Criteo S.A. CRTO Income Statement

Criteo s.a. (CRTO)

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
Revenue
503,376	652,640	522,606	528,147	558,123	670,096	528,869	537,185	564,164	674,030	563,973	542,022	516,667	566,825	423,867	407,201	401,253	397,017	332,674	299,306	294,172
Cost of revenue:
Traffic acquisition costs
297,364	386,388	301,901	304,229	322,429	398,238	305,387	306,963	323,746	397,087	329,576	322,200	306,693	341,877	247,310	240,969	238,755	237,055	198,970	177,239	175,888
Other cost of revenue
33,806	31,328	31,101	29,059	26,045	38,807	32,921	29,957	30,059	31,727	29,951	32,808	27,155	24,311	22,332	20,279	18,338	17,783	17,206	14,243	12,969
Gross profit
172,206	234,924	189,604	194,859	209,649	233,051	190,561	200,265	210,359	245,216	204,446	187,014	182,819	200,637	154,225	145,953	144,160	142,179	116,498	107,824	105,315
Operating expenses:
Research and development expenses
37,515	40,585	41,414	44,015	46,577	44,605	41,796	47,544	45,318	46,933	43,860	43,611	39,521	35,551	30,701	30,235	27,162	26,666	22,442	19,853	17,846
Sales and operations expenses
84,974	98,080	85,985	95,503	95,909	93,806	90,526	92,726	95,649	96,835	95,184	97,900	90,730	80,991	68,164	69,225	64,473	60,410	56,310	59,727	53,083
General and administrative expenses
25,915	37,382	32,835	35,767	33,770	32,461	32,463	35,644	34,591	30,933	32,389	32,239	31,516	31,630	32,492	28,610	24,737	21,280	19,915	20,404	17,546
Total operating expenses
148,404	176,047	160,234	175,285	176,256	170,872	164,785	175,914	175,558	174,701	171,433	173,750	161,767	148,172	131,357	128,070	116,372	108,356	98,667	99,984	88,475
Income from operations
23,802	58,877	29,370	19,574	33,393	62,179	25,776	24,351	34,801	70,515	33,013	13,264	21,052	52,465	22,868	17,883	27,788	33,823	17,831	7,840	16,840
Financial income (expense)
-300	-1,400	-900	-1,400	-2,000	-1,762	-1,007	-1,006	-1,325	-2,221	-2,886	-2,094	-2,333	1,435	-570	-94	-1,317	689	-6,650	-2,500	3,920
Income before taxes
23,468	57,356	28,470	18,220	31,419	60,433	24,769	23,345	33,476	68,294	30,127	11,170	18,719	53,900	22,298	17,789	26,471	34,558	11,181	5,294	20,760
Provision for income taxes
7,040	15,882	7,913	5,683	10,018	18,299	6,821	8,638	12,386	15,927	7,858	3,665	4,201	13,161	7,574	4,450	7,944	-4,379	5,388	1,365	7,143
Net income
16,428	41,474	20,557	12,537	21,401	42,134	17,948	14,707	21,090	52,367	22,269	7,505	14,518	40,739	14,724	13,339	18,527	38,937	5,793	3,929	13,617
Net income available to shareholders of Criteo S.A.
15,459	42,024	18,778	10,823	19,120	37,966	17,143	13,726	19,809	53,028	19,774	5,970	12,442	39,402	13,539	12,200	17,131	37,935	5,096	3,540	12,982
Net income available to non-controlling interests
969	-550	1,779	1,714	2,281	4,168	805	981	1,281	-661	2,495	1,535	2,076	1,337	1,185	1,139	1,396	1,002	697	389	635
Net income allocated to shareholders of Criteo S.A. per share:
Basic (in USD per share)
0.25	0.65	0.29	0.17	0.30	0.56	0.26	0.21	0.30	0.82	0.30	0.09	0.19	0.63	0.21	0.19	0.27	0.61	0.08	0.06	0.21
Diluted (in USD per share)
0.25	0.65	0.28	0.16	0.29	0.57	0.25	0.20	0.29	0.78	0.29	0.09	0.18	0.59	0.21	0.19	0.26	0.58	0.08	0.05	0.20
Weighted average shares outstanding used in computing per share amounts:
Basic (in shares)
61,691	63,437	64,868	64,581	64,336	66,244	67,075	66,347	66,160	65,942	65,412	65,027	64,189	63,866	63,628	63,246	62,610	62,366	62,082	61,719	61,174
Diluted (in shares)
62,125	64,661	66,067	65,624	66,041	67,067	68,625	67,488	67,469	67,793	68,200	68,131	67,283	66,251	65,816	65,625	64,841	65,110	65,254	65,279	64,741