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

Consolidated Statements of Operations and Comprehensive Income

v2.4.0.6
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net sales      
Products $ 179,762 $ 127,476 $ 97,467
Services 35,482 28,418 25,365
Fair value of warrant related to OEM agreement 0 0 (4,988)
Revenue, Net 215,244 155,894 117,844
Cost of sales      
Products 86,742 61,545 50,359
Services 18,591 11,945 11,399
Cost of Goods and Services Sold, Total 105,333 73,490 61,758
Gross profit 109,911 82,404 56,086
Operating expenses      
Research and development, net 19,659 14,360 9,755
Selling, general and administrative 73,130 39,038 32,863
Operating Expenses, Total 92,789 53,398 42,618
Operating income 17,122 29,006 13,468
Other income 1,388 2,346 368
Income before income taxes 18,510 31,352 13,836
Income taxes 9,687 10,726 4,466
Net income 8,823 20,626 9,370
Net income attributable to non-controlling interest 332 0 0
Net income attributable to Stratasys Ltd. 8,491 20,626 9,370
Net income per ordinary share attributable to Stratasys Ltd.      
Basic (in dollars per shares) $ 0.37 $ 0.98 $ 0.46
Diluted (in dollars per share) $ 0.36 $ 0.95 $ 0.44
Weighted average ordinary shares outstanding      
Basic 22,812 21,133 20,579
Diluted 23,776 21,653 21,130
Comprehensive Income      
Net income 8,823 20,626 9,370
Other comprehensive income (loss):      
Unrealized gain (loss) on securities, net of tax (167) 0 101
Foreign currency translation adjustment (71) 47 (229)
Other comprehensive income (loss), net of tax (238) 47 (128)
Comprehensive income 8,585 20,673 9,242
Less: comprehensive income attributable to non-controlling interest 233 0 0
Comprehensive income attributable to Stratasys Ltd. $ 8,352 $ 20,673 $ 9,242