Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income

v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales      
Products $ 414,853 $ 179,762 $ 127,476
Services 69,550 35,482 28,418
Total net sales 484,403 215,244 155,894
Cost of sales      
Products 213,427 86,742 61,545
Services 44,803 18,591 11,945
Total cost of sales 258,230 105,333 73,490
Gross profit 226,173 109,911 82,404
Operating expenses      
Research and development, net 52,310 19,659 14,360
Selling, general and administrative 202,040 73,130 39,038
Change in fair value of earn-out obligations 754      
Total operating expenses 255,104 92,789 53,398
Operating income (loss) (28,931) 17,122 29,006
Other income (expense) (450) 1,388 2,346
Income (loss) before income taxes (29,381) 18,510 31,352
Income taxes (benefit) (2,474) 9,687 10,726
Net income (loss) (26,907) 8,823 20,626
Net income attributable to non-controlling interest 47 332   
Net income (loss) attributable to Stratasys Ltd. (26,954) 8,491 20,626
Net income (loss) per ordinary share attributable to Stratasys Ltd.      
Basic $ (0.64) $ 0.37 $ 0.98
Diluted $ (0.68) $ 0.36 $ 0.95
Weighted average ordinary shares outstanding      
Basic 42,079 22,812 21,133
Diluted 42,099 23,776 21,653
Comprehensive Income      
Net income (loss) (26,907) 8,823 20,626
Other comprehensive income (loss):      
Unrealized loss on securities, net of tax    (167)   
Foreign currency translation adjustment 2,036 (71) 47
Fair value adjustment on derivatives designated as cash flow hedges, net of tax 153      
Other comprehensive income (loss), net of tax 2,189 (238) 47
Comprehensive income (loss) (24,718) 8,585 20,673
Less: comprehensive income attributable to non-controlling interest 90 233   
Comprehensive income (loss) attributable to Stratasys Ltd. $ (24,808) $ 8,352 $ 20,673