Blucora, Inc. BCOR Income Statement

Blucora, inc. (BCOR)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	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
Revenue:
Total revenue
755,497	717,945	669,782	616,151	580,259	560,456	549,369	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	484,880	0	0	-	0	-	-	-	-	-	-	-	-
Product revenue, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	491,575	472,521	-	371,975	291,613	202,405	117,708	-254,045	-142,065	-31,396	103,719	157,180	166,446	142,058	91,213	504,110	472,859	456,561	406,919	376,063	339,450	292,859	228,813	214,562	210,668	0	0	0
Cost of revenue:
Services cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35,450	-12,269	850	6,544	289,192	0	0	-	0	-	-	-	-	-	-	-	-
Product cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
403,552	362,772	327,776	287,796	261,827	263,719	261,747	259,035	253,799	246,072	237,781	233,099	226,773	223,176	168,924	115,716	65,857	13,713	-227,405	-155,127	-78,993	13,330	35,149	43,347	33,329	13,994	302,149	288,510	283,385	265,945	240,646	209,483	181,835	154,962	141,422	131,809	0	0	0
Cost, Amortization
-	-	0	0	-	99	149	199	197	195	192	191	193	812	2,675	4,537	6,351	7,546	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	73,140	78,859	0	0	0
Operating expenses:
Engineering and technology
32,917	30,931	27,430	23,041	20,730	19,332	19,798	20,603	19,997	19,614	18,979	18,516	18,233	17,780	14,478	11,141	8,312	5,107	-7,693	-2,974	713	3,758	10,220	7,155	4,846	3,249	10,489	9,994	9,934	9,969	9,335	8,731	8,067	7,158	7,794	8,528	0	0	0
Sales and marketing
150,343	126,205	121,446	117,145	111,680	111,361	112,543	110,548	109,053	102,798	98,619	96,904	94,521	89,360	78,745	68,893	56,673	45,854	-10,780	5,259	19,853	42,671	65,038	65,116	57,524	40,172	80,945	70,511	64,685	45,644	40,861	37,953	33,986	21,510	24,071	26,497	0	0	0
General and administrative
86,180	78,529	71,950	65,712	62,335	60,124	57,158	55,961	54,051	52,668	50,902	50,333	48,126	47,396	55,768	53,025	49,170	43,563	20,457	21,057	23,829	25,315	30,536	29,462	25,594	23,346	27,075	23,937	22,736	27,418	26,604	27,834	27,448	21,542	23,394	23,632	0	0	0
Acquisition and integration
29,648	25,763	17,739	10,980	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
6,214	5,479	4,608	3,936	3,614	4,468	4,486	4,555	4,435	3,460	3,655	3,756	3,846	3,881	3,326	2,752	2,145	1,521	-877	-186	593	1,300	2,778	2,390	1,779	1,238	2,230	2,093	2,101	2,119	2,100	2,015	2,035	2,162	2,503	2,842	0	0	0
Amortization of other acquired intangible assets
37,061	37,357	35,398	33,587	33,224	33,487	33,999	34,343	33,826	33,807	33,594	33,276	33,303	33,331	28,120	23,018	17,887	12,757	4,845	7,768	10,344	12,742	19,634	17,700	15,107	12,692	13,690	12,675	12,675	11,619	0	0	0	-	-	-	-	-	-
Impairment of goodwill
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,067,440	717,936	657,244	542,194	495,206	492,779	490,397	485,817	476,262	461,520	450,126	442,374	430,961	418,794	349,361	274,545	200,044	122,515	-221,453	-124,203	-23,661	99,116	163,355	165,170	138,179	94,691	432,013	0	0	-	0	-	-	-	-	-	-	-	-
Impairment of indefinite-live intangible assets (excluding goodwill)
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring
-	-	-3	-3	-	288	666	772	1,101	3,101	6,596	6,490	6,159	3,870	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
