Blackbaud, Inc. BLKB Income Statement

Blackbaud, inc. (BLKB)

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	Dec'08
Revenue
License fees
-	-	-	-	-	-	-	20,551	19,475	23,719	25,656	35,932
Subscriptions
-	-	-	428,987	331,759	263,435	212,656	162,102	103,544	83,912	73,194	49,705
Maintenance
-	-	-	146,946	153,801	147,418	138,745	136,101	130,604	124,559	116,413	107,304
License fees and other
-	-	-	-	-	25,197	25,868	9,039	8,464	6,712	6,968	8,730
Revenue
900,423	848,606	788,487	730,815	637,940	564,421	503,817	447,419	370,868	326,565	309,470	302,495
Cost of revenue
Cost of license fees
-	-	-	-	-	-	-	2,993	3,345	3,003	3,697	3,316
Cost of subscriptions
-	-	-	213,883	167,341	133,221	93,649	68,773	42,536	31,155	28,158	20,587
Cost of maintenance
-	-	-	22,094	27,066	25,448	25,741	26,001	25,178	24,123	21,594	20,185
Cost of license fees and other
-	-	-	-	-	8,263	9,268	7,485	7,049	7,103	6,098	8,368
Cost of revenue
418,424	381,742	361,904	339,220	304,631	273,438	232,663	202,460	157,194	132,139	121,132	116,416
Gross profit
481,999	466,864	426,583	391,595	333,309	290,983	271,154	244,959	213,674	194,426	188,338	186,079
Operating expenses
Sales, marketing and customer success
224,152	192,848	169,559	155,754	123,646	107,360	97,614	95,218	75,361	69,469	63,495	65,185
Research and development
106,164	98,811	89,911	89,870	84,636	77,179	65,645	64,692	47,672	45,499	45,520	38,708
General and administrative
113,414	106,354	94,870	81,331	76,084	58,277	50,320	63,133	36,933	32,636	33,383	34,072
Amortization
5,316	4,844	3,271	2,840	2,231	1,803	2,539	2,106	980	798	768	713
Restructuring
5,808	4,590	794	0	0	-	3,494	175	0	-	-	-
Impairment of cost method investment
-	-	-	-	-	-	-	200	1,800	0	-	-
Total operating expenses
454,854	407,447	358,405	329,795	286,597	244,619	219,612	225,524	162,746	148,402	143,166	138,678
Income from operations
27,145	59,417	68,178	61,800	46,712	46,364	51,542	19,435	50,928	46,024	45,172	47,401
Interest income
-	-	-	-	-	-	-	146	183	84	637	526
Interest expense
20,618	15,898	12,097	10,583	8,073	6,011	5,818	5,864	200	74	962	1,526
Other income, net
4,058	1,103	2,260	-291	-1,687	-1,119	-395	-392	346	-98	220	-194
Loss on debt extinguishment and termination of derivative instruments (see Notes 8 and 9)
-	-	-	-	-	-	-	0	-	-	-	-
Income (loss) before provision for income taxes
10,585	44,622	58,341	50,926	36,952	39,234	45,329	13,325	51,257	45,936	45,067	46,207
Income tax provision (benefit)
-1,323	-219	-15,292	9,411	11,303	10,944	14,857	6,742	18,037	16,749	17,547	16,329
Net Income (Loss) Attributable to Parent
11,908	44,841	73,633	41,515	25,649	28,290	30,472	6,583	33,220	29,187	27,520	29,878
Earnings Per Share [Abstract]
Basic earnings per share
0.25	0.95	1.58	0.90	0.56	0.63	0.68	0.15	0.76	0.68	0.64	0.70
Diluted earnings per share
0.25	0.93	1.54	0.88	0.55	0.62	0.67	0.15	0.75	0.67	0.63	0.68
Common shares and equivalents outstanding
Weighted Average Number of Shares Outstanding, Basic
47,695	47,206	46,669	46,132	45,623	45,215	44,684	44,145	43,522	43,145	42,771	42,958
Weighted Average Number of Shares Outstanding, Diluted
48,312	48,045	47,775	47,316	46,498	45,799	45,421	44,691	44,149	43,876	43,600	43,958
Dividends per share (in dollars per share)
-	-	-	0.48	0.48	0.48	0.48	0.48	0.48	0.44	0.40	0.40
Other comprehensive (loss) income
Foreign currency translation adjustment
2,641	-5,218	-789	324	62	261	53	-34	-336	-506	-	-
Unrealized loss on derivative instruments, net of tax
-2,821	583	751	44	145	92	535	-791	0	0	-	-
Total other comprehensive (loss) income
-180	-4,635	-38	368	207	353	588	-825	-336	-506	-	-
Comprehensive (loss) income
11,728	40,206	73,595	41,883	25,856	28,643	31,060	5,758	32,884	28,681	-	-
Recurring [Member]
Revenue
831,609	762,181	684,583	-	-	-	-	-	-	-	-	-
Cost of revenue
357,988	305,481	277,639	-	-	-	-	-	-	-	-	-
One-time services and other [Member]
Revenue
68,814	86,425	103,904	154,882	152,380	128,371	126,548	119,626	108,781	87,663	87,239	100,824
Cost of revenue
60,436	76,261	84,265	103,243	110,224	106,506	104,005	97,208	79,086	66,755	61,585	63,960