Sinovac Biotech Ltd
NASDAQ:SVA
Income Statement
Earnings Waterfall
Sinovac Biotech Ltd
Revenue
|
420.9m
USD
|
Cost of Revenue
|
-618.5m
USD
|
Gross Profit
|
-197.6m
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
-1.5B
USD
|
Other Expenses
|
1.1B
USD
|
Net Income
|
-359.7m
USD
|
Income Statement
Sinovac Biotech Ltd
Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
72
N/A
|
61
-16%
|
33
-45%
|
34
+1%
|
39
+16%
|
45
+15%
|
57
+27%
|
58
+2%
|
52
-11%
|
51
-2%
|
49
-3%
|
53
+8%
|
62
+15%
|
69
+11%
|
72
+5%
|
20
-72%
|
29
+46%
|
48
+63%
|
65
+35%
|
68
+4%
|
69
+3%
|
52
-25%
|
64
+23%
|
73
+13%
|
47
-35%
|
123
+159%
|
176
+44%
|
230
+30%
|
219
-5%
|
208
-5%
|
218
+5%
|
246
+13%
|
225
-9%
|
213
-5%
|
264
+24%
|
511
+93%
|
11 424
+2 137%
|
19 375
+70%
|
9 606
-50%
|
1 493
-84%
|
421
-72%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(18)
|
(17)
|
(17)
|
(17)
|
(21)
|
(24)
|
(21)
|
(22)
|
(18)
|
(19)
|
(19)
|
(20)
|
(22)
|
(21)
|
(21)
|
(4)
|
(7)
|
(10)
|
(15)
|
(18)
|
(21)
|
(21)
|
(21)
|
(22)
|
(3)
|
(13)
|
(18)
|
(25)
|
(26)
|
(21)
|
(27)
|
(33)
|
(31)
|
(32)
|
(36)
|
(67)
|
(689)
|
(1 072)
|
(695)
|
(684)
|
(619)
|
|
Gross Profit |
55
N/A
|
44
-20%
|
17
-62%
|
16
-3%
|
19
+14%
|
21
+12%
|
36
+72%
|
36
+2%
|
34
-8%
|
32
-4%
|
30
-7%
|
34
+11%
|
39
+17%
|
48
+21%
|
51
+8%
|
16
-69%
|
23
+43%
|
38
+66%
|
49
+29%
|
49
-1%
|
48
-1%
|
31
-36%
|
43
+38%
|
50
+17%
|
45
-11%
|
109
+145%
|
158
+45%
|
205
+29%
|
193
-6%
|
187
-3%
|
191
+3%
|
214
+12%
|
194
-9%
|
181
-7%
|
228
+26%
|
443
+94%
|
10 734
+2 321%
|
18 303
+71%
|
8 911
-51%
|
808
-91%
|
(198)
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(24)
|
(26)
|
(29)
|
(31)
|
(33)
|
(37)
|
(32)
|
(37)
|
(41)
|
(42)
|
(49)
|
(46)
|
(47)
|
(46)
|
(41)
|
(13)
|
(22)
|
(32)
|
(45)
|
(45)
|
(44)
|
(45)
|
(49)
|
(49)
|
(30)
|
(81)
|
(113)
|
(160)
|
(158)
|
(144)
|
(151)
|
(145)
|
(139)
|
(147)
|
(181)
|
(228)
|
(376)
|
(748)
|
(874)
|
(1 269)
|
(1 311)
|
|
Selling, General & Administrative |
(17)
|
(18)
|
(21)
|
(22)
|
(23)
|
(27)
|
(22)
|
(22)
|
(24)
|
(23)
|
(32)
|
(35)
|
(37)
|
(40)
|
(33)
|
(9)
|
(16)
|
(25)
|
(36)
|
(38)
|
(37)
|
(37)
|
(39)
|
(43)
|
(26)
|
(70)
|
(99)
|
(138)
|
(136)
|
(121)
|
(127)
|
(121)
|
(115)
|
(115)
|
(128)
|
(179)
|
(294)
|
(594)
|
(589)
|
(828)
|
(903)
|
|
Research & Development |
(6)
|
(7)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(14)
|
(17)
|
(18)
|
(17)
|
(12)
|
(9)
|
(7)
|
(8)
|
(3)
|
(6)
|
(8)
|
(10)
|
(10)
|
(9)
|
(10)
|
(12)
|
(13)
|
(4)
|
(10)
|
(15)
|
(22)
|
(22)
|
(23)
|
(24)
|
(24)
|
(26)
|
(34)
|
(54)
|
(49)
|
(83)
|
(155)
|
(286)
|
(442)
|
(409)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
(2)
|
(2)
|
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
|
|
Other Operating Expenses |
0
|
0
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
2
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
1
|
1
|
|
Operating Income |
31
N/A
|
18
-42%
|
(12)
N/A
|
(15)
-21%
|
(14)
+3%
|
(16)
-14%
|
4
N/A
|
(1)
N/A
|
(7)
-640%
|
(9)
-26%
|
(19)
-104%
