Coherent revenue was $1.49 b in FY, 2021 which is a 21% year over year increase from the previous period.
Coherent revenue breakdown by business segment: 38.6% from Industrial Lasers & Systems and 61.4% from OEM Laser Sources
Coherent revenue breakdown by geographic segment: 18.4% from South Korea, 9.3% from Europe, Other, 9.2% from Asia-Pacific, Other, 8.0% from Japan, 22.6% from United States, 18.4% from China, 9.4% from Germany and 4.7% from Other
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Revenue | 1.4b | 1.2b | 1.5b |
Revenue growth, % | (25%) | (14%) | 21% |
Cost of goods sold | 944.2m | 818.1m | 918.6m |
Gross profit | 486.5m | 410.9m | 568.8m |
Gross profit Margin, % | 34% | 33% | 38% |
R&D expense | 117.4m | 115.6m | 124.3m |
General and administrative expense | 272.3m | 270.5m | 303.9m |
Operating expense total | 403.4m | 841.1m | 667.1m |
Depreciation and amortization | 13.8m | 4.0m | 2.9m |
EBIT | 83.1m | (430.2m) | (98.2m) |
EBIT margin, % | 6% | (35%) | (7%) |
Interest expense | 19.1m | 17.0m | 18.1m |
Interest income | 1.1m | 1.1m | 458.0k |
Pre tax profit | 60.0m | (442.7m) | (115.5m) |
Income tax expense | 6.2m | (28.6m) | (8.8m) |
Net Income | 53.8m | (414.1m) | (106.8m) |
EPS | 2.2 | (17.2) | (4.4) |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Cash | 305.8m | 440.3m | 456.5m |
Accounts Receivable | 267.6m | 220.3m | 249.4m |
Prepaid Expenses | 78.0m | 88.3m | 79.6m |
Inventories | 442.5m | 426.8m | 392.2m |
Current Assets | 1.1b | 1.2b | 1.2b |
PP&E | 323.4m | 245.7m | 302.6m |
Goodwill | 427.1m | 101.3m | 105.3m |
Total Assets | 2.1b | 1.8b | 1.9b |
Accounts Payable | 51.5m | 60.2m | 104.5m |
Short-term debt | 14.9m | 16.8m | 18.4m |
Current Liabilities | 240.3m | 268.1m | 382.2m |
Long-term debt | 392.2m | 411.1m | 425.8m |
Total Liabilities | 798.4m | 900.3m | 1.0b |
Common Stock | 238.0k | 241.0k | 244.0k |
Additional Paid-in Capital | 34.3m | 80.3m | 123.1m |
Retained Earnings | 1.3b | 872.4m | 765.6m |
Total Equity | 1.3b | 927.2m | 868.2m |
Debt to Equity Ratio | 0.3 x | 0.5 x | 0.5 x |
Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x |
Financial Leverage | 1.6 x | 2 x | 2.2 x |
USD | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|
Net Income | 53.8m | (414.1m) | (106.8m) |
Depreciation and Amortization | 116.4m | 76.8m | 54.8m |
Accounts Receivable | 82.1m | 53.1m | (28.7m) |
Inventories | 17.8m | 28.5m | 29.0m |
Accounts Payable | (15.2m) | 8.2m | 42.5m |
Cash From Operating Activities | 181.4m | 206.9m | 72.9m |
Purchases of PP&E | (83.3m) | (64.9m) | (82.6m) |
Cash From Investing Activities | (100.3m) | (78.2m) | (72.9m) |
Short-term Borrowings | (111.8m) | (14.5m) | (1.9m) |
Long-term Borrowings | (7.5m) | (7.9m) | (8.6m) |
Cash From Financing Activities | (80.5m) | (9.9m) | 20.6m |
Net Change in Cash | (5.4m) | 126.9m | 17.0m |
Interest Paid | 14.5m | 13.7m | 14.6m |
Income Taxes Paid | 156.7m | 33.6m | 30.3m |
USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|
Net Income | 5.8m | (413.1m) | (421.8m) | 144.0k | (158.1m) | (127.8m) | 30.3m |
Depreciation and Amortization | 25.5m | 50.2m | 63.4m | 13.2m | 26.7m | 41.0m | 12.4m |
Accounts Receivable | 34.3m | 63.8m | 71.7m | (359.0k) | (27.8m) | (33.2m) | 4.3m |
Inventories | (867.0k) | (19.3m) | (164.0k) | 18.6m | 30.1m | 28.0m | (6.6m) |
Accounts Payable | 789.0k | 9.9m | 14.7m | (912.0k) | 30.9m | 44.4m | (4.1m) |
Cash From Operating Activities | 60.0m | 105.8m | 160.1m | 74.9m | (68.3m) | 3.1m | 12.1m |
Purchases of PP&E | (11.5m) | (35.4m) | (48.4m) | (15.1m) | (37.0m) | (60.5m) | (16.9m) |
Cash From Investing Activities | (10.7m) | (34.5m) | (89.5m) | (13.4m) | (14.9m) | (66.3m) | (16.8m) |
Short-term Borrowings | (12.2m) | (13.6m) | (14.0m) | (468.0k) | (939.0k) | (1.4m) | (10.5m) |
Long-term Borrowings | (2.0m) | (3.9m) | (5.9m) | (2.1m) | (4.2m) | (6.5m) | (1.9m) |
Cash From Financing Activities | (9.5m) | (11.2m) | (7.3m) | (5.6m) | (8.5m) | 23.4m | (43.8m) |
Net Change in Cash | 43.9m | 55.6m | 65.6m | 68.2m | (86.4m) | (35.3m) | (52.3m) |
USD | Q1, 2019 |
---|
FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 | |
---|---|---|---|---|---|---|---|---|
Backlog | $328.3 m | $309.5 m | $605.3 m | $1.04 b | $759.9 m | $502.1 m | $548 m | $717.1 m |
Backlog (Specialty Lasers and Systems) | $253 m | $219.3 m | $515.2 m | $801.4 m | $488.8 m | $309.5 m | $354.5 m | $426 m |
Backlog (Commercial Lasers and Components) | $75.3 m | $90.2 m | $90.1 m | $238.6 m | $271.1 m | $192.6 m | $193.5 m | $291.1 m |
Patents Issued | 427 | 484 | 565 | 700 | 725 | 785 | 880 | 890 |
Patent Applications | 147 | 139 | 133 | 275 | 245 | 225 | 185 | 195 |
FY, 2020 | FY, 2019 | FY, 2018 | |
---|---|---|---|
Operations | 64% | 64.9% | 64.5% |
Sales and Administration | 23.8% | 22.7% | 22.7% |
Product Research and Development | 12.2% | 12.4% | 12.8% |