
Globus Medical Inc
NYSE:GMED

Income Statement
Earnings Waterfall
Globus Medical Inc
Revenue
|
2.5B
USD
|
Cost of Revenue
|
-1B
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
219.7m
USD
|
Other Expenses
|
-116.7m
USD
|
Net Income
|
103m
USD
|
Income Statement
Globus Medical Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
474
N/A
|
492
+4%
|
512
+4%
|
531
+4%
|
545
+3%
|
553
+1%
|
556
+1%
|
555
0%
|
564
+2%
|
581
+3%
|
596
+3%
|
612
+3%
|
636
+4%
|
655
+3%
|
676
+3%
|
693
+3%
|
713
+3%
|
721
+1%
|
743
+3%
|
770
+4%
|
785
+2%
|
793
+1%
|
747
-6%
|
767
+3%
|
789
+3%
|
826
+5%
|
928
+12%
|
941
+1%
|
958
+2%
|
961
+0%
|
974
+1%
|
998
+3%
|
1 023
+2%
|
1 069
+5%
|
1 097
+3%
|
1 226
+12%
|
1 568
+28%
|
1 898
+21%
|
2 236
+18%
|
2 479
+11%
|
2 519
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(111)
|
(118)
|
(124)
|
(129)
|
(132)
|
(132)
|
(132)
|
(130)
|
(135)
|
(139)
|
(143)
|
(149)
|
(151)
|
(153)
|
(153)
|
(154)
|
(159)
|
(163)
|
(170)
|
(177)
|
(180)
|
(187)
|
(194)
|
(205)
|
(218)
|
(224)
|
(237)
|
(238)
|
(239)
|
(243)
|
(248)
|
(255)
|
(264)
|
(275)
|
(283)
|
(353)
|
(548)
|
(719)
|
(902)
|
(1 038)
|
(1 035)
|
|
Gross Profit |
364
N/A
|
374
+3%
|
388
+4%
|
402
+4%
|
412
+3%
|
421
+2%
|
424
+1%
|
425
+0%
|
429
+1%
|
442
+3%
|
452
+2%
|
463
+2%
|
486
+5%
|
502
+3%
|
522
+4%
|
539
+3%
|
554
+3%
|
558
+1%
|
573
+3%
|
592
+3%
|
605
+2%
|
606
+0%
|
554
-9%
|
562
+1%
|
572
+2%
|
602
+5%
|
691
+15%
|
703
+2%
|
719
+2%
|
718
0%
|
726
+1%
|
744
+2%
|
759
+2%
|
794
+5%
|
814
+3%
|
873
+7%
|
1 020
+17%
|
1 180
+16%
|
1 334
+13%
|
1 441
+8%
|
1 484
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(220)
|
(226)
|
(236)
|
(244)
|
(248)
|
(252)
|
(253)
|
(255)
|
(270)
|
(286)
|
(298)
|
(309)
|
(319)
|
(330)
|
(346)
|
(363)
|
(377)
|
(390)
|
(404)
|
(418)
|
(429)
|
(438)
|
(454)
|
(455)
|
(456)
|
(461)
|
(465)
|
(474)
|
(524)
|
(529)
|
(530)
|
(543)
|
(523)
|
(548)
|
(566)
|
(635)
|
(818)
|
(1 006)
|
(1 166)
|
(1 272)
|
(1 264)
|
|
Selling, General & Administrative |
(188)
|
(193)
|
(202)
|
(208)
|
(210)
|
(213)
|
(211)
|
(212)
|
(222)
|
(235)
|
(247)
|
(256)
|
(268)
|
(277)
|
(289)
|
(301)
|
(312)
|
(322)
|
(333)
|
(346)
|
(355)
|
(363)
|
(354)
|
(355)
|
(355)
|
(359)
|
(386)
|
(394)
|
(408)
|
(411)
|
(410)
|
(421)
|
(432)
|
(454)
|
(467)
|
(517)
|
(643)
|
(770)
|
(888)
|
(972)
|
(981)
|
|
Research & Development |
(32)
|
(33)
|
(34)
|
(36)
|
(36)
|
(38)
|
(39)
|
(40)
|
(45)
|
(45)
|
(45)
|
(46)
|
(44)
|
(46)
|
(49)
|
(53)
|
(56)
|
(57)
|
(59)
|
(58)
|
(60)
|
(61)
|
(85)
|
(85)
|
(85)
|
(84)
|
(60)
|
(62)
|
(97)
|
(100)
|
(102)
|
(105)
|
(73)
|
(77)
|
(81)
|
(91)
|
(124)
|
(160)
|
(177)
|
(183)
|
(164)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(2)
|
0
|
(0)
|
(1)
|
(4)
|
(5)
|
(6)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(27)
|
(51)
|
(76)
|
(101)
|
(118)
|
(119)
|
|
Operating Income |
144
N/A
|
148
+3%
|
152
+3%
|
158
+4%
|
164
+4%
|
169
+3%
|
172
+2%
|
170
-1%
|
159
-6%
|
