COMPUTER PROGRAMS AND SYSTEMS, INC CPSI Income Statement

Computer programs and systems, inc (CPSI)

Income statement / Quarterly

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
Sales revenues:
Support and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,243	18,454	18,245	18,094	17,996	17,737	17,676	16,966	16,782	16,878	16,665	14,589	17,195	16,205	16,162	14,980	14,468
Total sales revenues
69,757	70,638	68,699	66,156	69,141	72,327	69,297	67,905	70,882	78,062	67,113	67,677	64,075	64,551	64,663	68,415	69,643	44,231	44,617	47,086	46,240	46,267	53,327	53,053	52,094	51,273	46,779	53,261	49,548	47,915	45,173	45,731	44,489	42,212	42,045	48,838	40,380	40,913	37,713
Costs of sales:
System sales and support
-	-	-	-	-	-	-	-	18,417	-	19,927	19,753	19,512	23,020	20,709	21,886	22,267	12,374	12,825	13,913	13,388	25,505	11,087	11,292	11,193	10,264	11,241	13,083	13,250	12,912	11,527	12,679	11,899	11,107	10,845	13,529	12,120	12,591	11,719
TruBridge
-	-	-	-	-	-	-	-	13,380	-	12,806	11,933	11,863	11,566	11,187	11,616	11,287	9,287	9,065	8,458	8,406	3,643	9,525	9,454	9,091	8,415	7,749	7,541	6,940	6,688	6,520	6,253	6,456	6,368	4,911	4,657	4,679	5,104	4,380
Support and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,454	7,127	7,373	7,106	7,134	7,160	7,238	7,073	7,110	6,659	6,866	6,094	6,811	6,494	6,443	6,160	5,928
Total costs of sales
33,644	34,058	32,784	31,621	32,026	32,654	33,173	33,059	31,797	33,860	32,733	31,686	31,375	34,586	31,896	33,502	33,554	21,661	21,890	22,371	21,794	7,194	28,067	27,874	27,659	25,786	26,125	27,784	27,429	26,675	25,158	25,592	25,221	23,570	22,568	24,681	23,244	23,856	22,028
Gross profit
36,113	36,580	35,915	34,535	37,115	39,673	36,124	34,846	39,085	44,202	34,380	35,991	32,700	29,965	32,767	34,913	36,089	22,570	22,727	24,715	24,446	39,073	25,259	25,178	24,435	25,487	20,654	25,476	22,118	21,239	20,014	20,138	19,267	18,641	19,476	24,156	17,135	17,057	15,684
Operating expenses:
Product development
8,271	9,217	9,158	9,297	9,228	9,024	9,305	9,314	8,757	8,959	8,250	8,414	8,077	5,334	8,397	8,179	7,190	3,522	3,555	3,570	3,582	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
6,997	6,612	6,654	7,016	7,492	7,935	7,546	7,518	7,714	9,759	8,528	7,607	7,127	6,853	6,894	6,717	6,730	4,439	4,563	4,740	4,591	8,560	3,561	3,633	3,964	3,740	3,286	4,134	3,575	3,629	3,379	3,640	3,640	3,041	3,581	3,866	2,925	3,311	2,804
General and administrative
11,847	9,011	10,996	12,090	11,824	10,503	11,220	13,188	12,364	12,962	9,379	12,921	11,661	11,089	10,631	12,130	19,038	10,004	10,348	8,019	8,439	6,534	7,523	7,475	8,484	5,785	6,341	8,193	8,434	5,248	6,644	6,572	6,627	5,073	6,257	7,651	5,719	6,067	6,066
Amortization of acquisition-related intangibles
2,866	2,867	3,100	2,516	2,523	2,592	2,692	2,601	2,602	2,603	2,601	2,601	2,601	2,602	2,601	2,624	2,355	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
29,981	27,668	29,908	30,919	31,067	30,025	30,763	32,621	31,437	62,320	28,758	31,543	29,466	25,873	28,523	29,650	35,313	17,965	18,466	16,329	16,612	29,717	11,084	11,109	12,448	9,526	9,628	12,328	12,009	8,877	10,024	10,213	10,268	8,114	9,838	11,518	8,644	9,378	8,870
Operating income
6,132	8,912	6,007	3,616	6,048	9,648	5,361	2,225	7,648	-18,118	5,622	4,448	3,234	4,092	4,244	5,263	776	4,605	4,261	8,386	7,834	9,355	14,175	14,069	11,987	15,960	11,025	13,148	10,109	12,362	9,990	9,925	8,999	10,526	9,637	12,638	8,491	7,678	6,813
Other income (expense):
Other income
362	-1,422	4	283	248	-7,367	201	194	198	-8,911	102	70	70	-6,510	53	69	-1	70	137	115	83	57	68	66	-40	79	113	136	136	110	261	189	159	175	181	158	153	221	119