-311,943	9	12,538	73,957	85,053	67,677	66,650	66,016	56,885	48,037	48,383	49,201	41,560	37,117	22,614	17,068	2,361	-4,807	-32,592	-17,862	-7,735	4,603	-6,175	1,276	3,879	-3,478	67,497	0	0	-	0	-	-	-	-	-	-	-	-
Other loss, net
-19,092	-16,915	-15,629	-16,886	-14,527	-15,797	-17,252	-18,630	-40,071	-44,551	-50,602	0	0	-	0	-	-17,061	-12,542	-11,597	-11,725	-12,415	-13,489	-20,142	-30,052	-32,632	-29,568	-19,423	-11,501	-6,127	-6,677	-8,653	-3,913	-2,876	-1,246	-3,796	-6,862	0	0	0
Total expenses and other loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	61,558	68,361	0	0	0
Income (loss) before income taxes
-331,035	-16,906	-3,091	57,071	70,526	51,880	49,398	47,386	16,814	3,486	-664	-6,058	-415	-2,664	-10,702	-7,875	-14,700	-17,349	-44,189	-29,587	-20,150	-8,886	-26,317	-28,776	-28,753	-33,046	48,109	53,638	54,918	37,528	39,414	44,240	34,499	20,233	11,582	10,498	0	0	0
Income tax expense
-1,554	-65,054	-18,189	-6,689	2,311	311	-29,776	-28,776	-27,361	-25,890	0	0	0	-	0	-	-2,848	-4,623	-15,777	-11,145	-8,034	-3,342	-7,609	-5,825	-5,471	-7,385	18,756	20,202	20,190	15,002	-2,166	-1,813	-5,532	-11,288	4,389	3,950	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,379	-9,834	-8,618	-11,852	-12,726	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-63,121	-92,451	-50,326	-28,511	-27,348	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,165	-3,925	0	0	0
Net income (loss)
-	-	15,120	63,769	-	51,569	79,188	76,192	44,212	29,376	-1,572	-38,791	-56,601	-64,500	-102,285	-58,944	-40,363	-40,074	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-	-	281	508	-	935	2,525	2,462	2,416	2,337	698	701	640	658	426	259	144	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,521	7,193	6,548	0	0	0
Loss on sale of discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Net income (loss) attributable to Blucora, Inc.
-329,516	48,148	14,839	63,261	67,463	50,634	76,663	73,730	41,796	27,039	-2,270	-39,492	-57,241	-65,158	-102,711	-59,203	-40,507	-40,074	-51,293	-42,920	-38,434	-35,547	31,352	27,109	26,778	24,399	29,353	33,436	34,728	22,526	41,580	46,053	31,677	21,594	-3,646	-5,051	0	0	0
Net income (loss) per share attributable to Blucora, Inc.:
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.34	-0.33	0.13	0.49	-0.54	-0.30	0.06	0.47	-	-	-	-	-	-	-	-	-	-	-	-	0.60	0.05	0.10	0.08	-0.04	0.04
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.13	-0.97	-0.48	0.06	-0.84	0.04	0.04	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.02	-0.04	-0.03	-0.02
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	-	-	-
Basic (in USD per share)
-6.60	0.35	-1.28	0.64	1.29	-0.41	-0.37	0.75	0.97	0.17	-0.37	0.08	0.73	-0.47	-1.30	-0.35	0.55	-1.38	-0.26	0.10	0.56	-1.64	-0.05	0.21	0.62	-0.03	-0.16	0.20	0.58	0.09	-0.06	0.24	0.29	0.60	0.05	-0.12	0.04	-0.07	0.02
Net income (loss) per share attributable to Blucora, Inc. - diluted:
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.33	-0.33	0.13	0.48	-0.53	-0.30	0.06	0.46	-	-	-	-	-	-	-	-	-	-	-	-	0.59	0.05	0.10	0.08	-0.04	0.04
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14	-0.97	-0.47	0.06	-0.84	0.04	0.04	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.02	-0.04	-0.03	-0.02
Diluted (in USD per share)
-6.60	0.39	-1.28	0.62	1.25	-0.37	-0.37	0.71	0.93	0.20	-0.37	0.07	0.67	-0.47	-1.30	-0.34	0.54	-1.37	-0.26	0.10	0.55	-1.59	-0.05	0.20	0.58	0.02	-0.16	0.20	0.53	0.09	-0.06	0.23	0.28	0.59	0.05	-0.12	0.04	-0.07	0.02
Weighted average shares outstanding:
Basic (in shares)
