Camtek Ltd.

(CAMT) Financials: Income Statement | Seeking Alpha

Income Statement Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 TTM

Revenues

Revenues 84.5 85.4 88.3 69.4 79.2 93.5 123.2 134.0 155.9 244.1

Other Revenues - - - - - - - - - -

Total Revenues 84.5 85.4 88.3 69.4 79.2 93.5 123.2 134.0 155.9 244.1

Cost Of Revenues 45.5 47.3 47.1 36.5 41.8 48.0 62.4 69.2 82.6 121.0

Gross Profit 39.1 38.1 41.2 32.9 37.4 45.5 60.8 64.8 73.2 123.1

Operating Expenses & Income

Selling General & Admin Expenses 21.1 22.4 21.4 19.3 21.9 22.0 26.2 26.5 31.0 41.1

R&D Expenses 12.9 14.4 14.4 11.4 12.6 13.5 14.6 16.3 19.6 22.4

Total Operating Expenses 34.1 36.7 35.8 30.7 34.5 35.6 40.8 42.8 50.6 63.5

Operating Income 5.0 1.4 5.4 2.2 2.9 10.0 20.0 22.0 22.6 59.6

Earnings from Continuing Operations

Interest Expense (0.2) (0.2) (0.0) (0.3) (0.2) (0.0) - - - (0.1)

Interest And Investment Income 0.0 0.1 0.1 0.1 0.1 0.1 0.6 1.4 1.3 1.1

Net Interest Expenses (0.1) (0.1) 0.1 (0.3) (0.2) 0.1 0.6 1.4 1.3 1.0

Currency Exchange Gains (Loss) 0.1 (0.2) (0.5) (0.3) (0.4) (0.0) 0.2 (0.4) (0.4) (0.1)

Other Non Operating Income (Expenses) (0.8) (0.6) (0.5) (0.3) (0.3) (0.2) (0.1) (0.3) (0.2) (0.2)

EBT, Excl. Unusual Items 4.2 0.5 4.4 1.3 2.0 9.8 20.8 22.8 23.4 60.3

EBT, Incl. Unusual Items 0.2 (0.6) 3.9 (14.9) 1.2 (3.2) 20.8 22.8 23.4 60.3

Income Tax Expense 0.2 (0.6) 0.6 (2.1) 0.3 (4.9) 2.0 2.0 1.6 5.2

Earnings From Continuing Operations 0.0 0.0 3.3 (12.8) 0.9 1.7 18.7 20.8 21.8 55.2
Net Income

Earnings Of Discontinued Operations - - - 2.7 3.9 12.3 - 1.2 - -

Net Income to Company 0.0 0.0 3.3 (10.1) 4.7 14.0 18.7 22.0 21.8 55.2

Net Income 0.0 0.0 3.3 (10.1) 4.7 14.0 18.7 22.0 21.8 55.2

NI to Common Incl Extra Items 0.0 0.0 3.3 (10.1) 4.7 14.0 18.7 22.0 21.8 55.2

NI to Common Excl. Extra Items 0.0 0.0 3.3 (12.8) 0.9 1.7 18.7 20.8 21.8 55.2

Revenue Per Share $2.83 $2.84 $2.90 $2.08 $2.24 $2.64 $3.40 $3.56 $3.96 $5.70

Basic EPS $0.00 $0.00 $0.11 ($0.30) $0.13 $0.39 $0.52 $0.58 $0.55 $1.29

Basic EPS - Continuing Ops $0.00 $0.00 $0.11 ($0.38) $0.02 $0.05 $0.52 $0.55 $0.55 $1.29

Basic Weighted Average Shares 29.8 30.0 30.5 33.4 35.3 35.4 36.2 37.6 39.4 42.8
Outst.

Diluted EPS $0.00 $0.00 $0.11 ($0.30) $0.13 $0.39 $0.51 $0.57 $0.54 $1.26

Diluted EPS - Continuing Ops $0.00 $0.00 $0.11 ($0.38) $0.02 $0.05 $0.51 $0.54 $0.54 $1.26

Diluted Weighted Average 30.0 30.1 30.5 33.4 35.4 36.0 36.7 38.4 40.4 43.9
Shares Outst.

Normalized Basic EPS $0.09 $0.01 $0.09 $0.02 $0.04 $0.17 $0.36 $0.38 $0.37 $0.88

Normalized Diluted EPS $0.09 $0.01 $0.09 $0.02 $0.04 $0.17 $0.35 $0.37 $0.36 $0.86

Dividend Per Share - - - - - $0.14 $0.14 $0.17 - -

Payout Ratio - - - - - 35.82% 27.03% 29.80% - -

EBITDA 7.1 3.9 7.5 4.1 4.9 12.1 22.0 23.2 23.3 60.6

EBITA 5.5 1.8 5.6 2.3 3.0 10.1 20.1 22.1 22.7 59.7

EBIT 5.0 1.4 5.4 2.2 2.9 10.0 20.0 22.0 22.6 59.6

EBITDAR 8.1 4.9 8.4 4.6 5.4 - - 24.3 24.3 -

Effective Tax Rate 98.6% NM 14.8% NM 25.9% NM 9.8% 8.6% 6.9% 8.5%

Normalized Net Income 2.6 0.3 2.8 0.8 1.3 6.1 13.0 14.2 14.6 37.7

R&D Expense From Footnotes 12.9 14.4 14.4 11.4 12.6 13.5 14.6 16.3 19.6 22.4

Foreign Sales - - - - - 93.5 123.2 134.0 155.9 -