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Velodyne Lidar, Inc. (VLDR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-KS-1
Revenues:  
Total revenues  61.995.4101.4142.9182.1
            Revenue growth   [+]-35.1%-6.0%-29.1%-21.5% 
Cost of goods sold  67.870.271.6112.1101.7
Gross profit  -5.925.129.830.980.4
            Gross margin  -9.6%26.3%29.4%21.6%44.1%
Selling, general and administrative   [+]138.397.541.935.023.9
Research and development  77.988.156.952.0 
Other operating expenses   -7.5  31.6
EBITDA   [+]-213.7-144.5-61.0-49.428.2
            EBITDA margin  -345.0%-151.6%-60.2%-34.5%15.5%
Depreciation  8.18.07.86.83.3
EBITA  -221.7-152.5-68.8-56.224.8
            EBITA margin  -358.0%-160.0%-67.9%-39.3%13.6%
Amortization of intangibles  0.40.40.2  
EBIT   [+]-222.1-152.9-69.0-56.224.8
            EBIT margin  -358.7%-160.4%-68.1%-39.3%13.6%
Non-recurring items   1.0   
Interest income, net   [+]0.40.01.10.60.5
Other income (expense), net   [+]10.2-0.10.0-0.10.2
Pre-tax income  -211.6-153.9-67.9-55.725.6
Income taxes  0.6-4.1-0.76.69.8
            Tax rate   2.7%1.0% 38.4%
Net income  -212.2-149.9-67.2-62.315.8
            Net margin  -342.7%-157.2%-66.3%-43.6%8.7%
   
Basic EPS   [+]($1.09)($1.01)($0.50)($0.48)$0.46
Diluted EPS   [+]($1.09)($1.01)($0.50)($0.48)$0.43
   
Shares outstanding (basic)   [+]194.0148.1133.9129.934.3
Shares outstanding (diluted)   [+]194.0148.1133.9129.936.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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