Cbiz, inc. (CBZ)
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
Revenue

277,455

203,138

239,790

235,498

269,998

199,023

224,249

232,641

266,090

195,142

207,723

211,016

241,459

178,785

199,794

197,015

224,238

164,412

187,102

185,042

213,866

157,022

180,269

177,466

204,726

146,652

165,145

168,296

197,078

135,965

149,312

153,936

187,325

162,923

177,349

183,464

210,069

175,884

180,074

Operating expenses

199,827

200,706

209,146

198,148

215,496

181,824

198,607

205,102

204,750

189,975

184,723

188,120

192,766

171,544

174,069

173,996

178,117

159,914

158,496

163,117

170,864

154,316

155,233

158,317

161,938

144,291

146,464

147,202

155,382

133,977

136,773

135,564

149,172

159,802

154,345

160,345

169,727

157,243

158,260

Gross margin

77,628

2,432

30,644

37,350

54,502

17,199

25,642

27,539

61,340

5,167

23,000

22,896

48,693

7,241

25,725

23,019

46,121

4,498

28,606

21,925

43,002

2,706

25,036

19,149

42,788

2,361

18,681

21,094

41,696

1,988

12,539

18,372

38,153

3,121

23,004

23,069

40,342

18,641

21,814

Corporate general and administrative expenses

10,489

10,490

11,670

10,566

11,680

8,873

10,279

9,993

10,028

7,316

7,979

9,232

8,768

9,049

8,679

8,346

10,245

8,019

8,028

6,615

9,865

6,790

8,889

8,306

10,198

7,821

8,944

7,649

9,984

4,615

7,475

7,575

10,545

7,200

8,079

6,744

9,560

6,877

6,638

Operating income

67,139

-8,058

18,974

26,784

42,822

8,326

15,363

17,546

51,312

-2,149

15,021

13,664

39,925

-1,808

17,046

14,673

35,876

-3,521

20,578

15,310

33,137

-4,084

16,147

10,843

32,590

-5,460

9,737

13,445

31,712

-2,627

5,064

10,797

27,608

-4,079

14,925

16,325

30,782

11,764

15,176

Other (expense) income:
Interest expense

1,119

1,256

1,521

1,587

1,401

1,434

1,614

1,817

1,780

1,689

1,777

1,692

1,517

1,574

1,760

1,733

1,526

-

-

-

-

2,991

3,123

3,577

3,433

3,358

3,815

4,145

4,056

3,801

3,576

3,831

3,791

3,984

4,049

4,407

4,915

3,735

3,411

Gain on sale of operations, net

95

15

-145

50

497

362

0

0

663

0

0

23

22

375

329

50

101

-22

5

45

56

1,210

17

68

8

7

6

48

18

106

21

49

2,590

88

87

2

2,743

89

2

Other (expense) income, net

-15,800

4,999

6,767

-3,311

9,260

-9,631

3,143

630

-1,229

5,196

2,792

3,764

2,737

1,475

2,632

703

2,147

1,780

-2,367

-1,126

2,859

2,350

-1,368

3,936

1,975

3,203

2,371

515

1,728

3,191

2,542

-884

3,365

4,851

-4,510

27

3,081

1,015

-2,047

Total other (expense) income, net

-16,824

3,758

5,101

-4,848

8,356

-10,703

1,529

-1,187

-2,346

3,507

1,015

2,095

1,242

276

1,201

-980

722

521

-4,202

-3,929

-62

569

-4,474

427

-1,450

-148

-1,438

-3,582

-2,310

-504

-1,013

-4,666

2,164

955

-8,472

-4,378

909

-2,631

-5,456

Income from continuing operations before income tax expense

50,315

-4,300

24,075

21,936

51,178

-2,377

16,892

16,359

48,966

1,358

16,036

15,759

41,167

-1,532

18,247

13,693

36,598

-

-

-

-

-3,515

11,673

11,270

31,140

-5,608

8,299

9,863

29,402

-3,131

4,051

6,131

29,772

-3,124

6,453

11,947

31,691

9,133

9,720

Income tax expense

13,453

-3,164

6,069

5,322

13,613

-1,424

3,297

3,238

13,156

-3,368

6,172

4,343

16,141

-967

7,260

5,306

14,800

-2,226

6,787

4,696

13,572

-2,137

4,353

4,824

13,114

-2,698

2,707

4,260

12,308

-1,715

1,032

2,267

12,487

-1,913

1,614

5,095

13,587

3,591

2,711

Income from continuing operations

36,862

-1,136

18,006

16,614

37,565

-953

13,595

13,121

35,810

4,726

9,864

11,416

25,026

-565

10,987

8,387

21,798

-774

9,589

6,685

19,503

