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DZS INC. (DZSI)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  375.7350.2300.6306.9282.3247.1150.3139.2
            Revenue growth  7.3%16.5%-2.0%8.7%14.3%64.4%8.0% 
Cost of goods sold   [+]257.3229.9203.8206.8191.0164.3108.6103.3
Gross profit  118.4120.396.9100.191.382.841.735.9
            Gross margin  31.5%34.3%32.2%32.6%32.3%33.5%27.7%25.8%
Selling, general and administrative   [+]85.490.263.561.248.344.627.717.5
Research and development     38.535.336.125.821.3
Other operating expenses  -192.3-167.7-157.91.0    
EBITDA   [+]233.7202.2196.43.09.94.5-10.2-1.6
            EBITDA margin  62.2%57.7%65.3%1.0%3.5%1.8%-6.8%-1.1%
Depreciation  4.93.43.73.62.22.51.61.4
EBITA  228.8198.9192.7-0.67.72.0-11.8-3.0
            EBITA margin  60.9%56.8%64.1%-0.2%2.7%0.8%-7.8%-2.1%
Amortization of intangibles  3.61.21.41.50.51.31.60.0
EBIT   [+]225.3197.7191.2-2.17.20.7-13.4-3.0
            EBIT margin  60.0%56.4%63.6%-0.7%2.5%0.3%-8.9%-2.1%
Non-recurring items   [+]0.1  4.9  -0.3 
Interest income     0.50.30.10.20.1
Other income (expense), net   [+]-260.6-229.2-210.8-3.1-2.9-1.8-1.0-0.3
Pre-tax income  -35.4-31.5-19.6-9.74.6-0.9-13.8-3.1
Income taxes  2.03.23.53.61.7-2.11.50.2
            Tax rate      37.8%230.5%  
Minority interest     0.20.10.10.0 
Net income  -37.4-34.7-23.1-13.52.81.1-15.3-3.3
            Net margin  -10.0%-9.9%-7.7%-4.4%1.0%0.4%-10.2%-2.4%
   
Basic EPS   [+]($1.33)($1.30)($1.07)($0.69)$0.17$0.07($1.32)($0.36)
Diluted EPS   [+]($1.33)($1.30)($1.07)($0.69)$0.17$0.07($1.32)($0.36)
   
Shares outstanding (basic)   [+]28.126.721.619.416.516.411.69.3
Shares outstanding (diluted)   [+]28.126.721.619.416.716.411.69.3
   
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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