Avid technology, inc. (AVID)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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'11Sep'10Jun'10
Net revenues:
Revenues

86,453

116,306

93,461

98,701

103,319

112,684

104,046

98,615

97,937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Products

-

-

-

-

-

-

-

-

-

-

54,319

47,655

51,006

59,269

63,740

75,592

84,509

91,247

88,945

76,150

80,029

91,412

105,330

87,315

94,570

103,986

92,969

99,858

98,718

-

-

-

119,938

-

-

-

136,765

134,231

134,134

Products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89,071

125,874

-

-

131,655

129,488

-

-

-

Services

-

-

-

-

-

-

-

-

-

-

50,946

54,718

53,101

56,026

55,279

58,477

59,038

47,559

48,491

33,617

39,557

36,784

37,099

37,329

40,412

43,117

45,924

41,487

37,353

53,970

36,297

34,405

32,201

37,239

33,043

32,295

28,988

30,828

28,026

Recoveries (allowances) related to divestitures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,807

-2,848

-

-

0

0

-

-

-

Total net revenues

-

-

-

-

-

-

-

-

-

-

105,265

102,373

104,107

115,295

119,019

134,069

143,547

138,806

137,436

109,767

119,586

128,196

142,429

124,644

134,982

147,103

138,893

141,345

136,071

160,469

127,175

157,431

152,139

185,702

164,698

161,783

165,753

165,059

162,160

Cost of revenues:
Products

-

-

-

-

-

-

-

-

-

-

29,485

26,489

24,504

29,174

26,793

28,488

27,124

39,465

32,256

28,363

31,797

35,867

37,807

35,097

34,994

43,664

39,683

38,902

37,015

11,130

43,784

66,642

61,208

67,781

60,063

64,024

63,867

64,421

65,837

Services

-

-

-

-

-

-

-

-

-

-

13,472

14,181

14,094

14,702

14,885

15,832

14,409

15,447

15,416

14,943

15,695

14,681

14,981

15,323

15,671

16,137

16,372

15,392

15,276

21,521

15,107

14,325

12,717

18,136

15,586

14,706

14,054

14,194

13,139

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

1,950

1,950

1,950

1,950

1,950

1,950

1,950

1,950

1,950

163

0

0

0

0

50

158

158

501

651

646

634

644

650

658

684

685

666

745

946

Restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

528

2,633

-

-

0

0

-

-

-

Total cost of revenues

33,302

43,033

35,603

40,253

42,037

44,220

41,485

40,333

40,280

48,812

44,907

42,620

40,548

45,826

43,628

46,270

43,483

56,862

49,622

43,469

47,492

50,548

52,788

50,420

50,715

59,801

56,213

54,795

52,942

64,210

60,053

84,244

74,575

86,575

76,333

79,415

78,587

79,360

79,922

Gross profit

53,151

73,273

57,858

56,660

61,282

66,514

60,611

56,332

55,707

58,446

60,358

59,753

63,559

69,469

75,391

87,799

100,064

81,944

87,814

66,298

72,094

77,648

89,641

74,224

84,267

87,144

82,680

86,550

83,129

95,613

67,122

73,187

77,564

99,127

88,365

82,368

87,166

85,699

82,238

Operating expenses:
Research and development

15,425

16,018

14,860

15,180

16,285

14,836

15,873

15,985

15,685

16,308

16,025

16,991

18,888

18,773

19,953

21,433

21,405

24,190

25,225

23,310

23,173

23,212

22,154

22,070

22,954

24,556

23,239

23,847

23,607

22,951

23,099

26,896

27,482

28,722

28,960

30,453

29,973

28,929

30,268

Marketing and selling

25,289

26,603

22,334

26,129

24,878

23,921

23,461

27,759

26,132

25,776

25,652

29,018

25,811

21,311

27,231

30,177

31,619

30,091

31,564

32,811

28,045

34,527

31,410

34,297

32,815

34,566

31,512

33,903

33,909

35,385

36,629

43,454

45,927

47,553

45,395

45,867

45,050

43,199

44,474

General and administrative

12,744

14,816

12,034

12,722

13,788

13,574

13,660

14,041

13,955

10,624

15,193

13,644

14,431

13,112

13,822

16,818

17,719

21,463

15,834

17,425

19,387

22,222

20,644

19,984

18,331

23,135

22,715

16,131

15,597

13,462

10,542

13,905

14,638

15,114

13,518

14,219

15,000

19,698

13,879

Amortization of intangible assets

0

0

0

331

363

361

363

363

363

362

362

363

363

363

567

782

786

786

786

408

374

375

373

398

480

667

660

658

663

755

782

1,105

1,611

2,063

2,159

2,161

2,145

2,283

2,417

Restructuring Charges

145

113

229

-269

558

1,747

226

268

2,907

595

-582

6,063

983

4,959

5,314

-213

2,777

5,766

0

539

0

-

0

-165

-

2,491

688

1,918

273

126

12,674

15,841

168

7,465

2,707

162

-1,476

185

4,007

Gain (loss) on sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

-9,951

-

-

0

-597

-

-

-

Loss (gain) on sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,527

0

Total operating expenses

53,603

57,550

49,457

54,093

55,872

54,439

53,583

58,416

59,042

53,665

56,650

66,079

60,476

58,518

66,887

68,997

74,306

82,296

73,409

74,493

70,979

80,336

74,581

76,584

74,580

85,415

78,814

76,457

74,049

72,679

83,520

111,152

89,826

100,917

92,739

93,459

90,692

92,767

95,045

Operating income (loss)