Interest expense
1,179	1,425	1,702	1,763	1,804	1,963	1,829	1,807	1,978	1,929	2,062	1,938	1,807	1,782	1,717	1,642	1,468	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-817	-	-1,698	-1,480	-1,556	-	-1,628	-1,613	-1,780	-	-1,960	-1,868	-1,737	-	-1,664	-1,573	-1,469	-	137	115	83	-	68	66	-40	-	-	136	136	-	-	-	-	-	-	-	-	-	-
Income before taxes
5,315	12,759	4,309	2,136	4,492	7,895	3,733	612	5,868	-21,222	3,662	2,580	1,497	2,409	2,580	3,690	-693	4,675	4,398	8,501	7,917	9,412	14,244	14,135	11,946	16,040	11,139	13,285	10,245	12,472	10,252	10,114	9,158	10,701	9,818	12,797	8,644	7,900	6,933
Provision for income taxes
1,225	1,533	174	473	1,048	307	-2,016	284	1,901	315	1,374	993	1,251	408	981	1,694	970	1,282	859	2,598	2,409	2,669	4,889	5,029	4,231	5,996	3,870	4,799	3,301	3,333	3,327	1,853	3,509	4,146	3,829	4,880	3,271	3,011	2,669
Net income
4,090	11,226	4,135	1,663	3,444	7,588	5,749	328	3,967	-21,537	2,288	1,587	246	2,001	1,599	1,996	-1,663	3,393	3,539	5,903	5,508	6,743	9,354	9,106	7,715	10,044	7,269	8,485	6,943	9,138	6,924	8,261	5,649	6,554	5,989	7,916	5,373	4,888	4,264
Net income (loss) per common share-basic (in dollars per share)
0.28	0.78	0.29	0.12	0.24	0.54	0.41	0.02	0.29	-1.57	0.17	0.11	0.02	0.15	0.12	0.15	-0.13	0.30	0.31	0.52	0.49	0.61	0.83	0.81	0.69	0.89	0.66	0.77	0.63	0.82	0.63	0.75	0.51	0.59	0.54	0.72	0.49	0.45	0.39
Net income (loss) per common share-diluted (in dollars per share)
0.28	0.78	0.29	0.12	0.24	0.54	0.41	0.02	0.29	-1.57	0.17	0.11	0.02	0.15	0.12	0.15	-0.13	0.30	0.31	0.52	0.49	0.61	0.83	0.81	0.69	0.89	0.66	0.77	0.63	0.82	0.63	0.75	0.51	0.59	0.54	0.72	0.49	0.45	0.39
Weighted average shares outstanding used in per common share computations:
Weighted average shares outstanding used in per common share computations:
Basic (in shares)
13,904	13,833	13,829	13,794	13,656	13,604	13,604	13,561	13,475	13,451	13,431	13,420	13,374	13,351	13,327	13,317	13,025	11,110	11,091	11,079	11,052	11,048	11,027	11,022	11,005	10,827	11,085	11,000	11,078	10,715	11,065	11,063	11,063	11,064	11,063	11,044	10,962	10,962	10,962
Diluted (in shares)
13,904	13,833	13,829	13,794	13,656	13,632	13,604	13,561	13,475	13,451	13,431	13,420	13,374	13,303	13,327	13,365	13,025	11,110	11,091	11,079	11,052	11,048	11,027	11,022	11,005	10,827	11,085	11,000	11,078	10,715	11,065	11,063	11,063	11,064	11,063	11,044	10,962	10,962	10,962
Dividends declared per common share (in dollars per share)
0.10	-	0.10	0.10	0.10	-	0.10	0.10	0.10	-	0.30	0.20	0.25	-	0.34	0.64	0.64	-	0.64	0.64	0.64	-	0.57	0.57	0.57	-	0.51	0.51	0.51	-	0.46	0.46	0.46	-	0.36	0.36	0.36	0.36	0.36
System sales and support
Total sales revenues
41,186	41,475	40,990	39,640	43,247	47,242	44,425	42,746	45,751	54,998	44,366	45,474	43,423	44,136	44,101	47,719	49,709	28,364	28,094	30,810	31,117	86,779	20,755	20,663	20,453	20,508	16,184	22,376	20,721	20,088	17,560	17,828	17,074	15,445	15,998	23,593	15,606	17,481	14,866
Total costs of sales
18,587	19,101	18,761	17,673	18,337	-	19,583	19,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TruBridge
Total sales revenues
28,571	29,163	27,709	26,516	25,894	25,085	24,872	25,159	25,131	23,064	22,747	22,203	20,652	20,415	20,562	20,696	19,934	15,867	16,523	16,276	15,123	14,430	14,327	13,935	13,395	12,670	12,597	13,146	11,149	10,860	10,830	11,023	10,748	12,177	8,850	9,039	8,611	8,450	8,378
Total costs of sales
15,057	14,957	14,023	13,948	13,689	-	13,590	13,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-