COMMVAULT SYSTEMS INC CVLT Income Statement

Commvault systems inc (CVLT)

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Revenue from Contract with Customer [Abstract]
Total revenues
164,749	176,351	167,582	162,203	181,427	184,275	169,078	176,177	184,915	180,366	168,140	165,972	166,732	167,061	159,438	151,774	158,206	155,696	140,742	139,123	150,735	153,021	151,144	152,643	156,819	153,250	141,863	134,408	138,274	128,147	118,162	111,267	114,014	103,640	97,458	91,527	89,621	83,629	75,226	66,300	73,438	70,691	66,650	60,246
Cost of revenues:
Total cost of revenues
26,594	30,523	31,241	28,720	33,674	28,853	26,873	27,606	28,267	24,957	23,267	21,661	21,374	21,166	21,657	20,995	20,797	20,429	20,939	20,547	20,914	19,941	20,286	20,927	19,869	18,498	18,156	17,778	17,856	16,463	15,343	15,290	14,680	13,610	13,074	12,043	11,824	10,154	9,517	9,520	9,223	9,097	8,975	8,350
Gross Profit
138,155	145,828	136,341	133,483	147,753	155,422	142,205	148,571	156,648	155,409	144,873	144,311	145,358	145,895	137,781	130,779	137,409	135,267	119,803	118,576	129,821	133,080	130,858	131,716	136,950	134,752	123,707	116,630	120,418	111,684	102,819	95,977	99,334	90,030	84,384	79,484	77,797	73,475	65,709	56,780	64,215	61,594	57,675	51,896
Operating expenses:
Sales and marketing
82,877	84,563	80,960	87,385	88,586	94,392	89,494	97,616	105,117	105,106	100,595	99,909	99,954	97,053	94,195	92,731	86,182	91,393	85,842	85,782	86,047	85,925	83,697	80,311	75,589	73,367	67,147	67,201	71,062	64,547	55,700	56,387	61,901	56,142	51,224	49,758	44,792	43,877	38,559	35,826	36,557	35,256	34,578	30,382
Research and development
32,710	30,503	23,227	23,580	22,896	22,005	23,649	24,097	21,579	23,981	22,925	22,545	18,882	21,227	20,221	19,228	18,411	17,963	16,135	16,778	16,800	16,468	15,835	15,040	15,342	13,597	13,344	12,851	12,607	12,367	11,431	10,951	10,987	10,087	9,591	9,271	10,099	9,600	8,615	8,640	8,809	8,812	8,181	7,619
General and administrative
21,006	23,864	24,753	22,507	31,945	20,900	24,862	23,239	22,851	20,387	23,620	23,851	26,067	21,610	21,314	19,938	19,131	20,002	19,906	19,809	19,713	23,103	18,742	16,505	19,559	18,521	15,298	13,728	13,551	13,317	12,161	11,090	11,452	10,361	9,389	9,417	9,531	8,535	8,392	7,749	7,863	7,521	7,503	6,936
Restructuring
2,397	2,021	12,851	4,079	1,423	4,953	494	7,895	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
5,134	5,356	2,719	2,606	2,636	2,728	2,700	2,533	2,509	2,457	2,388	2,367	2,253	2,163	2,109	2,110	2,275	2,400	2,474	2,462	2,492	2,687	1,680	1,646	1,580	1,544	1,498	1,453	1,299	1,226	1,174	1,133	1,109	1,120	1,099	1,025	989	978	913	895	854	882	885	893
Total operating expenses
140,341	146,307	144,510	140,157	147,486	144,978	141,199	155,380	152,056	151,931	149,528	148,672	147,156	142,053	137,839	134,007	125,999	131,758	124,357	124,831	125,052	128,183	119,954	113,502	112,070	107,029	97,287	95,233	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from operations
-2,186	-479	-8,169	-6,674	267	10,444	1,006	-6,809	4,592	3,478	-4,655	-4,361	-1,798	3,842	-58	-3,228	11,410	3,509	-4,554	-6,255	4,769	4,897	10,904	18,214	24,880	27,723	26,420	21,397	21,899	20,227	22,353	16,416	13,885	12,320	13,081	10,013	12,386	10,485	9,230	3,670	10,132	9,123	6,528	6,066
Interest income
692	786	1,561	1,923	1,759	1,721	1,148	891	668	588	539	433	320	312	276	255	275	207	199	181	181	202	195	195	215	220	213	242	263	299	261	236	237	190	158	165	215	162	154	119	91	91	89	113
Interest expense
-	-	-	-	-	-	-	-	463	232	234	232	233	233	245	246	241	234	234	224	219	228	218	0	-	0	0	-	-	-	-	-	0	4	27	26	26	27	26	27	28	32	23	23
