INSULET CORP
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
PODD$148.06-1.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Unaudited) for the
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in millions, except share and per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $341.2 | $287.3 | $671.1 | $548.6 |
| Revenue from related party | 147.3 | 109.2 | 259.1 | 206.0 |
| Total revenue | 488.5 | 396.5 | 930.2 | 754.6 |
| Cost of revenue | 157.6 | 131.6 | 292.5 | 249.2 |
| Gross profit | 330.9 | 264.9 | 637.7 | 505.4 |
| Research and development expenses | 53.9 | 55.1 | 104.1 | 105.2 |
| Selling, general and administrative expenses | 222.4 | 178.7 | 422.1 | 341.4 |
| Operating income | 54.6 | 31.1 | 111.5 | 58.8 |
| Interest expense, net | (11.0) | (9.7) | (21.7) | (19.1) |
| Interest income | 9.3 | 7.3 | 18.7 | 13.8 |
| Other expense, net | (1.8) | (0.2) | (2.5) | (0.4) |
| Income before income taxes | 51.1 | 28.5 | 106.0 | 53.1 |
| Income tax benefit (expense) | 137.5 | (1.2) | 134.1 | (2.0) |
| Net income | $188.6 | $27.3 | $240.1 | $51.1 |
| Earnings per share: | ||||
| Basic | $2.69 | $0.39 | $3.43 | $0.73 |
| Diluted | $2.59 | $0.39 | $3.32 | $0.73 |
| Weighted-average number of common shares outstanding (in thousands): | ||||
| Basic | 70,062 | 69,741 | 70,010 | 69,662 |
| Diluted | 73,802 | 70,142 | 73,771 | 70,119 |
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