Avid technology, inc. (AVID)
Income statement / TTM
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

394,921

411,787

408,165

418,750

418,664

413,282

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Products

-

-

-

-

-

-

-

-

-

-

212,249

221,670

249,607

283,110

315,088

340,293

340,851

336,371

336,536

352,921

364,086

378,627

391,201

378,840

391,383

395,531

0

0

0

-

-

-

0

-

-

-

0

0

0

Products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

Services

-

-

-

-

-

-

-

-

-

-

214,791

219,124

222,883

228,820

220,353

213,565

188,705

169,224

158,449

147,057

150,769

151,624

157,957

166,782

170,940

167,881

178,734

169,107

162,025

156,873

140,142

136,888

134,778

131,565

125,154

120,137

0

0

0

Recoveries (allowances) related to divestitures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

Total net revenues

-

-

-

-

-

-

-

-

-

-

427,040

440,794

472,490

511,930

535,441

553,858

529,556

505,595

494,985

499,978

514,855

530,251

549,158

545,622

562,323

563,412

576,778

565,060

581,146

597,214

622,447

659,970

664,322

677,936

657,293

654,755

0

0

0

Cost of revenues:
Products

-

-

-

-

-

-

-

-

-

-

109,652

106,960

108,959

111,579

121,870

127,333

127,208

131,881

128,283

133,834

140,568

143,765

151,562

153,438

157,243

159,264

126,730

130,831

158,571

182,764

239,415

255,694

253,076

255,735

252,375

258,149

0

0

0

Services

-

-

-

-

-

-

-

-

-

-

56,449

57,862

59,513

59,828

60,573

61,104

60,215

61,501

60,735

60,300

60,680

60,656

62,112

63,503

63,572

63,177

68,561

67,296

66,229

63,670

60,285

60,764

61,145

62,482

58,540

56,093

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

7,800

7,800

7,800

7,800

7,800

7,800

6,013

4,063

2,113

163

0

50

208

366

867

1,468

1,956

2,432

2,575

2,574

2,586

2,636

2,677

2,693

2,780

3,042

0

0

0

Restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

Total cost of revenues

152,191

160,926

162,113

167,995

168,075

166,318

170,910

174,332

176,619

176,887

173,901

172,622

176,272

179,207

190,243

196,237

193,436

197,445

191,131

194,297

201,248

204,471

213,724

217,149

221,524

223,751

228,160

232,000

261,449

283,082

305,447

321,727

316,898

320,910

313,695

317,284

0

0

0

Gross profit

240,942

249,073

242,314

245,067

244,739

239,164

231,096

230,843

234,264

242,116

253,139

268,172

296,218

332,723

345,198

357,621

336,120

308,150

303,854

305,681

313,607

325,780

335,276

328,315

340,641

339,503

347,972

332,414

319,051

313,486

317,000

338,243

347,424

357,026

343,598

337,471

0

0

0

Operating expenses:
Research and development

61,483

62,343

61,161

62,174

62,979

62,379

63,851

64,003

65,009

68,212

70,677

74,605

79,047

81,564

86,981

92,253

94,130

95,898

94,920

91,849

90,609

90,390

91,734

92,819

94,596

95,249

93,644

93,504

96,553

100,428

106,199

112,060

115,617

118,108

118,315

119,623

0

0

0

Marketing and selling

100,355

99,944

97,262

98,389

100,019

101,273

103,128

105,319

106,578

106,257

101,792

103,371

104,530

110,338

119,118

123,451

126,085

122,511

126,947

126,793

128,279

133,049

133,088

133,190

132,796

133,890

134,709

139,826

149,377

161,395

173,563

182,329

184,742

183,865

179,511

178,590

0

0

0

General and administrative

52,316

53,360

52,118

53,744

55,063

55,230

52,280

53,813

53,416

53,892

56,380

55,009

58,183

61,471

69,822

71,834

72,441

74,109

74,868

79,678

82,237