156
-2%
|
154
-1%
|
154
0%
|
166
+8%
|
171
+3%
|
176
+3%
|
176
N/A
|
177
+1%
|
169
-5%
|
169
+0%
|
175
+3%
|
177
+1%
|
168
-5%
|
100
-41%
|
107
+7%
|
115
+8%
|
141
+22%
|
226
+60%
|
229
+1%
|
195
-15%
|
189
-3%
|
196
+4%
|
201
+2%
|
236
+18%
|
245
+4%
|
248
+1%
|
238
-4%
|
202
-15%
|
174
-14%
|
169
-3%
|
169
+0%
|
220
+30%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
2
|
3
|
4
|
6
|
6
|
8
|
8
|
9
|
12
|
14
|
16
|
17
|
17
|
18
|
17
|
16
|
15
|
14
|
12
|
12
|
10
|
8
|
8
|
6
|
7
|
13
|
18
|
24
|
25
|
34
|
10
|
(0)
|
7
|
(47)
|
|
Non-Reccuring Items |
(6)
|
(3)
|
(2)
|
(2)
|
8
|
8
|
6
|
5
|
(5)
|
(5)
|
(3)
|
(5)
|
(4)
|
(4)
|
(4)
|
(2)
|
(8)
|
(8)
|
(7)
|
(9)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(17)
|
(17)
|
(23)
|
(25)
|
(10)
|
(8)
|
(8)
|
(7)
|
(12)
|
(61)
|
(69)
|
(89)
|
(100)
|
(53)
|
(54)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
5
|
6
|
6
|
6
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
1
|
0
|
(2)
|
(2)
|
(1)
|
(1)
|
2
|
|
Pre-Tax Income |
139
N/A
|
144
+4%
|
150
+4%
|
156
+4%
|
173
+11%
|
178
+3%
|
179
+0%
|
177
-1%
|
157
-11%
|
156
-1%
|
157
+1%
|
156
-1%
|
170
+9%
|
176
+3%
|
186
+6%
|
192
+3%
|
189
-2%
|
182
-3%
|
179
-2%
|
183
+2%
|
190
+4%
|
181
-5%
|
112
-38%
|
118
+6%
|
126
+7%
|
151
+20%
|
221
+47%
|
223
+1%
|
180
-19%
|
172
-5%
|
194
+13%
|
201
+4%
|
243
+21%
|
257
+6%
|
262
+2%
|
203
-23%
|
165
-18%
|
94
-43%
|
67
-29%
|
121
+82%
|
121
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(46)
|
(48)
|
(50)
|
(53)
|
(60)
|
(62)
|
(61)
|
(59)
|
(53)
|
(51)
|
(49)
|
(49)
|
(52)
|
(46)
|
(41)
|
(36)
|
(32)
|
(32)
|
(36)
|
(37)
|
(35)
|
(33)
|
(23)
|
(23)
|
(24)
|
(29)
|
(38)
|
(36)
|
(31)
|
(30)
|
(39)
|
(46)
|
(53)
|
(56)
|
(57)
|
(45)
|
(43)
|
(27)
|
(26)
|
(30)
|
(18)
|
|
Income from Continuing Operations |
92
|
96
|
99
|
103
|
113
|
116
|
118
|
118
|
104
|
105
|
108
|
107
|
118
|
129
|
146
|
155
|
157
|
150
|
143
|
147
|
155
|
148
|
89
|
95
|
102
|
122
|
184
|
187
|
149
|
142
|
155
|
155
|
190
|
201
|
204
|
158
|
123
|
67
|
41
|
92
|
103
|
|
Net Income (Common) |
92
N/A
|
96
+4%
|
99
+4%
|
103
+3%
|
113
+10%
|
116
+3%
|
118
+1%
|
118
0%
|
104
-11%
|
105
+1%
|
108
+3%
|
107
-1%
|
107
N/A
|
118
+10%
|
135
+14%
|
144
+7%
|
157
+9%
|
150
-4%
|
143
-5%
|
147
+2%
|
155
+6%
|
148
-5%
|
89
-40%
|
95
+7%
|
102
+8%
|
122
+19%
|
184
+51%
|
187
+2%
|
149
-20%
|
142
-5%
|
155
+9%
|
155
+0%
|
190
+23%
|
201
+6%
|
204
+2%
|
158
-23%
|
123
-22%
|
67
-46%
|
41
-39%
|
92
+125%
|
103
+13%
|
|
EPS (Diluted) |
0.97
N/A
|
1.01
+4%
|
1.04
+3%
|
1.08
+4%
|
1.17
+8%
|
1.21
+3%
|
1.23
+2%
|
1.22
-1%
|
1.08
-11%
|
1.09
+1%
|
1.11
+2%
|
1.1
-1%
|
1.09
-1%
|
1.17
+7%
|
1.32
+13%
|
1.41
+7%
|
1.54
+9%
|
1.48
-4%
|
1.42
-4%
|
1.45
+2%
|
1.52
+5%
|
1.45
-5%
|
0.91
-37%
|
0.94
+3%
|
1.01
+7%
|
1.19
+18%
|
1.77
+49%
|
1.81
+2%
|
1.44
-20%
|
1.36
-6%
|
1.49
+10%
|
1.55
+4%
|
1.85
+19%
|
1.98
+7%
|
2.02
+2%
|
1.37
-32%
|
1.07
-22%
|
0.49
-54%
|
0.3
-39%
|
0.66
+120%
|
0.75
+14%
|