Universal Display Corporation (OLED)

Income Statement (Annual)

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011 - 1994
Revenue	553.53	428.87	405.18	247.41	335.63	198.89	191.05	191.03	146.64	83.24	Upgrade
Revenue Growth (YoY)	29.07%	5.85%	63.77%	-26.28%	68.75%	4.10%	0.01%	30.27%	76.16%	35.82%	Upgrade
Cost of Revenue	115.68	96.6	87.15	60.54	64.44	32.11	63	41.32	32.16	6.6	Upgrade
Gross Profit	437.84	332.26	318.03	186.88	271.19	166.78	128.05	149.72	114.48	76.64	Upgrade
Selling, General & Admin	80.37	61.35	59.61	47	46.81	32.88	29.05	28.14	24.75	19.55	Upgrade
Research & Development	99.67	83.89	71.28	53.72	49.14	42.74	44.64	41.15	34.22	30.03	Upgrade
Other Operating Expenses	30.15	29.5	28.8	29.43	28.99	22.74	22.09	21.81	17.27	13.39	Upgrade
Operating Expenses	210.2	174.74	159.68	130.14	124.95	98.36	95.77	91.1	76.23	62.97	Upgrade
Operating Income	227.64	157.53	158.34	56.74	146.25	68.41	32.28	58.62	38.24	13.68	Upgrade
Interest Expense / Income	0	0	0	0	0	-0.19	-0.78	-0.71	0.05	0.05	Upgrade
Other Expense / Income	-0.6	-6	-11.56	-7.58	-3.29	0	0	0	-0.81	-1.24	Upgrade
Pretax Income	228.25	163.53	169.91	64.31	149.54	68.6	33.06	59.33	39.01	14.87	Upgrade
Income Tax	44.03	30.16	31.6	5.47	45.65	20.53	18.38	17.47	-35.04	5.21	Upgrade
Net Income	184.21	133.37	138.3	58.84	103.89	48.07	14.68	41.85	74.05	9.66	Upgrade
Net Income Common	184.21	133.37	138.3	58.84	103.89	48.07	14.68	41.85	74.05	9.66	Upgrade
Net Income Growth	38.12%	-3.57%	135.05%	-43.36%	116.11%	227.50%	-64.93%	-43.48%	666.58%	206.18%	Upgrade
Shares Outstanding (Basic)	47	47	47	47	47	46	47	46	46	46	Upgrade
Shares Outstanding (Diluted)	47	47	47	47	47	47	47	47	47	47	Upgrade
Shares Change	0.27%	0.51%	0.21%	0.20%	0.58%	-2.02%	1.73%	0.30%	-0.73%	3.86%	Upgrade
EPS (Basic)	3.87	2.80	2.92	1.24	2.19	1.02	0.31	0.90	1.61	0.21	Upgrade
EPS (Diluted)	3.87	2.80	2.92	1.24	2.18	1.02	0.31	0.90	1.59	0.21	Upgrade
EPS Growth	38.21%	-4.11%	135.48%	-43.12%	113.73%	229.03%	-65.56%	-43.40%	657.14%	200.00%	Upgrade
Free Cash Flow Per Share	3.13	2.56	3.49	2.06	2.22	1.57	2.32	0.89	0.87	-2.05	Upgrade
Dividend Per Share	0.800	0.600	0.400	0.240	0.120	-	-	-	-	-	Upgrade
Dividend Growth	33.33%	50.00%	66.67%	100.00%	-	-	-	-	-	-	Upgrade
Gross Margin	79.10%	77.50%	78.50%	75.50%	80.80%	83.90%	67.00%	78.40%	78.10%	92.10%	Upgrade
Operating Margin	41.10%	36.70%	39.10%	22.90%	43.60%	34.40%	16.90%	30.70%	26.10%	16.40%	Upgrade
Profit Margin	33.30%	31.10%	34.10%	23.80%	31.00%	24.20%	7.70%	21.90%	50.50%	11.60%	Upgrade
Free Cash Flow Margin	26.70%	28.20%	40.40%	39.00%	30.90%	36.70%	56.80%	21.50%	27.20%	-113.00%	Upgrade
Effective Tax Rate	19.29%	18.44%	18.60%	8.51%	30.53%	29.93%	55.60%	29.45%	-89.84%	35.03%	Upgrade
EBITDA	270.21	200.72	204.32	94.89	176.44	89.18	46.36	71.69	52.07	21.76	Upgrade
EBITDA Margin	48.80%	46.80%	50.40%	38.40%	52.60%	44.80%	24.30%	37.50%	35.50%	26.10%	Upgrade
Depreciation & Amortization	41.96	37.19	34.42	30.57	26.9	20.76	14.09	13.07	13.02	6.85	Upgrade
EBIT	228.25	163.53	169.91	64.31	149.54	68.41	32.28	58.62	39.06	14.92	Upgrade
EBIT Margin	41.20%	38.10%	41.90%	26.00%	44.60%	34.40%	16.90%	30.70%	26.60%	17.90%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).