Athenahealth inc (ATHN)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Business services

-

-

-

321,300

-

-

-

278,900

267,100

254,100

247,500

247,900

225,000

215,400

197,800

201,072

179,711

175,949

154,502

162,529

141,326

137,919

121,463

112,581

102,256

100,110

93,549

89,293

80,640

75,349

67,486

67,094

61,087

56,399

52,565

47,405

45,648

Business services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,609

44,429

Implementation and other

-

-

-

7,900

-

-

-

9,300

9,600

7,800

8,600

9,600

11,100

9,300

8,600

12,142

10,717

9,973

8,533

9,050

10,201

8,382

4,133

3,723

3,630

3,405

3,017

3,219

3,100

2,536

2,444

2,272

2,056

2,153

1,912

1,796

1,219

Revenue

329,500

323,300

329,400

329,200

304,600

301,100

285,400

288,200

276,700

261,900

256,100

257,500

236,100

224,700

206,400

213,214

190,428

185,922

163,035

171,579

151,527

146,301

125,596

116,304

105,886

103,515

96,566

92,512

83,740

77,885

69,930

69,366

63,143

58,552

54,477

-

-

Cost of revenue

154,400

152,000

154,000

146,300

144,000

143,800

144,400

133,500

134,700

132,900

132,400

123,700

120,300

112,500

105,700

76,274

79,343

74,774

72,148

62,852

63,245

59,390

53,185

45,208

41,866

41,014

38,798

34,810

31,695

29,020

27,270

24,419

24,543

24,101

23,519

19,942

19,397

Gross profit

175,100

171,300

175,400

182,900

160,600

157,300

141,000

154,700

142,000

129,000

123,700

133,800

115,800

112,200

100,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses:
Selling and marketing

47,600

48,900

49,700

59,700

61,800

65,000

65,700

67,100

61,500

68,200

59,800

68,200

57,800

56,100

55,200

50,533

45,206

50,722

43,227

37,947

37,584

41,035

32,922

27,580

25,603

27,389

23,728

23,235

20,784

18,815

16,941

14,689

13,233

12,693

12,060

8,963

8,888

Research and development

50,900

48,400

48,200

43,600

44,800

42,400

42,800

44,400

31,000

28,800

30,300

28,400

26,700

28,400

27,500

19,802

18,087

16,417

15,155

16,322

15,104

14,269

11,944

9,263

8,746

8,615

7,168

6,957

6,141

5,166

5,079

4,905

4,645

4,824

4,074

3,748

3,439

General and administrative

38,400

30,900

35,400

40,900

35,400

37,700

31,400

30,800

34,300

33,300

33,300

30,500

28,100

29,900

29,800

33,592

31,800

30,443

29,357

22,339

21,690

24,670

31,077

14,952

11,913

13,961

16,199

13,405

11,869

11,718

11,719

9,649

10,390

11,403

11,677

9,732

8,394

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,071

17,258

15,186

14,249

12,864

11,263

11,107

8,341

7,677

6,683

5,795

5,486

4,826

4,749

3,737

3,398

3,171

2,869

2,657

2,420

2,098

1,798

Total other operating expenses

136,900

128,200

133,300

144,200

142,000

145,100

139,900

142,300

126,800

130,300

123,400

127,100

112,600

114,400

112,500

198,272

191,694

187,542

174,136

152,324

148,886

150,471

137,469

104,680

94,811

96,774

91,379

83,233

75,238

68,456

64,407

56,833

55,680

55,678

53,750

44,483

41,916

Operating income

38,200

43,100

42,100

38,700

18,600

12,200

1,100

12,400

15,200

-1,300

300

6,700

3,200

-2,200

-11,800

14,942

-1,266

-1,620

-11,101

19,255

2,641

-4,170

-11,873

11,624

11,075

6,741

5,187

9,279

8,502

9,429

5,523

12,533

7,463

2,874

727

2,922

3,732

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90

75

66

78

216

320

Interest expense

-

-

-

-

-

-

-

-

-

-

-

1,600

1,600

1,500

1,000

911

1,244

1,275

1,265

1,319

1,421

1,001

164

-

-

-

-

-

-

-

-

316

102

118

217

270

283

Other (expense) income

-

-

-

-

-

-

-

-

-

-

-

0

7,600

21,100

0

27

26

-6

-171

136

30

63

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) gain on interest rate derivative contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

