DAILY JOURNAL CORPORATION DJCO Income Statement

Daily journal corporation (DJCO)

Income statement / TTM

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	Aug'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	Mar'10
Revenue
Revenues
51,548	49,904	48,655	45,764	42,253	40,879	40,703	40,798	40,070	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	9,843	-	9,930	9,916	10,119	10,502	10,769	11,044	11,291	-	11,435	11,793	12,434	13,075	14,472	15,915	17,195	18,634	19,221	19,586	19,960	20,399	21,337	22,375	0	0	0
Circulation
-	-	-	-	-	-	-	-	-	-	-	-	-	5,855	-	5,917	5,895	5,897	5,915	5,949	6,006	6,022	-	6,038	6,072	6,144	6,252	6,346	6,391	6,447	6,493	6,530	6,617	6,682	6,694	6,767	6,800	0	0	0
Advertising service fees and other
-	-	-	-	-	-	-	-	-	-	-	-	-	2,639	-	2,680	2,662	2,668	2,703	2,730	2,798	2,809	-	2,800	2,895	2,810	2,872	3,012	3,141	3,225	3,312	3,205	3,103	3,161	3,167	3,428	3,625	0	0	0
Licensing and maintenance fees
-	-	-	-	-	-	-	-	-	-	-	-	-	15,077	-	14,665	14,301	13,874	13,984	14,421	14,281	13,736	-	12,987	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Consulting fees
-	-	-	-	-	-	-	-	-	-	-	-	-	3,557	-	5,091	5,134	4,888	4,704	4,688	5,086	4,777	-	4,002	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other public service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	3,816	-	5,081	5,612	6,024	6,170	6,150	6,144	6,160	-	6,161	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Information systems and services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,956	2,827	2,878	2,981	3,037	0	0	0

-	-	-	-	-	-	-	-	-	-	-	-	-	40,787	-	43,364	43,520	43,470	43,978	44,707	45,359	44,795	-	43,423	42,951	41,009	39,934	37,676	34,407	33,334	31,647	31,874	32,262	32,630	33,138	34,513	35,837	0	0	0
Costs and expenses
Salaries and employee benefits
36,133	35,246	35,014	34,766	34,526	34,290	33,832	33,112	32,763	32,305	31,749	30,708	29,442	28,374	27,381	26,807	26,304	26,046	26,010	25,970	25,788	25,375	-	25,262	23,737	22,737	21,531	19,236	17,809	16,100	14,477	13,592	13,368	13,316	13,343	13,473	14,473	0	0	0
Outside services
3,699	3,789	3,874	4,037	4,199	4,193	4,287	4,252	4,762	4,611	4,552	4,322	4,119	3,845	3,729	3,605	3,519	3,541	3,524	3,312	3,307	3,273	-	3,212	3,253	3,193	3,137	3,086	2,965	2,958	2,987	2,956	3,125	3,144	3,109	3,168	3,028	0	0	0
Postage and delivery expenses
830	844	838	834	833	844	857	916	982	1,051	1,112	1,130	1,126	1,133	1,141	1,185	1,252	1,272	1,318	1,310	1,299	1,292	-	1,281	1,283	1,294	1,307	1,328	1,341	1,355	1,372	1,375	1,393	1,403	1,413	1,437	1,459	0	0	0
Newsprint and printing expenses
736	729	727	739	739	744	780	803	841	880	877	896	915	904	912	969	1,061	1,100	1,225	1,208	1,241	1,234	-	1,221	1,255	1,266	1,291	1,307	1,298	1,279	1,309	1,321	1,352	1,346	1,382	1,382	1,425	0	0	0
Depreciation and amortization
542	564	589	1,100	1,864	2,613	3,678	4,404	4,922	5,412	5,586	5,625	5,647	5,686	5,709	5,726	5,647	5,586	5,531	5,475	5,494	5,512	-	5,516	5,031	4,281	3,516	2,441	1,676	1,167	673	503	498	496	518	535	551	0	0	0
Equipment maintenance and software
1,589	1,495	1,516	1,472	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit card merchant discount fees
1,534	1,521	1,409	1,277	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rent expenses
844	931	1,017	985	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounting and legal fees
1,264	1,458	1,605	1,780	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other general and administrative expenses
6,625	7,148	6,890	5,371	5,130	5,274	6,546	5,337	6,012	6,956	6,485	9,878	9,596	9,376	9,380	9,432	9,460	10,038	9,882	10,043	9,960	9,391	-	9,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses, Total
67,196	67,125	66,879	53,365	53,687	54,015	54,763	55,453	55,571	55,405	54,551	52,559	50,845	49,318	48,252	47,724	47,243	47,583	47,490	47,318	47,089	46,077	45,613	-	63,820	53,871	44,030	33,887	0	0	0	-	3,419	3,448	3,498	3,716	3,765	0	0	0

