II-VI Inc
NASDAQ:IIVI
Income Statement
Earnings Waterfall
II-VI Inc
Revenue
|
4.8B
USD
|
Cost of Revenue
|
-3.2B
USD
|
Gross Profit
|
1.6B
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
290.4m
USD
|
Other Expenses
|
-452.9m
USD
|
Net Income
|
-162.5m
USD
|
Income Statement
II-VI Inc
Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
534
N/A
|
551
+3%
|
573
+4%
|
620
+8%
|
649
+5%
|
683
+5%
|
719
+5%
|
724
+1%
|
733
+1%
|
742
+1%
|
745
+0%
|
760
+2%
|
782
+3%
|
827
+6%
|
860
+4%
|
900
+5%
|
940
+4%
|
972
+3%
|
1 012
+4%
|
1 062
+5%
|
1 111
+5%
|
1 159
+4%
|
1 212
+5%
|
1 273
+5%
|
1 321
+4%
|
1 362
+3%
|
1 388
+2%
|
1 712
+23%
|
1 996
+17%
|
2 380
+19%
|
2 768
+16%
|
2 888
+4%
|
3 044
+5%
|
3 106
+2%
|
3 173
+2%
|
3 193
+1%
|
3 238
+1%
|
3 317
+2%
|
3 866
+17%
|
4 430
+15%
|
4 842
+9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(337)
|
(348)
|
(364)
|
(404)
|
(430)
|
(457)
|
(481)
|
(476)
|
(474)
|
(470)
|
(470)
|
(477)
|
(487)
|
(514)
|
(530)
|
(548)
|
(568)
|
(584)
|
(605)
|
(640)
|
(669)
|
(698)
|
(733)
|
(772)
|
(811)
|
(841)
|
(868)
|
(1 175)
|
(1 341)
|
(1 561)
|
(1 785)
|
(1 731)
|
(1 834)
|
(1 890)
|
(1 927)
|
(1 959)
|
(1 981)
|
(2 042)
|
(2 464)
|
(2 927)
|
(3 241)
|
|
Gross Profit |
197
N/A
|
204
+3%
|
210
+3%
|
216
+3%
|
219
+2%
|
227
+3%
|
238
+5%
|
248
+4%
|
259
+4%
|
272
+5%
|
275
+1%
|
283
+3%
|
295
+4%
|
313
+6%
|
329
+5%
|
352
+7%
|
372
+6%
|
388
+4%
|
407
+5%
|
422
+4%
|
443
+5%
|
461
+4%
|
479
+4%
|
501
+5%
|
510
+2%
|
521
+2%
|
521
0%
|
537
+3%
|
656
+22%
|
819
+25%
|
983
+20%
|
1 157
+18%
|
1 211
+5%
|
1 216
+0%
|
1 246
+2%
|
1 235
-1%
|
1 257
+2%
|
1 275
+1%
|
1 403
+10%
|
1 502
+7%
|
1 601
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(118)
|
(124)
|
(137)
|
(146)
|
(165)
|
(176)
|
(180)
|
(174)
|
(178)
|
(185)
|
(187)
|
(199)
|
(211)
|
(220)
|
(234)
|
(246)
|
(253)
|
(263)
|
(276)
|
(290)
|
(305)
|
(321)
|
(330)
|
(338)
|
(347)
|
(353)
|
(366)
|
(519)
|
(610)
|
(735)
|
(845)
|
(811)
|
(793)
|
(792)
|
(786)
|
(781)
|
(806)
|
(813)
|
(977)
|
(1 180)
|
(1 311)
|
|
Selling, General & Administrative |
(105)
|
(109)
|
(118)
|
(124)
|
(131)
|
(138)
|
(138)
|
(139)
|
(141)
|
(144)
|
(144)
|
(148)
|
(156)
|
(161)
|
(166)
|
(173)
|
(173)
|
(176)
|
(185)
|
(190)
|
(200)
|
(209)
|
(212)
|
(214)
|
(217)
|
(218)
|
(221)
|
(298)
|
(321)
|
(381)
|
(430)
|
(415)
|
(438)
|
(465)
|
(480)
|
(477)
|
(480)
|
(448)
|
(533)
|
(610)
|
(649)
|
|
Research & Development |
(23)
|
(23)
|
(25)
|
(31)
|
(37)
|
(43)
|
(48)
|
(49)
|
(50)
|
(51)
|
(52)
|
(51)
|
(53)
|
(60)
|
(69)
|
(80)
|
(91)
|
(97)
|
(101)
|
(105)
|
(110)
|
(117)
|
(125)
|
(131)
|
(136)
|
(139)
|
(142)
|
(216)
|
(275)
|
(339)
|
(381)
|
(358)
|
(347)
|
(330)
|
(341)
|
(341)
|
(342)
|
(354)
|
(386)
|
(430)
|
(472)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
(105)
|
(157)
|
|
Other Operating Expenses |
10
|
8
|
7
|
9
|
4
|
4
|
6
|
14
|
13
|
10
|
9
|
0
|
(2)
|
1
|
1
|
6
|
10
|
10
|
9
|
5
|
5
|
5
|
6
|
6
|
6
|
4
|
(3)
|
(5)
|
(14)
|
(15)
|
(34)
|
(38)