Income (Loss) from Equity Method Investments
-	-	-	-	-	-	-	-	-3,340	-158	-162	39	-414	-300	-158	-86	-83	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-1,494	307	-6,608	-4,751	2,026	12,165	2,154	-5,918	1,457	3,676	-4,512	-4,121	-2,125	3,621	-185	-3,305	11,361	3,482	-4,589	-6,298	4,731	4,871	10,881	18,409	25,095	27,943	26,633	21,639	22,162	20,526	22,614	16,652	14,122	12,506	13,212	10,152	12,575	10,620	9,358	3,762	10,195	9,182	6,594	6,156
Income Tax Expense (Benefit)
-10,429	957	476	2,095	4,189	-1,235	1,263	2,649	3,118	62,621	-3,502	-3,837	-2,322	1,662	-131	-695	3,983	-1,396	4,647	-4,998	1,379	1,798	4,385	5,680	9,438	10,352	9,279	8,177	5,177	8,326	8,715	6,527	4,280	5,346	5,313	3,113	7,740	3,368	3,939	264	4,383	3,742	1,876	3,721
Net Income (Loss) Attributable to Parent
8,935	-650	-7,084	-6,846	-2,163	13,400	891	-8,567	-1,661	-58,945	-1,010	-284	197	1,959	-54	-2,610	7,378	4,878	-9,236	-1,300	3,352	3,073	6,496	12,729	15,657	17,591	17,354	13,462	16,985	12,200	13,899	10,125	9,842	7,160	7,899	7,039	4,835	7,252	5,419	3,498	5,812	5,440	4,718	2,435
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.20	-0.01	-0.16	-0.15	-0.04	0.29	0.02	-0.19	-0.04	-1.30	-0.02	-0.01	0.01	0.04	0.00	-0.06	0.16	0.11	-0.20	-0.03	0.07	0.07	0.14	0.28	0.33	0.37	0.37	0.29	0.36	0.27	0.31	0.23	0.22	0.16	0.18	0.16	0.11	0.17	0.13	0.08	0.14	0.13	0.11	0.06
Diluted (in dollars per share)
0.20	-0.01	-0.16	-0.15	-0.04	0.28	0.02	-0.19	-0.04	-1.30	-0.02	-0.01	0.01	0.04	0.00	-0.06	0.17	0.10	-0.20	-0.03	0.06	0.07	0.14	0.27	0.32	0.35	0.35	0.27	0.35	0.25	0.29	0.21	0.21	0.15	0.17	0.15	0.09	0.16	0.12	0.08	0.12	0.12	0.11	0.06
Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
46,416	46,028	45,277	45,451	45,904	46,074	45,880	45,450	44,951	45,291	45,598	45,128	44,868	45,099	44,589	44,244	44,599	45,315	45,437	45,285	45,021	45,331	45,437	46,067	47,145	47,307	46,910	46,542	46,247	45,738	45,106	44,761	44,409	43,834	43,942	44,171	43,735	43,318	42,911	43,168	42,747	42,270	41,869	41,646
Weighted Average Number of Shares Outstanding, Diluted
46,416	46,028	45,277	45,451	49,799	47,357	47,798	45,450	44,951	45,291	45,598	45,128	42,852	47,115	44,589	44,244	48,657	46,577	45,437	45,285	46,871	46,976	47,166	47,875	49,635	49,899	49,745	49,289	49,359	48,564	47,815	47,582	47,870	46,791	46,875	47,268	47,196	46,209	45,701	46,098	46,144	45,485	44,695	43,764
Software and products
Total revenues
66,408	76,631	68,595	63,674	80,830	84,515	69,504	75,050	83,521	81,443	72,020	74,761	78,195	78,655	70,405	63,413	72,642	71,389	57,567	56,493	70,052	71,729	69,415	72,058	79,041	79,240	70,831	65,299	72,145	65,909	59,219	54,235	58,753	51,421	47,825	43,801	43,976	41,769	35,758	28,295	36,656	35,223	33,516	29,105
Total cost of revenues
5,144	8,077	8,831	6,030	10,429	6,093	5,049	4,120	4,098	1,234	1,086	805	739	772	773	761	790	530	528	537	608	587	657	590	620	677	636	655	765	776	644	678	696	795	639	617	583	628	602	556	704	724	848	741
Services
Total revenues
98,341	99,720	98,987	98,529	100,597	99,760	99,574	101,127	101,394	98,923	96,120	91,211	88,537	88,406	89,033	88,361	85,564	84,307	83,175	82,630	80,683	81,292	81,729	80,585	77,778	74,010	71,032	69,109	66,129	62,238	58,943	57,032	55,261	52,219	49,633	47,726	45,645	41,860	39,468	38,005	36,782	35,468	33,134	31,141
Total cost of revenues
21,450	22,446	22,410	22,690	23,245	22,760	21,824	23,486	24,169	23,723	22,181	20,856	20,635	20,394	20,884	20,234	20,007	19,899	20,411	20,010	20,306	19,354	19,629	20,337	19,249	17,821	17,520	17,123	17,091	15,687	14,699	14,612	13,984	12,815	12,435	11,426	11,241	9,526	8,915	8,964	8,519	8,373	8,127	7,609