Universal Electronics Inc
NASDAQ:UEIC
Income Statement
Earnings Waterfall
Universal Electronics Inc
Revenue
|
420.5m
USD
|
Cost of Revenue
|
-322.9m
USD
|
Gross Profit
|
97.6m
USD
|
Operating Expenses
|
-129.8m
USD
|
Operating Income
|
-32.2m
USD
|
Other Expenses
|
-66m
USD
|
Net Income
|
-98.2m
USD
|
Income Statement
Universal Electronics Inc
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 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
529
N/A
|
544
+3%
|
555
+2%
|
560
+1%
|
562
+0%
|
565
+1%
|
567
+0%
|
579
+2%
|
603
+4%
|
621
+3%
|
644
+4%
|
653
+1%
|
651
0%
|
662
+2%
|
669
+1%
|
675
+1%
|
696
+3%
|
699
+0%
|
684
-2%
|
691
+1%
|
680
-2%
|
700
+3%
|
731
+4%
|
749
+2%
|
754
+1%
|
721
-4%
|
680
-6%
|
633
-7%
|
615
-3%
|
613
0%
|
611
0%
|
613
+0%
|
602
-2%
|
583
-3%
|
572
-2%
|
565
-1%
|
543
-4%
|
519
-4%
|
487
-6%
|
446
-8%
|
420
-6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(378)
|
(389)
|
(394)
|
(394)
|
(395)
|
(398)
|
(402)
|
(417)
|
(436)
|
(454)
|
(474)
|
(484)
|
(487)
|
(495)
|
(501)
|
(506)
|
(530)
|
(537)
|
(539)
|
(549)
|
(538)
|
(555)
|
(579)
|
(591)
|
(583)
|
(548)
|
(503)
|
(458)
|
(438)
|
(434)
|
(424)
|
(425)
|
(429)
|
(421)
|
(414)
|
(409)
|
(388)
|
(375)
|
(358)
|
(341)
|
(323)
|
|
Gross Profit |
151
N/A
|
155
+3%
|
161
+4%
|
166
+3%
|
167
+1%
|
168
+1%
|
165
-2%
|
162
-1%
|
167
+3%
|
167
+0%
|
170
+2%
|
169
-1%
|
164
-3%
|
168
+2%
|
168
+0%
|
169
+1%
|
166
-2%
|
162
-2%
|
145
-10%
|
142
-2%
|
142
0%
|
145
+2%
|
152
+5%
|
158
+4%
|
170
+8%
|
173
+2%
|
177
+2%
|
175
-1%
|
176
+1%
|
180
+2%
|
186
+4%
|
188
+1%
|
173
-8%
|
163
-6%
|
158
-3%
|
156
-1%
|
155
-1%
|
144
-7%
|
129
-10%
|
105
-19%
|
98
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(119)
|
(121)
|
(125)
|
(127)
|
(126)
|
(126)
|
(124)
|
(127)
|
(131)
|
(134)
|
(140)
|
(140)
|
(139)
|
(140)
|
(141)
|
(146)
|
(149)
|
(149)
|
(150)
|
(147)
|
(143)
|
(108)
|
(147)
|
(151)
|
(155)
|
(152)
|
(145)
|
(139)
|
(139)
|
(142)
|
(146)
|
(149)
|
(150)
|
(155)
|
(153)
|
(143)
|
(138)
|
(136)
|
(136)
|
(134)
|
(130)
|
|
Selling, General & Administrative |
(99)
|
(101)
|
(105)
|
(106)
|
(105)
|
(107)
|
(105)
|
(108)
|
(108)
|
(110)
|
(114)
|
(113)
|
(113)
|
(114)
|
(114)
|
(119)
|
(121)
|
(120)
|
(120)
|
(117)
|
(112)
|
(114)
|
(114)
|
(116)
|
(118)
|
(114)
|
(107)
|
(101)
|
(101)
|
(105)
|
(110)
|
(114)
|
(115)
|
(114)
|
(111)
|
(106)
|
(101)
|
(99)
|
(99)
|
(97)
|
(94)
|
|
Research & Development |
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(15)
|
(15)
|
(15)
|
(18)
|
(19)
|
(20)
|
(21)
|
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(26)
|
(28)
|
(29)
|
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(32)
|
(32)
|
(31)
|
(31)
|
(32)
|
(32)
|
(33)
|
(33)
|
(33)
|
(33)
|
(31)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
37
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
32
N/A
|
34
+7%
|
