XML 78 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME      
Product revenue $ 1,611.4 $ 1,556.5 $ 1,445.6
Service revenue 219.3 210.0 194.8
Other revenue 8.7 24.9 11.3
Total revenue 1,839.4 1,791.4 1,651.7
Cost of product revenue 891.7 837.2 792.5
Cost of service revenue 142.5 124.8 106.7
Total cost of revenue 1,034.2 962.0 899.2
Gross profit 805.2 829.4 752.5
Operating expenses:      
Selling, general and administrative 437.9 440.4 406.6
Research and development 190.5 195.3 177.2
Impairment of assets   23.8  
Write-off of deferred offering costs     3.4
Other charges, net 28.6 13.9 9.7
Total operating expenses 657.0 673.4 596.9
Operating income 148.2 156.0 155.6
Interest and other income (expense), net (23.6) (17.7) (10.1)
Income before income taxes and noncontrolling interest in consolidated subsidiaries 124.6 138.3 145.5
Income tax provision 42.8 60.1 51.5
Consolidated net income 81.8 78.2 94.0
Net income attributable to noncontrolling interest in consolidated subsidiaries 1.7 0.7 1.7
Net income attributable to Bruker Corporation 80.1 77.5 92.3
Net income per common share attributable to Bruker Corporation shareholders:      
Basic (in dollars per share) $ 0.48 $ 0.47 $ 0.56
Diluted (in dollars per share) $ 0.48 $ 0.46 $ 0.55
Weighted average common shares outstanding:      
Basic (in shares) 166.5 166.0 165.4
Diluted (in shares) 168.5 167.4 166.9
Consolidated net income 81.8 78.2 94.0
Foreign currency translation adjustments 27.3 8.8 (14.7)
Changes in hedging instruments   1.1 1.9
Pension liability adjustments (net of tax of $4.6 million, $3.7 million and $0.6 million, respectively) 17.3 (15.0) 2.9
Net comprehensive income 126.4 73.1 84.1
Less: Comprehensive income attributable to noncontrolling interests 1.7 0.3 1.7
Comprehensive income attributable to Bruker Corporation $ 124.7 $ 72.8 $ 82.4