276

-111

-304

-60

-125

308

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

33

33

30

96

79

Other expense

-1,800

-2,400

-2,600

-2,400

-1,400

-1,700

-1,200

-900

-1,400

-1,500

-1,800

-1,600

6,000

19,600

-1,000

-884

-1,218

-1,281

-1,436

-1,183

-1,391

-938

-110

17

88

12

134

49

142

-77

33

100

-105

-323

-169

-83

424

Income before income tax provision

36,400

40,700

39,500

36,300

17,200

10,500

-100

11,500

13,800

-2,800

-1,500

5,100

9,200

17,400

-12,800

14,058

-2,484

-2,901

-12,537

18,072

1,250

-5,108

-11,983

11,641

11,163

6,753

5,321

9,328

8,644

9,352

5,556

12,633

7,358

2,551

558

2,839

4,156

Income tax provision

10,000

4,300

8,400

4,700

4,200

600

1,300

1,700

-100

-900

-700

-2,600

3,400

8,100

-4,000

5,329

-853

-739

-4,482

4,927

80

7,313

-12,683

5,701

4,953

2,599

2,893

3,999

3,364

4,166

2,305

5,330

3,532

1,253

281

1,673

1,912

Net income

26,400

36,400

31,100

31,600

13,000

9,900

-1,400

9,800

13,900

-1,900

-800

7,700

5,800

9,300

-8,800

8,729

-1,631

-2,162

-8,055

13,145

1,170

-12,421

700

5,940

6,210

4,154

2,428

5,329

5,280

5,186

3,251

7,303

3,826

1,298

277

1,166

2,244

Foreign currency translation adjustment

-700

-500

-300

-

-100

0

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income

25,700

35,900

30,800

-

12,900

9,900

-1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per share - Basic (in dollars per share)

0.65

0.90

0.77

0.79

0.33

0.25

-0.03

0.25

0.35

-0.05

-0.02

0.20

0.15

0.24

-0.23

0.23

-0.04

-0.06

-0.21

0.35

0.03

-0.34

0.02

0.16

0.17

0.12

0.07

0.15

0.15

0.15

0.09

0.21

0.11

0.04

0.01

0.03

0.07

Net income per share - Diluted (in dollars per share)

0.64

0.89

0.76

0.78

0.32

0.24

-0.03

0.24

0.35

-0.05

-0.02

0.19

0.15

0.24

-0.23

0.22

-0.04

-0.06

-0.21

0.34

0.03

-0.34

0.02

0.16

0.17

0.11

0.07

0.15

0.15

0.14

0.09

0.21

0.11

0.04

0.01

0.03

0.06

Weighted average shares used in computing net income per share:
Basic (in shares)

40,500

40,500

40,200

40,000

39,900

39,900

39,600

39,500

39,400

39,300

39,000

38,900

38,700

38,600

38,300

38,097

37,999

37,860

37,484

37,262

36,970

36,760

36,409

36,264

35,832

35,685

35,535

35

35

34

34

34,419

34,174

34,106

34,014

33,610

33,527

Diluted (in shares)

41,200

41,100

41,000

40,700

40,700

40,500

39,600

40,100

40,000

39,300

39,000

39,800

39,500

39,300

38,300

39,040

37,999

37,860

37,484

38,645

38,343

36,760

37,744

37,420

37,212

36,906

36,996

36

36

35

35

35,278

35,156

35,019

35,201

34,900

34,822