81,181

82,094

84,165

80,312

77,578

67,905

55,732

53,506

52,547

54,199

57,175

57,489

57,851

62,435

62,796

0

0

0

Amortization of intangible assets

331

694

1,055

1,418

1,450

1,450

1,451

1,450

1,450

1,450

1,451

1,656

2,075

2,498

2,921

3,140

2,766

2,354

1,943

1,530

1,520

1,626

1,918

2,205

2,465

2,648

2,736

2,858

3,305

4,253

5,561

6,938

7,994

8,528

8,748

9,006

0

0

0

Restructuring Charges

218

631

2,265

2,262

2,799

5,148

3,996

3,188

8,983

7,059

11,423

17,319

11,043

12,837

13,644

8,330

9,082

6,305

539

374

0

-

0

0

-

5,370

3,005

14,991

28,914

28,809

36,148

26,181

10,502

8,858

1,578

2,878

0

0

0

Gain (loss) on sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

Loss (gain) on sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total operating expenses

214,703

216,972

213,861

217,987

222,310

225,480

224,706

227,773

235,436

236,870

241,723

251,960

254,878

268,708

292,486

299,008

304,504

301,177

299,217

300,389

302,480

306,081

311,160

315,393

315,266

314,735

301,999

306,705

341,400

357,177

385,415

394,634

376,941

377,807

369,657

371,963

0

0

0

Operating income (loss)

26,239

32,101

28,453

27,080

22,429

13,684

6,390

3,070

-1,172

5,246

11,416

16,212

41,340

64,015

52,712

58,613

31,616

6,973

4,637

5,292

11,127

19,699

24,116

12,922

25,375

24,768

45,973

25,709

-22,349

-43,691

-68,415

-56,391

-29,517

-20,781

-26,059

-34,492

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

140

126

355

430

502

555

289

262

154

210

258

219

214

144

160

156

0

0

0

Interest Expense

26,810

26,712

0

0

0

-

-

-

-

19,964

18,319

18,325

19,566

18,903

16,639

14,401

10,157

6,346

4,281

2,270

1,770

1,771

1,670

1,653

1,612

1,574

1,546

1,509

1,540

1,548

1,633

1,785

1,974

2,053

1,747

1,443

0

0

0

Other expense, net

-

-29,578

-29,719

-29,925

-

-23,087

0

0

0

-

-

-

-

-

-

-

-

-175

-2,109

-2,057

-1,525

-1,138

204

204

201

203

-1,139

-1,104

-1,097

-1,081

-136

-130

-202

-159

109

210

0

0

0

Income (loss) before income taxes

0

-

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

23,145

12,043

24,606

24,092

43,955

23,736

-24,454

-45,732

-69,926

-58,087

-31,479

-22,849

-27,537

-35,569

0

0

0

Provision for (benefit from) income taxes

-5,392

-5,076

602

1,310

1,454

1,271

1,283

-207

236

133

782

-3,474

-3,358

-2,875

-1,677

4,412

-1,841

-1,915

-3,460

-3,863

2,309

2,188

2,219

2,775

2,822

2,939

3,266

3,017

3,251

3,215

-1

1,999

506

942

5,936

3,261

0

0

0

Income from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Income from divested operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

1,955

7,599

-1,868

-4,155

-1,938

-10,674

-17,458

-18,264

-20,589

-13,555

-7,453

1,593

25,364

48,219

38,613

40,613

23,589

2,480

1,796

4,918

5,663

14,728

20,926

9,268

21,784

21,153

40,689

20,719

-27,705

-48,947

-69,925

-60,086

-31,985

-23,791

-33,473

-38,830

0

0

0

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

187,760

207,445

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues

103,161

109,799

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service [Member]
Revenues

207,162

204,343

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenues

49,029

49,176

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets [Member]
Amortization of intangible assets

1,788

3,738

5,688

7,638

7,800

7,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-