COMPUTER PROGRAMS AND SYSTEMS, INC CPSI Income Statement

Computer programs and systems, inc (CPSI)

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
Sales revenues:
Support and maintenance
-	-	-	-	-	-	71,505	67,293	64,152	59,259	55,884
Total sales revenues
274,634	280,411	276,927	267,272	182,174	204,742	200,863	183,309	173,476	153,247	127,742
Costs of sales:
System sales and support
-	-	-	87,882	52,500	59,079	47,839	49,018	47,602	46,800	35,821
TruBridge
-	-	-	45,656	35,216	31,716	30,646	25,919	20,618	18,139	17,033
Support and maintenance
-	-	-	-	-	-	28,639	27,710	25,844	23,923	21,627
Total costs of sales
130,489	130,683	129,654	133,538	87,716	90,795	107,126	102,648	94,065	88,863	74,483
Gross profit
144,145	149,728	147,273	133,734	94,458	113,947	93,736	80,660	79,411	64,384	53,258
Operating expenses:
Product development
36,900	36,400	33,700	29,100	14,229	14,622	-	-	-	-	-
Sales and marketing
27,774	30,713	33,021	27,194	18,333	19,720	14,737	14,290	13,413	11,605	9,081
General and administrative
43,921	47,275	46,923	52,888	36,810	30,018	28,755	25,093	24,702	23,681	20,808
Amortization of acquisition-related intangibles
11,006	10,487	10,406	10,182	0	0	-	-	-	-	-
Goodwill impairment
0	0	28,000	0	0	-	-	-	-	-	-
Total operating expenses
119,562	124,846	152,087	119,359	69,372	64,360	43,492	39,383	38,116	35,286	29,890
Operating income
24,583	24,882	-4,814	14,375	25,086	49,587	50,243	41,277	41,294	29,097	23,368
Other income (expense):
Other income
-887	-6,774	-8,669	-6,389	405	152	466	720	667	673	727
Gain on contingent consideration
5,000	0	0	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
0	0	-1,340	0	0	-	-	-	-	-	-
Interest expense
6,694	7,577	7,736	6,609	0	0	-	-	-	-	-
Income before taxes
23,696	18,108	-13,483	7,986	25,491	49,739	50,710	41,997	41,962	29,770	24,096
Provision for income taxes
3,228	476	3,933	4,053	7,148	16,819	17,967	12,024	16,129	11,032	8,913
Net income
20,468	17,632	-17,416	3,933	18,343	32,920	32,743	29,973	25,833	18,737	15,183
Net income (loss) per common share-basic (in dollars per share)
1.43	1.26	-1.27	0.29	1.62	2.94	2.95	2.71	2.34	1.71	1.39
Net income (loss) per common share-diluted (in dollars per share)
1.43	1.26	-1.27	0.29	1.62	2.94	2.95	2.71	2.34	1.71	1.39
Weighted average shares outstanding used in per common share computations:
Weighted average shares outstanding used in per common share computations:
Basic (in shares)
13,778	13,561	13,419	13,255	11,083	11,026	10,997	10,976	11,033	10,962	10,953
Diluted (in shares)
13,778	13,568	13,419	13,255	11,083	11,026	10,997	10,976	11,033	10,962	10,955
System sales and support
Total sales revenues
165,352	180,164	188,261	185,665	118,385	148,652	79,792	72,553	70,643	61,252	42,455
Total costs of sales
73,872	75,984	80,018	-	-	-	-	-	-	-	-
TruBridge
Total sales revenues
109,282	100,247	88,666	81,607	63,789	56,090	49,565	43,463	38,679	32,735	29,402
Total costs of sales
56,617	54,699	49,636	-	-	-	-	-	-	-	-