XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenue $ 511.4 $ 521.1 $ 1,360.0 $ 1,472.7
Total cost of revenue 263.1 267.2 733.2 773.7
Gross profit 248.3 253.9 626.8 699.0
Operating expenses:        
Selling, general and administrative 114.6 125.3 338.2 369.9
Research and development 48.3 46.1 140.9 141.0
Other charges (gain), net 4.2 (5.3) 12.2 4.9
Total operating expenses 167.1 166.1 491.3 515.8
Operating income 81.2 87.8 135.5 183.2
Interest and other income (expense), net (5.9) (4.6) (15.4) (14.0)
Income before income taxes and noncontrolling interest in consolidated subsidiaries 75.3 83.2 120.1 169.2
Income tax provision 20.0 21.7 30.0 40.0
Consolidated net income 55.3 61.5 90.1 129.2
Net income attributable to noncontrolling interests in consolidated subsidiaries 1.0 0.2 1.2 0.6
Net income attributable to Bruker Corporation $ 54.3 $ 61.3 $ 88.9 $ 128.6
Net income per common share attributable to Bruker Corporation shareholders:        
Basic (in dollars per share) $ 0.35 $ 0.40 $ 0.58 $ 0.83
Diluted (in dollars per share) $ 0.35 $ 0.39 $ 0.57 $ 0.82
Weighted average common shares outstanding:        
Basic (in shares) 153.2 154.2 153.7 155.7
Diluted (in shares) 154.3 155.6 154.8 157.0
Comprehensive income $ 64.0 $ 26.1 $ 110.1 $ 92.0
Less: Comprehensive income attributable to noncontrolling interests 1.4 0.2 1.5 1.0
Less: Comprehensive income (loss) attributable to redeemable noncontrolling interest   (1.2) (0.5) (1.8)
Comprehensive income attributable to Bruker Corporation 62.6 27.1 109.1 92.8
Product        
Total revenue 419.6 440.6 1,111.6 1,235.3
Total cost of revenue 210.3 220.4 584.1 627.9
Service        
Total revenue 90.0 78.8 244.3 234.8
Total cost of revenue 52.6 46.5 148.4 145.3
Other        
Total revenue 1.8 1.7 4.1 2.6
Total cost of revenue $ 0.2 $ 0.3 $ 0.7 $ 0.5