Universal Display (OLED) Income Statement: Revenue & Earnings

Universal Display Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Universal Display Corporation income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	647.68	576.43	616.62	553.53	428.87	405.18	247.41
Cost of Revenue	148.46	135.38	127.90	114.99	104.13	75.37	53.54
Gross Profit	499.22	441.05	488.72	438.53	324.74	329.80	193.87
Operating Expenses
Research & Development	157.19	130.48	117.06	99.67	83.89	71.28	53.72
Selling, General & Administrative	74.29	67.39	77.89	80.37	61.35	59.61	47.00
Operating Expenses	260.42	223.86	221.61	210.89	167.21	171.46	137.14
Operating Income	238.80	217.19	267.11	227.64	157.53	158.34	56.74
Other Income/Expense
Interest Income	40.68	28.17	7.81	0.51	5.14	0.00	7.66
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	33.33	-0.18	-6.69	0.10	0.86	-11.56	-0.08
Income
Income Before Tax	272.13	245.17	268.23	228.25	163.53	169.91	64.31
Income Tax Expense	50.05	42.16	58.17	44.03	30.16	31.60	5.47
Net Income	222.08	203.01	210.06	184.21	133.37	138.30	58.84
Net Income - Continuous Operations	222.08	203.01	210.06	184.21	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	282.94	260.59	309.38	269.61	194.71	197.72	87.31
EBIT	272.13	217.19	267.11	227.64	157.53	169.91	56.74
Depreciation & Amortization	44.14	15.99	17.46	21.99	37.19	12.50	21.96
Earnings Per Share
Basic EPS	5.00	4.00	4.00	4.00	3.00	3.00	1.00
Diluted EPS	5.00	4.00	4.00	4.00	3.00	3.00	1.00
Basic Shares Outstanding	47.55	47.56	47.39	47.30	47.20	46.96	46.85
Diluted Shares Outstanding	47.65	47.62	47.47	47.37	47.24	47.00	46.90