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|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||
|
U.S. dollars in thousands (except per share data) | ||||||
|
(Unaudited) | ||||||
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|
|
|
|
| ||
|
|
Three months ended |
|
Year ended |
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|
March 31, |
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December 31, |
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|
|
2018 |
|
2017 |
|
2017 |
|
|
|
|
|
|
|
|
|
|
Revenues |
$250,551 |
|
$187,649 |
|
$900,856 |
|
|
Cost of revenues |
132,642 |
|
100,524 |
|
475,538 |
|
|
Gross profit |
117,909 |
|
87,125 |
|
425,318 |
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
Research and development, net |
33,595 |
|
28,675 |
|
125,434 |
|
|
Selling, general and administrative |
41,066 |
|
33,953 |
|
143,363 |
|
|
Gain from the release of AMST earn out payment obligation |
|
|
|
|
(1,471) |
|
|
Equity in earnings of P.C.B. Solutions L.P ("Frontline") |
(1,529) |
|
(1,050) |
|
(4,524) |
|
|
Amortization of intangible assets |
6,371 |
|
5,893 |
|
25,006 |
|
|
Transaction cost pending merger with KLA |
2,481 |
|
|
|
|
|
|
Total operating expenses |
81,984 |
|
67,471 |
|
287,808 |
|
|
|
|
|
|
|
|
|
|
Operating income |
35,925 |
|
19,654 |
|
137,510 |
|
|
Financial expenses (income) - net |
(1,645) |
|
2,006 |
|
5,535 |
|
|
|
|
|
|
|
|
|
|
Income before taxes on income |
37,570 |
|
17,648 |
|
131,975 |
|
|
Taxes on income |
7,671 |
|
2,868 |
|
1,088 |
|
|
|
|
|
|
|
|
|
|
Net income |
29,899 |
|
14,780 |
|
130,887 |
|
|
Net loss attributable to non-controlling interests |
(368) |
|
(140) |
|
(1,498) |
|
|
|
|
|
|
|
|
|
|
Net income attributable to Orbotech Ltd. |
$30,267 |
|
$14,920 |
|
$132,385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share |
$0.62 |
|
$0.31 |
|
$2.76 |
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share |
$0.61 |
|
$0.31 |
|
$2.71 |
|
|
|
|
|
|
|
|
|
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Weighted average number of shares (in thousands) |
|
|
|
|
|
|
|
used in computation of: |
|
|
|
|
|
|
|
Basic earnings per share |
48,437 |
|
47,839 |
|
47,989 |
|
|
Diluted earnings per share |
49,331 |
|
48,768 |
|
48,850 |
|
|
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