|
(8)
|
3
|
35
|
37
|
16
|
(11)
|
(33)
|
(35)
|
(32)
|
|
Operating Income |
79
N/A
|
80
+1%
|
73
-9%
|
70
-4%
|
55
-21%
|
51
-7%
|
58
+14%
|
74
+27%
|
81
+10%
|
86
+6%
|
88
+2%
|
85
-4%
|
84
-1%
|
93
+11%
|
95
+2%
|
106
+11%
|
119
+12%
|
126
+6%
|
131
+4%
|
132
+1%
|
137
+4%
|
141
+2%
|
149
+6%
|
163
+9%
|
163
+0%
|
168
+3%
|
155
-8%
|
18
-88%
|
46
+152%
|
84
+83%
|
138
+63%
|
346
+151%
|
418
+21%
|
424
+2%
|
460
+8%
|
454
-1%
|
451
-1%
|
462
+3%
|
425
-8%
|
322
-24%
|
290
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(9)
|
(4)
|
(5)
|
(9)
|
(9)
|
(11)
|
(7)
|
(4)
|
(2)
|
0
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(9)
|
(12)
|
(16)
|
(18)
|
(21)
|
(23)
|
(24)
|
(24)
|
(20)
|
(42)
|
(64)
|
(84)
|
(74)
|
(54)
|
(39)
|
(28)
|
(48)
|
(56)
|
(87)
|
(121)
|
(171)
|
(225)
|
(256)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(11)
|
(16)
|
(69)
|
(53)
|
(52)
|
(64)
|
(38)
|
(52)
|
(78)
|
(44)
|
(29)
|
(41)
|
(38)
|
(59)
|
(114)
|
(103)
|
(107)
|
|
Pre-Tax Income |
78
N/A
|
78
N/A
|
71
-8%
|
61
-14%
|
51
-17%
|
46
-10%
|
49
+8%
|
65
+31%
|
71
+10%
|
79
+12%
|
85
+7%
|
82
-3%
|
84
+3%
|
90
+7%
|
92
+2%
|
101
+10%
|
113
+12%
|
119
+5%
|
122
+3%
|
120
-2%
|
122
+2%
|
122
+0%
|
128
+4%
|
132
+4%
|
128
-3%
|
129
+0%
|
66
-49%
|
(76)
N/A
|
(70)
+8%
|
(64)
+9%
|
26
N/A
|
240
+819%
|
300
+25%
|
353
+18%
|
384
+9%
|
357
-7%
|
326
-9%
|
282
-14%
|
140
-50%
|
(5)
N/A
|
(73)
-1 265%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(19)
|
(19)
|
(18)
|
(13)
|
(11)
|
(7)
|
(8)
|
(9)
|
(9)
|
(13)
|
(14)
|
(14)
|
(16)
|
(24)
|
(27)
|
(32)
|
(36)
|
(24)
|
(22)
|
(18)
|
(19)
|
(26)
|
(27)
|
(28)
|
(23)
|
(21)
|
(11)
|
5
|
(20)
|
(3)
|
(21)
|
(49)
|
(34)
|
(55)
|
(58)
|
(51)
|
(53)
|
(47)
|
(19)
|
14
|
36
|
|
Income from Continuing Operations |
59
|
59
|
54
|
48
|
40
|
38
|
41
|
56
|
62
|
66
|
71
|
68
|
68
|
65
|
65
|
69
|
77
|
95
|
100
|
102
|
103
|
96
|
101
|
104
|
105
|
107
|
55
|
(72)
|
(90)
|
(67)
|
5
|
191
|
267
|
298
|
326
|
306
|
274
|
235
|
122
|
9
|
(38)
|
|
Income to Minority Interest |
(1)
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
55
N/A
|
51
-8%
|
48
-6%
|
43
-10%
|
36
-17%
|
39
+8%
|
41
+7%
|
56
+35%
|
62
+11%
|
66
+7%
|
71
+7%
|
68
-4%
|
68
+1%
|
65
-4%
|
65
-1%
|
69
+8%
|
77
+11%
|
95
+24%
|
100
+5%
|
86
-14%
|
93
+9%
|
88
-6%
|
93
+6%
|
112
+21%
|
107
-5%
|
107
+1%
|
55
-49%
|
(72)
N/A
|
(90)
-26%
|
(67)
+26%
|
(1)
+98%
|
178
N/A
|
246
+38%
|
260
+6%
|
278
+7%
|
248
-11%
|
206
-17%
|
167
-19%
|
35
-79%
|
(97)
N/A
|
(162)
-67%
|
|
EPS (Diluted) |
0.86
N/A
|
0.79
-8%
|
0.74
-6%
|
0.67
-9%
|
0.56
-16%
|
0.6
+7%
|
0.65
+8%
|
0.88
+35%
|
0.98
+11%
|
1.05
+7%
|
1.12
+7%
|
1.07
-4%
|
1.08
+1%
|
1.04
-4%
|
1.03
-1%
|
1.07
+4%
|
1.18
+10%
|
1.48
+25%
|
1.54
+4%
|
1.31
-15%
|
1.29
-2%
|
1.34
+4%
|
1.4
+4%
|
1.7
+21%
|
1.62
-5%
|
1.65
+2%
|
0.83
-50%
|
-0.78
N/A
|
-0.98
-26%
|
-0.73
+26%
|
-0.01
+99%
|
1.54
N/A
|
2.11
+37%
|
2.24
+6%
|
2.4
+7%
|
2.14
-11%
|
1.75
-18%
|
1.42
-19%
|
0.26
-82%
|
-0.7
N/A
|
-1.16
-66%
|