|
(13)
+32%
|
(8)
+42%
|
1
N/A
|
10
+733%
|
3
-67%
|
1
-61%
|
6
+331%
|
4
-23%
|
4
-12%
|
4
+5%
|
(14)
N/A
|
(6)
+55%
|
1
N/A
|
15
+1 556%
|
29
+93%
|
45
+57%
|
45
+1%
|
36
-22%
|
43
+20%
|
40
-6%
|
69
+71%
|
55
-20%
|
34
-38%
|
48
+41%
|
216
+352%
|
10 359
+4 700%
|
17 554
+69%
|
8 037
-54%
|
(461)
N/A
|
(1 508)
-227%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
29
|
100
|
154
|
190
|
136
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(4)
|
(5)
|
(2)
|
|
Gain/Loss on Disposition of Assets |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(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
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
(1)
|
1
|
(0)
|
(90)
|
140
|
302
|
410
|
|
Pre-Tax Income |
31
N/A
|
19
-40%
|
(13)
N/A
|
(15)
-14%
|
(14)
+6%
|
(17)
-16%
|
5
N/A
|
0
-91%
|
(6)
N/A
|
(7)
-20%
|
(20)
-172%
|
(14)
+27%
|
(9)
+34%
|
(1)
+85%
|
9
N/A
|
4
-57%
|
2
-53%
|
6
+216%
|
5
-25%
|
3
-40%
|
3
+19%
|
(15)
N/A
|
(8)
+49%
|
(0)
+95%
|
15
N/A
|
29
+94%
|
46
+57%
|
47
+2%
|
37
-21%
|
44
+20%
|
42
-5%
|
71
+68%
|
57
-19%
|
36
-38%
|
48
+34%
|
217
+354%
|
10 387
+4 696%
|
17 563
+69%
|
8 327
-53%
|
25
-100%
|
(965)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(9)
|
(6)
|
1
|
0
|
(1)
|
(1)
|
(5)
|
(5)
|
(3)
|
(2)
|
1
|
1
|
0
|
0
|
2
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(3)
|
(3)
|
(7)
|
(10)
|
(11)
|
(9)
|
(10)
|
(9)
|
(6)
|
(3)
|
0
|
(3)
|
(32)
|
(1 601)
|
(3 104)
|
(1 670)
|
63
|
232
|
|
Income from Continuing Operations |
22
|
13
|
(13)
|
(15)
|
(15)
|
(17)
|
(0)
|
(4)
|
(9)
|
(9)
|
(19)
|
(13)
|
(9)
|
(1)
|
12
|
3
|
0
|
4
|
2
|
(0)
|
1
|
(16)
|
(9)
|
(3)
|
12
|
23
|
36
|
36
|
28
|
34
|
33
|
65
|
54
|
36
|
45
|
185
|
8 786
|
14 459
|
6 657
|
88
|
(732)
|
|
Income to Minority Interest |
(7)
|
(4)
|
4
|
4
|
4
|
5
|
(1)
|
1
|
2
|
2
|
4
|
2
|
1
|
(0)
|
(3)
|
(1)
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
4
|
2
|
0
|
(4)
|
(9)
|
(13)
|
(14)
|
(12)
|
(13)
|
(12)
|
(20)
|
(17)
|
(15)
|
(21)
|
(75)
|
(3 558)
|
(5 991)
|
(2 814)
|
26
|
379
|
|
Net Income (Common) |
15
N/A
|
9
-37%
|
(9)
N/A
|
(11)
-29%
|
(11)
+3%
|
(13)
-17%
|
(1)
+94%
|
(4)
-350%
|
(7)
-81%
|
(7)
-14%
|
(15)
-100%
|
(11)
+24%
|
(8)
+26%
|
(3)
+64%
|
7
N/A
|
1
-92%
|
(2)
N/A
|
1
N/A
|
(1)
N/A
|
(1)
-40%
|
2
N/A
|
(10)
N/A
|
(5)
+49%
|
(1)
+86%
|
8
N/A
|
14
+68%
|
23
+63%
|
22
-5%
|
15
-33%
|
20
+34%
|
17
-13%
|
40
+135%
|
31
-22%
|
15
-51%
|
19
+22%
|
104
+460%
|
5 222
+4 912%
|
8 461
+62%
|
3 838
-55%
|
108
-97%
|
(360)
N/A
|
|
EPS (Diluted) |
0.26
N/A
|
0.17
-35%
|
-0.17
N/A
|
-0.21
-24%
|
-0.21
N/A
|
-0.24
-14%
|
-0.02
+92%
|
-0.07
-250%
|
-0.12
-71%
|
-0.13
-8%
|
-0.26
-100%
|
-0.2
+23%
|
-0.15
+25%
|
-0.05
+67%
|
0.15
N/A
|
0.01
-93%
|
-0.03
N/A
|
0.01
N/A
|
-0.01
N/A
|
-0.03
-200%
|
0.03
N/A
|
-0.17
N/A
|
-0.08
+53%
|
-0.01
+88%
|
0.14
N/A
|
0.23
+64%
|
0.32
+39%
|
0.3
-6%
|
0.17
-43%
|
0.17
N/A
|
0.17
N/A
|
0.25
+47%
|
0.31
+24%
|
0.15
-52%
|
0.16
+7%
|
0.64
+300%
|
45.8
+7 056%
|
74.22
+62%
|
33.61
-55%
|
1.08
-97%
|
-3.14
N/A
|