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Basic earnings per share |
41,961 |
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41,842 |
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41,703 |
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Diluted earnings per share |
42,860 |
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42,835 |
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42,757 |
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