II-VI market cap is $2.7 b, and annual revenue was $1.36 b in FY 2019

II-VI Gross profit (Q1, 2020)123.1 M

II-VI Gross profit margin (Q1, 2020), %36.2%

II-VI Net income (Q1, 2020)-26 M

II-VI Cash, 30-Sept-2019439.6 M

II-VI EV4.7 B

II-VI revenue was $1.36 b in FY, 2019 which is a 17.6% year over year increase from the previous period.

II-VI revenue breakdown by business segment: 24.0% from Performance Products, 46.9% from Photonics and 29.1% from Laser Solutions

II-VI revenue breakdown by geographic segment: 8.0% from Japan, 11.4% from Germany, 23.5% from Hong Kong, 21.3% from China, 29.8% from United States and 6.1% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 827.2m | 972.0m | 1.2b | 1.4b |

| 11% | 18% | 19% | 18% |

## Cost of goods sold | 514.4m | 583.7m | 697.5m | 841.1m |

## Gross profit | 312.8m | 388.4m | 461.3m | 521.3m |

| 38% | 40% | 40% | 38% |

## R&D expense | 60.4m | 96.8m | 117.2m | 139.2m |

## General and administrative expense | 160.6m | 176.0m | 208.8m | 233.5m |

## Operating expense total | 221.0m | 272.8m | 326.0m | 372.7m |

## Interest expense | 3.1m | 6.8m | 18.4m | 22.4m |

## Pre tax profit | 90.0m | 118.8m | 122.2m | 128.8m |

## Income tax expense | 24.5m | 23.5m | 34.2m | 21.3m |

## Net Income | 65.5m | 95.3m | 88.0m | 107.5m |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 221.5m | 231.8m | 245.0m | 261.5m | 281.5m | 294.7m | 314.4m | 342.8m | 342.5m | 340.4m |

## Cost of goods sold | 133.9m | 137.6m | 147.3m | 155.5m | 172.0m | 176.4m | 190.5m | 211.3m | 215.2m | 217.3m |

## Gross profit | 87.6m | 94.3m | 97.7m | 106.0m | 109.4m | 118.4m | 123.9m | 131.5m | 127.3m | 123.1m |

| 40% | 41% | 40% | 41% | 39% | 40% | 39% | 38% | 37% | 36% |

## R&D expense | 21.8m | 23.6m | 25.4m | 25.6m | 27.8m | 30.6m | 33.2m | 33.8m | 36.0m | 36.1m |

## General and administrative expense | 42.1m | 43.5m | 43.3m | 50.6m | 49.1m | 53.1m | 53.5m | 58.1m | 60.1m | 105.5m |

## Operating expense total | 63.9m | 67.1m | 68.7m | 76.2m | 76.9m | 83.6m | 86.7m | 91.9m | 96.2m | 141.6m |

## Interest expense | 1.2m | 1.4m | 1.9m | 3.6m | 4.6m | 5.0m | 5.6m | 5.6m | 5.6m | 7.0m |

## Pre tax profit | 23.8m | 31.8m | 29.3m | 26.9m | 29.9m | 31.2m | 32.3m | 34.7m | 27.0m | (30.5m) |

## Income tax expense | 7.6m | 7.9m | 6.8m | 5.8m | 20.3m | 1.1m | 6.2m | 6.0m | 2.4m | (4.5m) |

## Net Income | 16.3m | 23.9m | 22.4m | 21.1m | 9.6m | 30.1m | 26.1m | 28.7m | 24.6m | (26.0m) |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 218.4m | 271.9m | 247.0m | 204.9m |

## Accounts Receivable | 164.8m | 193.4m | 215.0m | 269.6m |

## Prepaid Expenses | 18.0m | 26.6m | 43.7m | 30.3m |

## Inventories | 175.1m | 203.7m | 248.3m | 296.3m |

## Current Assets | 583.0m | 702.3m | 761.8m | 812.9m |

## PP&E | 242.9m | 367.7m | 524.9m | 582.8m |

## Goodwill | 233.8m | 250.3m | 270.7m | 319.8m |

## Total Assets | 1.2b | 1.5b | 1.8b | 2.0b |

## Accounts Payable | 53.8m | 65.5m | 89.8m | 104.5m |

## Short-term debt | 20.0m | 20.0m | 20.0m | 23.8m |

## Current Liabilities | 171.2m | 185.0m | 236.5m | 270.6m |

## Long-term debt | 215.9m | 322.0m | 419.0m | 443.2m |

## Total Debt | 235.9m | 342.0m | 439.0m | 467.0m |

## Total Liabilities | 430.3m | 576.7m | 737.4m | 820.6m |

## Common Stock | 243.8m | 269.6m | 351.8m | 382.4m |

## Retained Earnings | 652.8m | 748.1m | 836.1m | 943.6m |

## Total Equity | 782.3m | 900.6m | 1.0b | 1.1b |

## Debt to Equity Ratio | 0.3 x | 0.4 x | 0.4 x | 0.4 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.2 x |

## Financial Leverage | 1.5 x | 1.6 x | 1.7 x | 1.7 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 65.5m | 95.3m | 88.0m | 107.5m |

## Depreciation and Amortization | 56.7m | 63.6m | 80.8m | 92.4m |

## Accounts Receivable | (20.8m) | (26.2m) | (21.0m) | (50.8m) |

## Inventories | (8.6m) | (25.0m) | (38.7m) | (36.4m) |

## Accounts Payable | 5.7m | 6.7m | 17.4m | 16.0m |

## Cash From Operating Activities | 123.0m | 118.6m | 161.0m | 178.5m |

## Purchases of PP&E | (58.2m) | (138.5m) | (153.4m) | (137.1m) |

## Cash From Investing Activities | (135.2m) | (177.2m) | (284.9m) | (224.0m) |

## Long-term Borrowings | (65.7m) | (25.0m) | (292.0m) | (135.0m) |

## Cash From Financing Activities | 61.5m | 111.6m | 97.0m | 4.9m |

## Net Change in Cash | 44.8m | 53.4m | (24.8m) | (42.2m) |

## Income Taxes Paid | 13.4m | 735.0k | 7.4m | 366.0k |

USD | Y, 2019 |
---|---|

## EV/CFO | -184.2 x |

## Debt/Equity | 1.2 x |

## Debt/Assets | 0.5 x |

## Financial Leverage | 2.5 x |

II-VI's Backlog was reported to be $721m in Q1, 2020. II-VI's Customers was reported to be 7 k in FY, 2014.