-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	23,155	23,153	23,263	23,711	24,701	0	0	0
Loss from operations
-15,648	-17,221	-18,224	-7,601	-11,434	-13,136	-14,060	-13,942	-14,866	-13,759	-13,167	-13,072	-11,221	-8,531	-6,640	-4,360	-3,723	-4,113	-3,512	-2,611	-1,730	-1,282	-	-2,190	-546	164	1,819	3,789	4,288	6,076	7,123	8,682	9,107	9,477	9,875	10,802	11,136	0	0	0
Other income (expense)
Dividends and interest income
5,686	5,530	5,380	5,125	4,972	4,855	4,808	5,075	4,812	5,156	4,844	4,563	4,888	4,353	4,085	3,977	3,877	3,904	3,829	3,765	3,413	3,175	-	3,001	2,810	2,711	2,628	2,541	2,348	2,230	2,208	1,967	1,814	1,532	1,348	1,233	1,080	0	0	0
Other income
0	0	-	-	0	0	-	-	-	-	34	40	52	60	61	56	63	63	65	75	78	89	-	97	95	85	76	54	0	0	0	-	-	-	-	-	-	-	-	-
Gain on sale of bonds
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income and capital gains
-	-	-	0	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized (losses) gains on investments
-55,252	30,456	-17,715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense on note payable collateralized by real estate and others
-	-	-	-	-	-	-	-	-	-	100	-656	-630	97	112	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital gains on sales of marketable securities and others
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income before income taxes
-66,057	17,864	-31,476	-24,886	-32,011	-39,078	-11,339	-6,335	-7,469	-8,398	-8,068	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and penalty expenses accrued for uncertain and unrecognized tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	0	-	0	0	0	-	0	0	-	36	36	0	0	0
Interest expense accrued for uncertain and unrecognized tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of capital assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Other-than-temporary impairment losses on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Gains on sales of capital assets/investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Loss before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,126	-530	-853	-310	915	955	1,199	-	141	-81	1,067	2,655	4,569	6,644	5,466	6,579	7,901	8,126	11,064	11,197	12,000	12,181	0	0	0
Benefit from (provision for) income taxes
-15,240	7,337	-6,260	-6,860	-9,190	-11,007	-19,540	-18,795	-19,550	-23,690	-7,150	-7,425	-6,245	-2,060	-1,935	-885	-660	-1,280	-1,120	-1,235	-1,200	-505	-	-490	-500	-140	350	790	2,250	1,690	1,910	2,360	2,245	3,500	3,835	4,160	4,420	0	0	0
Net (loss) income
-50,817	10,527	-25,216	-18,026	-22,821	-28,071	8,201	12,460	12,081	15,292	-918	-805	208	-2,564	-1,043	-241	130	427	810	2,150	2,155	1,704	-	631	419	1,207	2,305	3,779	4,394	3,776	4,669	5,541	5,881	7,564	7,362	7,840	7,761	0	0	0
Weighted average number of common shares outstanding - basic and diluted (in shares)
1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	-	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	1,380	-	1,380	-	-	-
Weighted average number of common shares outstanding - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Basic and diluted net (loss) income per share (in dollars per share)
-40.79	10.29	-9.06	2.77	3.63	-15.60	-3.86	-0.70	-0.17	10.67	-0.77	-0.98	2.16	-1.07	-0.70	-0.25	0.15	0.04	-0.11	0.02	0.37	0.31	-	0.85	0.03	0.04	-0.46	0.71	0.60	0.83	0.60	1.14	0.15	1.48	1.24	1.40	1.37	1.33	1.58	1.34
Net unrealized losses on investments
-55,252	30,456	-17,715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
-66,057	17,864	-31,476	-19,354	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income (loss) per share (in dollars per share)
-40.79	10.29	-9.06	2.77	3.63	-15.60	-	-0.70	-0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-50,817	10,527	-25,216	-18,026	-22,821	-28,071	8,201	12,460	12,081	15,292	-918	-805	208	-2,564	-1,043	-241	130	427	810	2,150	2,155	1,704	-	631	419	1,207	2,305	3,779	4,394	3,776	4,669	5,541	5,881	7,564	7,362	7,840	7,761	0	0	0
Net change in unrealized appreciation of investments (net of taxes of $0 for fiscal 2019, net of tax benefits of $1,258,000 for fiscal 2018 and net of taxes of $22,300,000 for fiscal 2017)
-	-	-	-	-	-	-5,823	2,045	13,916	32,415	35,316	27,054	21,574	6,878	-2,214	-14,997	-8,498	758	-8,811	5,049	-917	10,552	-	22,393	23,667	29,243	22,294	21,292	17,457	9,160	18,363	15,085	9,261	13,722	0	-	0	0	-	-
Other-than-temporary impairment losses recognized in net income (net of taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Comprehensive (loss) income
-50,817	10,527	-25,216	-11,143	-23,551	-42,662	5,728	14,505	25,997	47,707	34,398	26,249	21,782	4,314	-3,257	-15,008	-8,138	1,415	-7,771	7,199	1,238	12,256	-	23,024	25,137	31,501	25,650	26,122	21,851	14,656	24,752	22,346	16,830	21,205	0	-	0	0	-	-
Advertising [Member]
Revenues
8,950	9,066	9,132	9,165	9,087	9,188	9,112	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subscription and Circulation [Member]
Revenues
5,236	5,223	5,249	5,266	5,293	5,376	5,401	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising Service Fees and Other [Member]
Revenues
2,767	2,737	2,712	2,702	2,691	2,726	2,659	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License and Maintenance [Member]
Revenues
21,464	20,599	20,179	19,382	18,324	17,665	17,225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consulting Fees [Member]
Revenues
6,517	5,687	5,539	4,252	2,565	2,378	2,832	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service, Other [Member]
Revenues
6,614	6,592	5,844	4,997	4,293	3,546	3,474	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt
0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Margin Account [Member]
Interest expense on debt
774	840	862	869	791	721	651	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-