← Dolby Laboratories, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.0b | $1.1b | $1.2b | $1.2b | $1.2b | $1.3b | $1.3b | $1.3b | $1.3b | $1.3b | |
| Cost of Goods and Services Sold | $109.0m | $118.3m | $128.3m | $160.9m | $146.5m | $130.0m | $141.4m | $152.6m | $140.5m | $160.1m | |
| Gross Profit | $916.8m | $963.1m | $1.0b | $1.1b | $1.0b | $1.2b | $1.1b | $1.1b | $1.1b | $1.2b | |
| Operating Expenses | $685.0m | $714.5m | $743.7m | $823.7m | $796.6m | $806.8m | $905.8m | $931.4m | $874.9m | $924.0m | |
| Operating Income (Loss) | $231.8m | $248.6m | $300.0m | $257.1m | $218.7m | $344.4m | $206.6m | $215.8m | $258.3m | $265.0m | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | $5.0m | $5.1m | $14.2m | — | |
| Amortization of Intangible Assets | $33.2m | $30.9m | $26.5m | $29.7m | $29.5m | $29.5m | $29.0m | $28.6m | $33.2m | $45.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $37.2m | $28.2m | $75.7m | $60.5m | $32.4m | $104.7m | $33.3m | $44.1m | $89.5m | $102.9m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $354.5m | $215.3m | $250.1m | $312.5m | $303.5m | |
| Net Income (Loss) Attributable to Parent | $185.9m | $201.8m | $122.2m | $255.2m | $231.4m | $310.2m | $184.1m | $200.7m | $261.8m | $255.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $542k | $625k | $559k | $354k | $256k | $7.6m | ($189k) | — | — | — | |
| Earnings Per Share, Basic | $1.85 | $1.98 | $1.18 | $2.51 | $2.30 | $3.07 | $1.84 | $2.10 | $2.74 | $2.66 | |
| Earnings Per Share, Diluted | $1.81 | $1.95 | $1.14 | $2.44 | $2.25 | $2.97 | $1.81 | $2.05 | $2.69 | $2.62 | |
| Common Stock, Dividends, Per Share, Declared | $0.50 | $0.58 | $0.67 | $0.79 | $0.88 | $0.91 | $1.02 | $1.11 | $1.23 | $1.32 | |
| Weighted Average Number of Shares Outstanding, Basic | 100.7m | 101.8m | 103.4m | 101.6m | 100.6m | 101.2m | 100.0m | 95.8m | 95.5m | 95.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 102.4m | 103.3m | 107.0m | 104.6m | 102.9m | 104.6m | 102.0m | 97.7m | 97.3m | 97.5m | |
| General and Administrative Expense | $168.9m | $171.7m | $197.5m | $205.4m | $219.8m | $224.2m | $275.3m | $258.5m | $270.4m | $286.5m | |
| Other Nonoperating Income (Expense) | ($1.4m) | ($1.4m) | ($5.9m) | $481k | $8.4m | $7.1m | $2.5m | $6.2m | $20.1m | $23.1m | |
| Current Income Tax Expense (Benefit) | $72.2m | $86.9m | $100.3m | $78.9m | $13.4m | $73.7m | $60.8m | $66.7m | $69.8m | $42.0m | |
| Interest Expense | $125k | $127k | $198k | $170k | $186k | $479k | $394k | — | — | — | |
| Research and Development Expense | $219.6m | $233.3m | $236.8m | $237.9m | $239.0m | $253.6m | $261.2m | $271.5m | $263.7m | $261.8m | |
| Selling and Marketing Expense | $295.3m | $296.7m | $309.8m | $343.8m | $335.9m | $332.7m | $358.7m | $354.4m | $334.5m | $360.7m | |
| Income Tax Expense (Benefit) | $49.5m | $54.2m | $190.1m | $26.8m | $8.1m | $36.7m | $31.4m | $48.4m | $48.2m | $47.0m | |
| Interest Income (Expense), Net | — | — | — | — | — | — | — | $28.1m | $34.1m | $15.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.