-1,378

7,320

6,446

18,026

-2,910

5,592

5,603

17,094

-1,416

3,019

3,864

17,285

-1,211

4,839

6,852

18,104

5,542

7,009

Loss from discontinued operations, net of tax

-14

-17

-200

-22

-96

-20

-9

-15

41

121

-206

-418

-152

-121

-133

-258

-30

-1,097

-561

-330

-335

60

-239

-312

-263

-1,130

453

1,639

1,186

2,604

2,256

1,966

1,478

25

-46

-331

-239

-747

-991

Gain on disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35

1,172

290

-

-7

607

-27

-474

93

56,315

1,905

23

18

32

18

22

20

-76

30

40

37

-596

Net income

36,848

-1,153

17,806

16,592

37,469

-973

13,586

13,106

35,851

4,847

9,658

10,998

24,874

-686

10,854

8,129

21,768

-1,906

10,200

6,645

19,168

-1,325

7,688

6,107

17,289

-3,947

62,360

9,147

18,303

1,206

5,307

5,848

18,785

-1,166

4,717

6,551

17,905

4,832

5,422

Basic:
Continuing operations

-

-0.02

0.33

0.31

-

-0.02

0.25

0.24

0.66

0.09

0.18

0.21

0.47

-0.01

0.21

0.16

0.42

-0.02

0.19

0.14

0.41

-0.03

0.15

0.13

0.37

-0.06

0.12

0.11

0.35

-0.03

0.06

0.08

0.35

-0.02

0.10

0.14

0.37

0.09

0.11

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-0.01

-

-

-

-

-

-0.01

0.01

-0.01

-0.01

0.00

0.01

0.00

-0.01

-0.02

1.16

0.07

0.02

0.05

0.05

0.04

0.03

0.00

0.00

-0.01

-0.01

-0.01

-0.02

Earnings per share - basic

0.68

-0.02

0.33

0.31

0.69

-0.02

0.25

0.24

0.66

0.09

0.18

0.20

0.47

-0.01

0.21

0.16

0.42

-0.03

0.20

0.13

0.40

-0.03

0.16

0.13

0.36

-0.08

1.28

0.18

0.37

0.02

0.11

0.12

0.38

-0.02

0.10

0.13

0.36

0.08

0.09

Diluted:
Continuing operations

-

-0.02

0.32

0.30

-

-0.02

0.24

0.23

0.64

0.09

0.18

0.20

0.45

-0.01

0.20

0.16

0.41

-0.02

0.18

0.13

0.38

-0.03

0.14

0.12

0.34

-0.06

0.11

0.11

0.34

-0.03

0.06

0.08

0.35

-0.02

0.10

0.14

0.36

0.09

0.11

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-0.01

-

-

-

-

-

-0.02

0.01

0.00

-0.01

0.00

0.01

0.00

-0.01

-0.02

1.16

0.07

0.02

0.05

0.05

0.04

0.03

0.00

0.00

-0.01

0.00

-0.01

-0.02

Earnings per share - diluted

0.66

-0.02

0.32

0.30

0.67

-0.02

0.24

0.23

0.64

0.09

0.18

0.19

0.45

-0.01

0.20

0.16

0.41

-0.04

0.19

0.13

0.37

-0.03

0.15

0.12

0.33

-0.08

1.27

0.18

0.36

0.02

0.11

0.12

0.38

-0.02

0.10

0.13

0.36

0.08

0.09

Basic weighted average shares outstanding

54,571

54,547

54,268

54,090

54,287

54,775

54,794

54,594

54,071

54,045

54,142

53,968

53,293

53,019

52,648

52,031

51,572

51,669

51,736

49,464

48,146

48,455

48,451

48,273

48,182

46,681

48,504

49,639

49,417

48,967

48,895

49,041

49,103

48,854

49,525

49,615

49,322

59,108

61,448

Diluted weighted average shares outstanding

55,945

54,547

55,816

55,495

55,915

54,775

56,740

56,437

55,924

55,884

55,827

55,831

55,214

53,019

53,846

53,079

52,745

51,669

54,445

52,024

51,385

48,455

51,209

52,052

52,618

46,981

49,003

49,929

49,836

48,967

49,109

49,244

49,531

48,854

49,920

49,958

49,755

59,579

61,837

Comprehensive income:
Net income

36,848

-1,153

17,806

16,592

37,469

-973

13,586

13,106

35,851

4,847

9,658

10,998

24,874

-686

10,854

8,129

21,768

-1,906

10,200

6,645

19,168

-1,325

7,688

6,107

17,289

-3,947

62,360

9,147

18,303

1,206

5,307

5,848

18,785

-1,166

4,717

6,551

17,905

4,832

5,422

Other comprehensive (loss) income, net of tax

-1,252

171

-129

-422

81

-

55

174

-

89

16

37

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income

35,596

-982

17,677

16,170

37,550

-

13,641

13,280

-

4,936

9,674

11,035

25,054

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-