36
+5%
|
39
+9%
|
41
+5%
|
41
+0%
|
40
-3%
|
35
-12%
|
36
+2%
|
33
-9%
|
30
-7%
|
30
-3%
|
25
-14%
|
27
+7%
|
27
-1%
|
24
-13%
|
17
-29%
|
13
-24%
|
(5)
N/A
|
(5)
+2%
|
(1)
+83%
|
36
N/A
|
5
-86%
|
7
+27%
|
16
+142%
|
22
+38%
|
32
+48%
|
36
+13%
|
37
+3%
|
38
+1%
|
40
+7%
|
39
-3%
|
23
-40%
|
8
-66%
|
5
-44%
|
13
+191%
|
17
+33%
|
8
-56%
|
(7)
N/A
|
(29)
-311%
|
(32)
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
1
|
(0)
|
(1)
|
(2)
|
(3)
|
(4)
|
(6)
|
(7)
|
(10)
|
(9)
|
(9)
|
(8)
|
(5)
|
(5)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(6)
|
(8)
|
(8)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(6)
|
(6)
|
(6)
|
(1)
|
37
|
37
|
36
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
0
|
0
|
0
|
(3)
|
(52)
|
(52)
|
(56)
|
(53)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
10
|
9
|
10
|
10
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
|
Pre-Tax Income |
29
N/A
|
31
+8%
|
34
+9%
|
38
+10%
|
41
+8%
|
41
+2%
|
41
-2%
|
36
-12%
|
36
+0%
|
33
-8%
|
31
-7%
|
31
-1%
|
25
-18%
|
22
-15%
|
19
-11%
|
15
-24%
|
7
-50%
|
7
-8%
|
25
+278%
|
23
-9%
|
26
+14%
|
27
+3%
|
(3)
N/A
|
1
N/A
|
10
+700%
|
18
+69%
|
39
+120%
|
42
+8%
|
44
+5%
|
45
+3%
|
38
-16%
|
32
-15%
|
16
-50%
|
7
-56%
|
3
-61%
|
11
+296%
|
11
+3%
|
(49)
N/A
|
(64)
-32%
|
(91)
-42%
|
(92)
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(7)
|
(7)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(4)
|
(5)
|
(4)
|
(3)
|
(5)
|
(1)
|
(1)
|
(2)
|
(0)
|
(6)
|
(7)
|
(5)
|
(8)
|
(7)
|
(7)
|
(9)
|
(8)
|
(5)
|
(6)
|
(7)
|
(8)
|
(11)
|
(12)
|
(10)
|
(10)
|
(11)
|
(9)
|
(7)
|
(7)
|
(6)
|
|
Income from Continuing Operations |
23
|
24
|
27
|
29
|
33
|
34
|
33
|
29
|
29
|
27
|
25
|
26
|
20
|
18
|
16
|
10
|
6
|
6
|
24
|
23
|
20
|
20
|
(8)
|
(6)
|
4
|
10
|
30
|
33
|
39
|
40
|
31
|
24
|
5
|
(5)
|
(7)
|
1
|
0
|
(58)
|
(72)
|
(98)
|
(98)
|
|
Income to Minority Interest |
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
|
0
|
0
|
|
Net Income (Common) |
23
N/A
|
24
+6%
|
27
+11%
|
29
+9%
|
33
+11%
|
34
+3%
|
33
0%
|
29
-14%
|
29
+1%
|
27
-9%
|
25
-7%
|
26
+6%
|
20
-23%
|
18
-13%
|
16
-11%
|
10
-39%
|
(10)
N/A
|
(11)
-8%
|
7
N/A
|
6
-10%
|
12
+92%
|
12
-3%
|
(16)
N/A
|
(15)
+10%
|
4
N/A
|
10
+189%
|
30
+188%
|
33
+12%
|
39
+16%
|
40
+3%
|
31
-22%
|
24
-23%
|
5
-78%
|
(5)
N/A
|
(7)
-57%
|
1
N/A
|
0
-60%
|
(58)
N/A
|
(72)
-23%
|
(98)
-37%
|
(98)
0%
|
|
EPS (Diluted) |
1.39
N/A
|
1.5
+8%
|
1.69
+13%
|
1.82
+8%
|
2.01
+10%
|
2.08
+3%
|
2.07
0%
|
1.89
-9%
|
1.88
-1%
|
1.82
-3%
|
1.69
-7%
|
1.78
+5%
|
1.38
-22%
|
1.21
-12%
|
1.08
-11%
|
0.67
-38%
|
-0.71
N/A
|
-0.78
-10%
|
0.48
N/A
|
0.44
-8%
|
0.84
+91%
|
0.84
N/A
|
-1.16
N/A
|
-1.02
+12%
|
0.26
N/A
|
0.73
+181%
|
2.09
+186%
|
2.35
+12%
|
2.72
+16%
|
2.8
+3%
|
2.23
-20%
|
1.77
-21%
|
0.39
-78%
|
-0.35
N/A
|
-0.55
-57%
|
0.09
N/A
|
0.03
-67%
|
-4.57
N/A
|
-5.54
-21%
|
-7.6
-37%
|
-7.64
-1%
|