Sierra Wireless Inc
TSX:SW
Income Statement
Earnings Waterfall
Sierra Wireless Inc
Income Statement
Sierra Wireless Inc
| Dec-2012 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||
| Revenue |
397
N/A
|
406
+2%
|
421
+3%
|
433
+3%
|
442
+2%
|
462
+4%
|
487
+6%
|
518
+6%
|
549
+6%
|
578
+5%
|
601
+4%
|
612
+2%
|
608
-1%
|
600
-1%
|
598
0%
|
597
0%
|
616
+3%
|
634
+3%
|
651
+3%
|
670
+3%
|
691
+3%
|
716
+4%
|
745
+4%
|
776
+4%
|
794
+2%
|
781
-2%
|
690
-12%
|
624
-10%
|
547
-12%
|
477
-13%
|
477
N/A
|
453
-5%
|
449
-1%
|
454
+1%
|
475
+5%
|
444
-7%
|
473
+7%
|
538
+14%
|
593
+10%
|
677
+14%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(272)
|
(276)
|
(283)
|
(289)
|
(296)
|
(311)
|
(329)
|
(351)
|
(370)
|
(389)
|
(404)
|
(413)
|
(414)
|
(408)
|
(405)
|
(404)
|
(398)
|
(408)
|
(418)
|
(429)
|
(457)
|
(476)
|
(494)
|
(515)
|
(529)
|
(524)
|
(454)
|
(405)
|
(350)
|
(299)
|
(306)
|
(293)
|
(290)
|
(292)
|
(308)
|
(292)
|
(316)
|
(364)
|
(402)
|
(453)
|
|
| Gross Profit |
125
N/A
|
131
+4%
|
137
+5%
|
143
+5%
|
146
+2%
|
151
+4%
|
158
+5%
|
167
+6%
|
179
+7%
|
189
+6%
|
197
+4%
|
199
+1%
|
194
-2%
|
192
-1%
|
194
+1%
|
194
+0%
|
218
+12%
|
227
+4%
|
233
+3%
|
241
+3%
|
234
-3%
|
241
+3%
|
251
+4%
|
261
+4%
|
265
+2%
|
257
-3%
|
236
-8%
|
219
-7%
|
198
-10%
|
178
-10%
|
170
-4%
|
160
-6%
|
159
-1%
|
162
+2%
|
167
+3%
|
151
-9%
|
157
+3%
|
174
+11%
|
191
+10%
|
224
+17%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(142)
|
(147)
|
(153)
|
(158)
|
(163)
|
(167)
|
(171)
|
(174)
|
(178)
|
(179)
|
(179)
|
(180)
|
(181)
|
(183)
|
(187)
|
(192)
|
(196)
|
(200)
|
(206)
|
(211)
|
(221)
|
(236)
|
(253)
|
(264)
|
(270)
|
(266)
|
(248)
|
(240)
|
(234)
|
(233)
|
(239)
|
(242)
|
(245)
|
(243)
|
(237)
|
(226)
|
(220)
|
(210)
|
(205)
|
(204)
|
|
| Selling, General & Administrative |
(70)
|
(71)
|
(73)
|
(76)
|
(77)
|
(81)
|
(83)
|
(85)
|
(88)
|
(89)
|
(91)
|
(93)
|
(95)
|
(96)
|
(99)
|
(102)
|
(105)
|
(109)
|
(112)
|
(113)
|
(118)
|
(124)
|
(137)
|
(145)
|
(150)
|
(150)
|
(142)
|
(139)
|
(134)
|
(135)
|
(135)
|
(135)
|
(138)
|
(139)
|
(139)
|
(134)
|
(131)
|
(123)
|
(120)
|
(121)
|
|
| Research & Development |
(62)
|
(65)
|
(69)
|
(70)
|
(73)
|
(75)
|
(77)
|
(79)
|
(81)
|
(80)
|
(78)
|
(77)
|
(74)
|
(74)
|
(74)
|
(74)
|
(73)
|
(74)
|
(76)
|
(79)
|
(83)
|
(88)
|
(92)
|
(93)
|
(94)
|
(92)
|
(84)
|
(80)
|
(79)
|
(77)
|
(83)
|
(86)
|
(86)
|
(84)
|
(79)
|
(74)
|
(71)
|
(71)
|
(71)
|
(70)
|
|
| Depreciation & Amortization |
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(14)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(21)
|
(23)
|
(25)
|
(26)
|
(26)
|
(24)
|
(22)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(20)
|
(19)
|
(18)
|
(17)
|
(16)
|
(15)
|
(13)
|
|
| Operating Income |
(17)
N/A
|
(16)
+2%
|
(16)
+4%
|
(15)
+6%
|
(17)
-13%
|
(16)
+7%
|
(13)
+15%
|
(7)
+48%
|
1
N/A
|
11
+715%
|
18
+69%
|
19
+8%
|
13
-33%
|
9
-35%
|
6
-27%
|
1
-77%
|
22
+1 479%
|
26
+19%
|
28
+6%
|
31
+10%
|
13
-57%
|
5
-59%
|
(3)
N/A
|
(4)
