CAMBIUM LEARNING GROUP, INC. ABCD Income Statement

Cambium learning group, inc. (ABCD)

Income statement / TTM

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net revenues
160,666	159,455	158,821	158,184	157,342	155,932	154,654	152,358	150,527	148,753	147,123	144,920	142,544	143,349	142,138	141,747	141,815	143,628	150,171	150,520	151,489	154,490	152,133	148,559	145,708	152,656	169,418	172,258	197,399	192,394	0	0	0
Cost of revenues:
Cost of revenues
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Amortization expense
17,021	17,497	17,782	17,968	18,331	18,435	18,582	18,142	17,563	17,217	17,017	17,370	17,769	18,030	18,193	18,270	18,052	18,049	17,892	17,519	17,412	19,755	22,053	24,716	27,359	27,286	27,551	27,799	27,520	27,803	0	0	0
Total cost of revenues
44,161	44,764	45,226	45,534	46,166	47,218	47,882	48,264	48,225	48,123	48,468	48,700	49,940	52,126	53,942	56,144	57,726	59,628	62,188	64,207	65,538	69,205	73,253	75,679	75,257	77,228	80,915	80,964	90,645	89,827	0	0	0
Research and development expense
15,585	14,878	14,279	13,651	13,169	13,118	12,843	12,865	12,537	12,171	11,567	10,924	10,828	10,638	10,821	11,091	10,555	10,296	10,226	9,810	9,646	9,782	9,906	10,907	11,446	11,023	10,886	9,933	9,636	10,000	0	0	0
Sales and marketing expense
49,402	49,890	49,363	49,470	48,800	48,181	47,837	47,238	47,552	47,122	45,755	44,088	42,596	41,889	41,493	41,431	40,922	40,850	42,482	42,233	44,090	44,478	44,804	46,367	45,421	45,907	46,740	45,747	47,560	46,919	0	0	0
General and administrative expense
22,758	22,253	21,018	20,620	20,326	20,741	20,943	21,062	20,537	19,785	19,885	20,098	20,218	20,137	19,392	19,357	19,222	19,305	19,728	21,341	22,579	22,294	22,475	21,427	22,963	22,921	23,389	23,456	21,744	22,554	0	0	0
Shipping and handling costs
728	819	828	825	879	845	871	912	937	1,014	1,041	1,056	1,082	1,291	1,447	1,469	1,569	1,624	1,619	1,722	1,768	2,251	2,806	2,834	2,749	2,389	2,252	2,259	3,117	3,441	0	0	0
Depreciation and amortization expense
2,933	2,882	2,833	2,797	2,854	3,059	3,246	3,406	3,446	3,572	3,716	3,868	4,053	4,102	4,138	4,209	4,382	4,559	4,743	4,895	5,003	5,368	5,739	6,182	6,724	6,990	7,147	7,224	7,427	7,929	0	0	0
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-
Embezzlement-related expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	516	-192	-741	-745	-3,096	-2,431	-2,364	0	0	0
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,707	0	0	0	-	0	0	-	-	-
Total costs and expenses
139,892	139,811	137,872	137,222	132,194	133,162	133,622	133,747	133,234	131,787	130,432	128,734	128,717	130,183	131,233	133,701	136,603	138,492	143,331	146,553	231,359	236,839	257,393	264,512	220,033	221,146	210,993	204,105	177,698	178,306	0	0	0
Income before interest and income taxes
20,774	19,644	20,949	20,962	25,148	22,770	21,032	18,611	17,293	16,966	16,691	16,186	13,827	13,166	10,905	8,046	5,212	5,136	6,840	3,967	-79,870	-82,349	-105,260	-115,953	-74,325	-68,490	-41,575	-31,847	19,701	14,088	0	0	0
Net interest expense
-3,665	-4,039	-4,448	-4,845	-5,426	-6,031	-6,653	-7,190	-8,704	-10,403	-12,071	-13,981	-14,999	-15,801	-16,595	-17,659	-18,326	-18,722	-18,981	-18,819	-18,679	-18,534	-18,482	-18,683	-18,226	-18,548	-18,803	-18,431	-18,715	-18,379	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-922	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
0	0	0	-	0	0	0	-	-	-	-	679	894	1,225	1,180	1,180	1,084	764	760	764	1,534	1,482	1,308	1,125	719	556	521	848	636	551	0	0	0
Income before income taxes
16,986	15,477	16,146	15,757	18,699	15,824	13,573	10,723	4,573	2,751	1,068	-1,132	-630	-1,762	-5,219	-9,355	-12,600	-13,392	-11,594	-14,088	-97,015	-99,401	-122,434	-133,511	-91,832	-86,482	-59,857	-49,430	1,622	-3,740	0	0	0
Income tax expense
-26,189	-28,298	-28,986	-29,298	960	734	511	293	-118	-78	-3	193	971	810	647	600	14	89	168	165	311	288	163	272	-301	-250	91	11	562	441	0	0	0
Net income
43,175	43,775	45,132	45,055	17,739	15,090	13,062	10,430	4,691	2,829	1,071	-1,325	-1,601	-2,572	-5,866	-9,955	-12,614	-13,481	-11,762	-14,253	-97,326	-99,689	-122,597	-133,783	-91,531	-86,232	-59,948	-49,441	1,060	-4,181	0	0	0
Other comprehensive income:
Amortization of net pension loss
122	109	97	91	106	121	135	149	167	185	204	223	189	155	120	86	95	103	112	120	133	112	74	35	0	0	0	-	0	0	-	-	-
Realized loss on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Comprehensive income
43,042	43,629	44,974	44,891	18,535	15,901	13,887	11,269	5,783	3,939	2,200	-177	-3,342	-4,347	-7,676	-11,799	-12,135	-12,994	-11,266	-13,749	-98,206	-100,591	-123,521	-134,728	-92,436	-87,145	-60,869	-50,371	0	0	0	-	-
Net income per common share:
Basic (in USD per share)
0.12	0.09	0.06	0.65	0.14	0.13	0.05	0.07	0.08	0.08	0.00	-0.06	0.04	0.04	-0.05	-0.07	0.02	-0.03	-0.14	-0.12	0.00	0.01	-0.19	-1.80	-0.05	-0.45	-0.41	-1.01	0.07	0.09	-0.22	0.09	-0.05
Diluted (in USD per share)
0.12	0.09	0.05	0.64	0.14	0.12	0.05	0.06	0.08	0.08	0.00	-0.06	0.04	0.04	-0.05	-0.07	0.02	-0.03	-0.14	-0.12	0.00	0.01	-0.19	-1.80	-0.05	-0.45	-0.41	-1.01	0.07	0.09	-0.22	0.09	-0.05
Average number of common shares and equivalents outstanding:
Basic (shares)
47,273	47,172	46,898	46,718	46,460	46,283	46,203	46,072	45,869	45,764	45,739	45,661	45,562	45,498	45,479	45,554	45,664	45,641	45,685	45,843	47,563	47,357	47,397	48,408	49,284	49,941	49,947	49,862	46,743	43,610	44,353	44,324	44
Diluted (shares)
48,503	48,385	48,067	47,832	47,629	47,476	47,439	48,728	47,285	47,116	45,739	42,920	47,103	46,698	45,479	45,465	45,753	45,641	45,685	45,469	47,657	47,637	47,397	48,408	49,284	49,941	49,947	48,654	47,130	44,431	44,353	44,395	44