47,827	47,688	48,652	48,555	48,161	48,002	47,712	47,221	46,641	46,232	45,459	43,644	42,145	41,765	41,635	41,405	41,171	40,981	40,950	40,918	40,987	40,818	41,034	41,570	42,162	41,755	41,088	41,050	40,911	40,797	40,511	40,116	39,692	39,487	38,568	37,422	36,339	35,751	35,751
Diluted (in shares)
47,827	49,112	48,652	49,822	49,542	51,713	47,712	49,434	48,665	51,020	45,459	46,937	45,428	40,433	41,635	42,298	41,610	39,051	40,950	41,936	41,899	36,945	41,034	43,084	44,521	36,698	41,088	42,724	44,294	43,954	40,511	41,245	40,978	40,114	39,158	38,128	37,084	35,751	37,353
Comprehensive income (loss):
Comprehensive income attributable to noncontrolling interests
-	-	281	508	-	935	2,525	2,462	2,416	2,337	698	701	640	658	426	259	144	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for realized gain on investments, available-for-sale, net, included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Other comprehensive income
48,487	48,322	-47,452	1,136	5,095	50,192	76,479	73,667	41,992	27,416	-1,966	-39,488	-57,384	-65,012	-102,911	-59,405	-39,556	-39,488	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	15,120	63,769	-	51,569	50,536	67,753	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on available-for-sale investments, net of tax
-	-	-	-	-	-	-	-	-	-	0	0	-1	9	-77	34	-152	-236	-1,441	-3,469	-1,206	-1,119	171	2,065	-19	11	29	61	54	-16	-26	-18	-21	34	105	165	0	0	0
Foreign currency translation adjustment
-	-	-121	45	-	-	-184	-63	196	-	304	4	-142	137	-149	-194	-195	-517	-122	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Unrealized gain on derivative instrument, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	266	246	-89	0	-	0	0	-	-	-	-	-	-	-
Reclassification adjustment for realized loss on available-for-sale investments, net of tax, included in net income as Other loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-375	-359	-423	-47	-6	4	1	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for other-than-temporary impairment loss on available-for-sale investments, included in net income as discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-	-	-121	45	-	-442	-184	-63	196	377	304	4	-143	146	-200	-202	951	586	-240	-2,082	-1,159	-1,113	167	2,122	206	276	0	0	0	-	-	-	-	-	0	0	-	0	0
Comprehensive income (loss) attributable to Blucora, Inc.
-329,177	48,322	14,999	63,814	67,995	51,127	79,004	76,129	44,408	29,753	-1,268	-38,787	-56,744	-64,354	-102,485	-59,146	-39,412	-39,488	-51,533	-45,002	-39,593	-36,660	31,519	29,231	26,984	24,675	29,679	33,717	34,530	22,218	41,230	45,731	31,656	21,628	-3,558	-4,920	0	0	0
Wealth Management Services
Total revenue
563,436	507,979	459,981	406,440	370,624	373,174	369,832	364,754	358,035	348,620	337,822	331,101	321,922	316,546	233,496	153,408	77,291	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
393,049	352,081	316,935	277,218	251,890	253,580	250,941	248,235	243,049	235,859	228,227	223,541	217,601	213,996	158,213	103,292	52,269	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Preparation Services
Total revenue
192,061	209,966	209,801	209,711	209,635	187,282	187,215	187,079	175,112	160,937	160,687	160,474	150,599	139,365	138,479	138,205	125,114	117,708	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
10,503	10,691	10,841	10,578	9,888	10,040	10,657	10,601	10,553	10,018	9,362	9,367	8,979	8,368	8,036	7,887	7,237	6,167	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-