-36%
|
(5)
-34%
|
(9)
-75%
|
(12)
-35%
|
(22)
-80%
|
(36)
-67%
|
(55)
-52%
|
(69)
-25%
|
(81)
-19%
|
(86)
-6%
|
(81)
+6%
|
(70)
+14%
|
(75)
-7%
|
(63)
+16%
|
(36)
+43%
|
(14)
+61%
|
19
N/A
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
3
|
1
|
2
|
4
|
4
|
7
|
4
|
(7)
|
(12)
|
(25)
|
(22)
|
(14)
|
(12)
|
2
|
(0)
|
0
|
(2)
|
(3)
|
2
|
3
|
8
|
8
|
0
|
(2)
|
(6)
|
(8)
|
(3)
|
(5)
|
(1)
|
(3)
|
(1)
|
6
|
8
|
7
|
4
|
(2)
|
(8)
|
(7)
|
(14)
|
(15)
|
|
| Non-Reccuring Items |
(5)
|
(5)
|
(3)
|
(1)
|
(1)
|
(2)
|
(6)
|
(7)
|
(8)
|
(8)
|
(5)
|
(5)
|
(3)
|
(2)
|
(1)
|
(0)
|
(1)
|
(5)
|
(6)
|
(8)
|
(13)
|
(14)
|
(15)
|
(13)
|
(13)
|
(9)
|
(26)
|
(30)
|
(28)
|
(27)
|
(9)
|
(2)
|
(2)
|
(2)
|
(4)
|
(19)
|
(17)
|
(31)
|
(23)
|
(24)
|
|
| Gain/Loss on Disposition of Assets |
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
|
|
| Total Other Income |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
(19)
N/A
|
(21)
-10%
|
(17)
+19%
|
(12)
+28%
|
(14)
-14%
|
(11)
+22%
|
(16)
-43%
|
(20)
-26%
|
(18)
+7%
|
(21)
-16%
|
(9)
+59%
|
0
N/A
|
(2)
N/A
|
9
N/A
|
6
-38%
|
2
-64%
|
20
+890%
|
19
-7%
|
24
+28%
|
25
+6%
|
8
-69%
|
(1)
N/A
|
(17)
-2 371%
|
(19)
-8%
|
(24)
-27%
|
(26)
-8%
|
(40)
-57%
|
(57)
-41%
|
(66)
-16%
|
(86)
-31%
|
(79)
+8%
|
(79)
+1%
|
(82)
-5%
|
(79)
+4%
|
(72)
+9%
|
(97)
-35%
|
(89)
+8%
|
(74)
+17%
|
(52)
+30%
|
(21)
+60%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
15
|
16
|
14
|
14
|
(2)
|
(1)
|
2
|
2
|
1
|
(1)
|
(2)
|
(4)
|
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(4)
|
(3)
|
(1)
|
(3)
|
(3)
|
(5)
|
(6)
|
(1)
|
(2)
|
(4)
|
(6)
|
(9)
|
(5)
|
(0)
|
4
|
12
|
8
|
7
|
9
|
(0)
|
(0)
|
(2)
|
(4)
|
|
| Income from Continuing Operations |
(4)
|
(5)
|
(3)
|
2
|
(15)
|
(12)
|
(13)
|
(17)
|
(17)
|
(23)
|
(10)
|
(4)
|
(3)
|
8
|
4
|
(1)
|
15
|
15
|
21
|
24
|
5
|
(4)
|
(22)
|
(24)
|
(25)
|
(27)
|
(44)
|
(63)
|
(75)
|
(91)
|
(80)
|
(74)
|
(70)
|
(72)
|
(64)
|
(88)
|
(89)
|
(74)
|
(53)
|
(25)
|
|
| 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
|
|
| Net Income (Common) |
27
N/A
|
21
-24%
|
79
+278%
|
76
-4%
|
55
-27%
|
57
+4%
|
(13)
N/A
|
(16)
-28%
|
(17)
-5%
|
(23)
-34%
|
(10)
+55%
|
(4)
+61%
|
(3)
+33%
|
8
N/A
|
4
-44%
|
(1)
N/A
|
15
N/A
|
15
-5%
|
21
+42%
|
24
+16%
|
5
-81%
|
(4)
N/A
|
(22)
-492%
|
(24)
-11%
|
(25)
-1%
|
(27)
-11%
|
(44)
-61%
|
(63)
-43%
|
(71)
-11%
|
(82)
-16%
|
(69)
+15%
|
(61)
+12%
|
(49)
+19%
|
(57)
-15%
|
(51)
+10%
|
(77)
-51%
|
(89)
-16%
|
(72)
+19%
|
(50)
+30%
|
(22)
+57%
|
|
| EPS (Diluted) |
0.88
N/A
|
0.67
-24%
|
2.55
+281%
|
2.41
-5%
|
1.78
-26%
|
1.83
+3%
|
-0.39
N/A
|
-0.5
-28%
|
-0.53
-6%
|
-0.7
-32%
|
-0.32
+54%
|
-0.13
+59%
|
-0.09
+31%
|
0.23
N/A
|
0.13
-43%
|
-0.03
N/A
|
0.45
N/A
|
0.45
N/A
|
0.62
+38%
|
0.72
+16%
|
0.14
-81%
|
-0.09
N/A
|
-0.62
-589%
|
-0.69
-11%
|
-0.69
N/A
|
-0.77
-12%
|
-1.2
-56%
|
-1.75
-46%
|
-1.94
-11%
|
-2.25
-16%
|
-1.88
+16%
|
-1.68
+11%
|
-1.35
+20%
|
-1.53
-13%
|
-1.37
+10%
|
-2.06
-50%
|
-2.37
-15%
|
-1.89
+20%
|
-1.28
+32%
|
-0.55
+57%
|
|