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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenue $ 2,530.7 $ 2,417.9 $ 1,987.5
Total cost of revenue 1,225.0 1,208.3 1,047.7
Gross profit 1,305.7 1,209.6 939.8
Operating expenses:      
Selling, general and administrative 607.4 561.2 468.6
Research and development 235.9 220.8 198.0
Other charges, net 29.7 14.3 24.9
Total operating expenses 873.0 796.3 691.5
Operating income 432.7 413.3 248.3
Interest and other income (expense), net (18.8) (19.7) (22.5)
Income before income taxes, equity in income of unconsolidated investees, net of tax, and noncontrolling interests in consolidated subsidiaries 413.9 393.6 225.8
Income tax provision 116.4 113.0 64.4
Equity in income of unconsolidated investees, net of tax 1.0 0.0 0.0
Consolidated net income 298.5 280.6 161.4
Net income attributable to noncontrolling interests in consolidated subsidiaries 1.9 3.5 3.6
Net income attributable to Bruker Corporation $ 296.6 $ 277.1 $ 157.8
Net income per common share attributable to Bruker Corporation shareholders:      
Basic (in dollars per share) $ 2.00 $ 1.83 $ 1.03
Diluted (in dollars per share) $ 1.99 $ 1.81 $ 1.02
Weighted average common shares outstanding:      
Basic (in shares) 148.6 151.4 153.4
Diluted (in shares) 149.4 152.9 154.6
Consolidated net income $ 298.5 $ 280.6 $ 161.4
Foreign currency translation adjustments (net of tax of $1.4, $2.1 million and $1.2, respectively) (67.4) (77.8) 97.4
Derivatives designated as hedging instruments (net of tax of ($13.8) , $12.5 , respectively) 44.2 51.4 (75.8)
Pension liability adjustments (net of tax of ($11.8) , ($3.9) and ($1.7) , respectively) 45.0 14.5 7.5
Comprehensive income 320.3 268.7 190.5
Less: Comprehensive income attributable to noncontrolling interests 1.6 1.0 4.0
Less: Comprehensive loss attributable to redeemable noncontrolling interest (0.9) (0.1) (0.5)
Comprehensive income attributable to Bruker Corporation 319.6 267.8 187.0
Product      
Total revenue 2,109.9 2,017.3 1,638.1
Total cost of revenue 984.0 979.3 840.2
Service      
Total revenue 414.6 393.2 343.4
Total cost of revenue 240.8 228.2 206.5
Other      
Total revenue 6.2 7.4 6.0
Total cost of revenue $ 0.2 $ 0.8 $ 1.0