-452

15,723

8,401

2,567

5,410

12,075

7,028

-2,084

-3,335

4,781

3,708

-6,326

3,083

10,951

8,504

18,802

25,758

-352

14,405

-8,195

1,115

-2,688

15,060

-2,360

9,687

1,729

3,866

10,093

9,080

22,934

-16,398

-37,965

-12,262

-1,790

-4,374

-11,091

-3,526

-7,068

-12,807

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

55

1

50

20

284

76

122

73

18

49

14

129

66

10

9

59

82

6

Interest Expense

5,283

2,718

5,519

13,290

5,185

-

-

-

-

6,499

4,701

3,918

4,846

4,854

4,707

5,159

4,183

2,590

2,469

915

372

525

458

415

373

424

441

374

335

396

404

405

343

481

556

594

422

175

252

Other expense, net

-

-5,584

-5,519

-13,290

-

-5,725

-5,725

-6,278

-5,359

-

-

-

-

-

-

-

-

784

-50

-524

-385

-1,150

2

8

2

192

2

5

4

-1,150

37

12

20

-205

43

-60

63

63

144

Income (loss) before income taxes

-5,735

-

2,882

-10,723

225

-

-

-

-

-

-993

-10,244

-1,763

-

3,797

13,643

21,575

-

11,886

-9,634

392

-

14,605

-2,717

9,336

1,921

3,503

9,846

8,822

21,784

-16,716

-38,344

-12,456

-2,410

-4,877

-11,736

-3,826

-7,098

-12,909

Provision for (benefit from) income taxes

122

-5,231

-283

0

438

447

425

144

255

459

-1,065

587

152

1,108

-5,321

703

635

2,306

768

-5,550

561

761

365

622

440

792

921

669

557

1,119

672

903

521

-2,097

2,672

-590

957

2,897

-3

Income from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,129

-

-

-

20,665

-

-

-

-

-

-

-

-

-

Income from divested operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-5,857

15,370

3,165

-10,723

-213

5,903

878

-8,506

-8,949

-881

72

-10,831

-1,915

5,221

9,118

12,940

20,940

-4,385

11,118

-4,084

-169

-5,069

14,240

-3,339

8,896

1,129

2,582

9,177

8,265

20,665

-17,388

-39,247

-12,977

-313

-7,549

-11,146

-4,783

-9,995

-12,906

Net income (loss) per common share – basic and diluted

-0.14

-

0.08

-0.25

-0.01

-

-

-

-

-

-

-

-

-

-

-

0.53

-

-

-

0.00

-

-

-0.09

0.23

-

0.07

-

0.21

-

-0.45

-1.01

-0.34

0.00

-0.20

-0.29

-0.13

-

-

Income per share from continuing operations, net of tax - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

0.53

-

-

-

-

-

-

-

-

-

Income per share from discontinued operations  basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

0.00

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic

-

0.36

0.07

-0.25

-

0.14

0.02

-0.20

-0.22

-0.02

0.00

-0.26

-0.05

-

0.23

0.33

-

-

0.28

-0.10

-

-

0.36

-

-

0.03

-

0.24

-

0.53

-

-

-

-

-

-

-

-

-

Income per share from discontinued operations  diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

0.00

-

-

-

-

-

-

-

-

-

Net income (loss) per common share – diluted

-

0.35

0.07

-0.25

-

0.14

0.02

-0.20

-0.22

-

-

-

-

-

0.23

0.33

-

-

-

-0.10

-

-

-

-

-

0.03

-

0.23

-

0.53

-

-

-

-

-

-

-

-0.26

-0.34

Income per share from continuing operations, net of tax  diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

0.53

-

-

-

-

-

-

-

-

-

Weighted-average common shares outstanding – basic

43,254

43,060

42,913

42,560

42,046

41,860

41,792

41,587

41,404

41,222

41,133

40,953

40,772

40,646

40,194

39,678

39,566

39,439

39,231

39,635

39,387

39,237

39,133

39,119

39,099

39,080

39,075

39,040

38,977

38,916

-

-

-

-

-

-

-

-

-

Weighted-average common shares outstanding – diluted

-

43,737

43,674

42,560

-

42,430

42,226

41,587

41,404

41,000

41,355

40,953

40,772

40,854

40,476

39,734

39,640

42,748

39,750

39,635

39,387

39,626

39,201

39,119

39,122

39,111

39,076

39,069

39,034

38,937

-

-

-

-

-

-

-

38,045

37,909

Product [Member]
Revenues

34,711

59,812

42,911

50,326

54,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues

20,962

30,264

23,877

28,058

27,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service [Member]
Revenues

51,742

56,495

50,550

48,375

48,923

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues

12,340

12,768

11,726

12,195

12,487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets [Member]
Amortization of intangible assets

0

0

0

1,788

1,950

1,950

1,950

1,950

1,950

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-