Financial table summarization

Key Insights from Consolidated Statements of Income (2020-2022):

1. Revenue Growth: The company experienced significant revenue growth from 2020 to 2022, increasing from $182.53 million to$282.84 million.
2. Profitability Increase: Net income has consistently grown over the period, rising from $40.27 million in 2020 to$59.97 million in 2022.
3. Expense Growth: While revenues increased significantly, costs and expenses also rose, suggesting a need to manage expenses effectively to maintain profitability.
4. Fluctuating Other Income: The "Other income (expense), net" line shows considerable volatility, indicating potential non-core business activity impacting profitability.
5. Earnings Per Share: The company consistently demonstrated positive earnings per share growth, reflecting strong financial performance and shareholder value creation.

Here are the key highlights from the financial statements provided for the years 2020 to 2022:

1. Revenues have shown strong growth, increasing from $182,527 million in 2020 to$282,836 million in 2022, a 55% increase over the 3-year period.

2. Cost of revenues has also increased substantially, rising from $84,732 million in 2020 to$126,203 million in 2022, a 49% increase.

3. Research and development expenses have increased by 43% over the 3-year period, from $27,573 million in 2020 to$39,500 million in 2022.

4. Income from operations has increased significantly, from $41,224 million in 2020 to$74,842 million in 2022, a 82% increase.

5. Net income has fluctuated, declining from $40,269 million in 2020 to$59,972 million in 2022, after reaching a peak of $76,033 million in 2021.

Overall, the financial statements indicate strong revenue growth and increased profitability, despite some fluctuations in net income over the 3-year period.

1. Revenues Growth: The company experienced a substantial increase in revenues over the three-year period, with revenues rising from $182,527 million in 2020 to$282,836 million in 2022, marking a compound annual growth rate.

2. Expense Trends: Total costs and expenses increased consistently each year, from $141,303 million in 2020 to$207,994 million in 2022. Notably, the cost of revenues and research and development experienced significant increases, highlighting growing operational and innovation investments.

3. Income and Profitability Fluctuations: Income from operations peaked in 2021 at $78,714 million but declined to$74,842 million in 2022. Net income also demonstrated volatility, peaking at $76,033 million in 2021 before decreasing to$59,972 million in 2022.

4. Other Income/Expense Variability: The other income (expense) category varied notably across the three years, from $6,858 million in 2020 to a negative figure of$(3,514) million in 2022, which impacted overall income before tax.

5. Earnings Per Share: Basic and diluted net income per share showed similar trends, with both peaking in 2021 before declining in 2022. The basic net income per share was $5.69 in 2021, dropping to$4.59 in 2022, reflecting the changes in net income over the period.

Based on the Consolidated Statements of Income, the following key highlights are noted:

1. Revenue growth: The company experienced a significant increase in revenue, from $182,527 million in 2020 to$282,836 million in 2022, representing a 55% growth over the two-year period.
2. Operating income volatility: Despite revenue growth, income from operations decreased by $3,872 million from 2021 to 2022, indicating a 4.9% decline. This volatility suggests potential challenges in maintaining profitability.
3. Net income fluctuations: Net income increased from $40,269 million in 2020 to$76,033 million in 2021, but then decreased to $59,972 million in 2022. This fluctuation may indicate margin pressure or one-time events affecting profitability.
4. Earnings per share (EPS) decline: Both basic and diluted net income per share declined from 2021 to 2022, with basic EPS decreasing from $5.69 to$4.59 and diluted EPS decreasing from $5.61 to$4.56.
5. Decrease in other income: Other income (expense), net, turned from a positive $6,858 million in 2020 and$12,020 million in 2021 to a negative $3,514 million in 2022, indicating potential changes in investment income, foreign exchange, or other non-operating items.

1. Revenue growth: The company's revenues have consistently grown from $182,527 million in 2020 to$282,836 million in 2022, representing a compound annual growth rate (CAGR) of 15.6%.
2. Increasing costs and expenses: The company's costs and expenses have also increased over the same period, with total costs and expenses growing from $141,303 million in 2020 to$207,994 million in 2022, representing a CAGR of 14.8%.
3. Operating income: Despite the increase in costs and expenses, the company's operating income has remained relatively stable, with income from operations of $41,224 million in 2020 and$74,842 million in 2022.
4. Net income growth: The company's net income has grown from $40,269 million in 2020 to$59,972 million in 2022, representing a CAGR of 12.3%.
5. Earnings per share (EPS): The company's basic and diluted EPS have also grown over the same period, with basic EPS increasing from $2.96 in 2020 to$4.59 in 2022, and diluted EPS increasing from $2.93 in 2020 to$4.56 in 2022. However, it's worth noting that the company's net income growth rate has been lower than its revenue growth rate, which may indicate increasing costs and expenses as a percentage of revenue.