Avid Technology, Inc. AVID Income Statement

Avid technology, inc. (AVID)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net revenues:
Revenues
411,788	413,282	419,003	-	-	-	-	-	-	-	-
Products
-	-	-	283,110	336,371	378,627	395,531	478,830	546,371	559,907	509,215
Services
-	-	-	228,820	169,224	151,624	167,881	156,873	131,565	118,615	119,755
Total net revenues
-	-	-	511,930	505,595	530,251	563,412	635,703	677,936	678,522	628,970
Cost of revenues:
Cost of revenues
-	55,560	56,481	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	7,800	7,800	-	-	-	-	-	-	-	-
Products
-	-	-	111,579	131,881	143,765	159,264	182,764	255,735	267,985	243,362
Services
-	-	-	59,828	61,501	60,656	63,177	63,670	62,482	56,490	59,754
Amortization of intangible assets
-	-	-	7,800	4,063	50	1,468	2,574	2,693	3,299	2,033
Restructuring costs
-	-	-	-	-	-	-	-	0	0	799
Total cost of revenues
162,713	174,118	176,887	179,207	197,445	204,471	223,909	249,008	320,910	327,774	305,948
Gross profit
249,075	239,164	242,116	332,723	308,150	325,780	339,503	386,695	357,026	350,748	323,022
Operating expenses:
Research and development
62,343	62,379	68,212	81,564	95,898	90,390	95,249	98,879	118,108	120,229	120,989
Marketing and selling
99,944	101,273	106,257	110,338	122,511	133,049	133,890	153,481	183,865	177,178	173,601
General and administrative
53,362	55,230	53,892	61,471	74,109	81,181	77,578	52,066	57,851	64,345	61,087
Amortization of intangible assets
694	1,450	1,450	2,498	2,354	1,626	2,648	4,254	8,528	9,743	10,511
Restructuring Charges
629	5,148	7,059	12,837	6,305	-165	5,370	24,838	8,858	20,450	26,873
Loss (gain) on sales of assets
-	-	-	-	-	-	-	-	-597	5,029	155
Total operating expenses
216,972	225,480	236,870	268,708	301,177	306,081	314,735	333,518	377,807	386,916	392,906
Operating income (loss)
32,103	13,684	5,246	64,015	6,973	19,699	24,768	53,177	-20,781	-36,168	-69,884
Interest income
36	195	535	0	113	126	555	210	144	173	848
Interest Expense
26,712	23,474	19,964	18,903	6,346	1,771	1,574	1,548	2,053	864	906
Other expense, net
-2,902	192	761	232	-175	-1,138	343	-703	-159	301	-65
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
2,525	-9,403	-13,422	45,344	565	16,916	24,092	-	-	-	-
Income (loss) before income taxes
-	-	-	-	-	-	-	51,136	-22,849	-36,558	-70,007
Provision for (benefit from) income taxes
-5,076	1,271	133	-2,875	-1,915	2,188	2,939	4,049	942	396	-1,652
Income from continuing operations, net of tax
-	-	-	-	-	-	-	47,087	-	-	-
Gain on divestiture of consumer business
-	-	-	-	-	-	-	37,972	-	-	-
Income from divested operations
-	-	-	-	-	-	-	7,832	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	45,804	-	-	-
Net Income (Loss) Attributable to Parent
7,601	-10,674	-13,555	48,219	2,480	14,728	21,153	92,891	-23,791	-36,954	-68,355
Net income (loss) per common share – basic and diluted
-	-	-	-	-	0.38	0.54	-	-0.62	-0.98	-1.83
Income per share from continuing operations, net of tax - basic and diluted
-	-	-	-	-	-	-	1.21	-	-	-
Income per share from discontinued operations basic and diluted
-	-	-	-	-	-	-	1.18	-	-	-
Earnings Per Share, Basic
0.18	-0.26	-0.33	1.20	0.06	-	-	2.39	-	-	-
Income per share from discontinued operations diluted
-	-	-	-	-	-	-	1.18	-	-	-
Net income (loss) per common share – diluted
0.17	-0.26	-0.33	-	-	-	-	2.39	-	-	-
Income per share from continuing operations, net of tax diluted
-	-	-	-	-	-	-	1.21	-	-	-
Weighted-average common shares outstanding – basic
42,649	41,662	41,020	40,021	39,423	39,147	39,044	38,804	-	-	-
Weighted-average common shares outstanding – diluted
43,495	41,662	41,020	40,176	40,380	39,267	39,070	38,836	-	-	-
Product [Member]
Revenues
207,445	205,107	209,461	-	-	-	-	-	-	-	-
Cost of revenues
109,799	110,758	112,606	-	-	-	-	-	-	-	-
Service [Member]
Revenues
204,343	208,175	209,542	-	-	-	-	-	-	-	-
Cost of revenues
49,176	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets [Member]
Amortization of intangible assets
3,738	-	-	-	-	-	-	-	-	-	-