DOLBY LABORATORIES, INC. DLB Income Statement

Dolby laboratories, inc. (DLB)

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	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	Jun'09
Revenue:
Revenue
1,244,678	1,231,121	1,241,620	1,157,573	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products
-	-	-	-	-	-	-	-	-	96,434	-	96,526	94,595	93,945	90,543	90,570	92,528	95,450	83,904	72,425	62,800	54,378	59,219	65,636	70,046	73,209	80,603	88,233	92,984	102,486	103,388	106,602	112,865	111,984	131,611	141,024	165,280	178,772	180,402	161,937	0	0	0
Services
-	-	-	-	-	-	-	-	-	-	-	19,914	18,847	18,644	18,163	18,103	18,431	19,122	18,623	18,693	19,196	18,977	22,113	23,291	23,523	23,275	21,990	22,352	24,670	27,187	28,313	29,519	31,029	32,399	33,554	35,498	33,976	32,562	31,837	30,027	0	0	0
Total revenue
1,244,678	1,231,121	1,241,620	1,183,364	1,095,985	1,057,449	1,054,600	1,054,800	1,145,685	1,113,437	1,080,177	1,072,403	1,044,325	1,051,191	1,025,738	1,025,489	979,604	977,214	970,638	964,847	956,495	963,137	960,176	949,871	933,595	904,349	909,674	918,777	922,025	935,438	933,014	956,587	965,264	952,531	961,065	939,544	950,814	944,209	922,713	866,150	0	0	0
Cost of revenue:
Cost of services
-	-	-	-	-	-	-	-	-	-	-	16,824	16,223	15,727	15,796	15,266	14,869	14,297	13,447	13,523	13,637	13,982	14,230	14,554	14,952	15,150	15,593	15,042	14,634	13,620	12,778	12,528	12,436	12,437	12,223	12,560	12,449	13,258	13,961	13,800	0	0	0
Impairment of products provided under operating leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Total cost of revenue
159,795	159,540	160,854	146,153	140,846	135,298	127,562	125,763	123,505	119,455	118,529	119,291	111,787	109,183	108,982	104,137	104,396	105,172	94,816	81,859	75,848	68,204	70,176	81,247	86,718	92,496	96,719	100,222	96,913	97,222	92,027	90,675	97,577	102,442	111,171	111,872	123,995	125,161	131,815	125,222	0	0	0
Gross margin
1,084,883	1,071,581	1,080,766	1,037,211	955,139	922,151	927,038	929,037	1,022,180	993,982	961,648	953,112	932,538	942,008	916,756	921,352	875,208	872,042	875,822	882,988	880,647	894,933	890,000	868,624	846,877	811,853	812,955	818,555	825,112	838,216	840,987	865,912	867,687	850,089	849,894	827,672	826,819	819,048	790,898	740,928	0	0	0
Operating expenses:
Research and development
238,335	236,874	237,871	238,180	238,129	238,997	236,794	234,116	233,390	232,238	233,312	234,704	230,050	223,797	219,607	211,014	201,545	206,058	201,324	197,784	199,062	187,259	183,128	177,494	173,623	170,773	168,746	165,257	157,465	149,753	140,143	135,293	134,256	128,419	123,920	120,229	113,656	110,505	104,978	96,432	0	0	0
Sales and marketing
349,142	353,351	343,835	347,446	343,890	325,215	309,762	300,388	294,034	295,635	296,661	295,039	295,793	291,988	295,267	294,937	291,485	285,610	279,174	268,578	261,398	260,286	252,647	244,833	239,759	233,061	231,103	224,786	215,527	203,091	188,486	181,493	168,950	160,801	155,202	149,013	148,814	137,993	130,160	118,038	0	0	0
General and administrative
220,525	207,141	205,425	202,910	196,620	199,951	197,423	189,321	185,925	178,431	171,686	169,014	167,087	166,316	168,854	175,350	178,367	181,538	182,176	181,490	180,108	180,912	178,104	171,216	165,424	160,770	161,970	162,894	161,340	156,818	149,175	142,644	138,182	136,056	137,633	137,270	134,038	128,513	119,353	113,200	0	0	0
Restructuring charges/(credits)
36,870	37,219	36,558	30,264	-50	-235	-446	12,410	12,492	12,659	12,856	-10	1,245	0	-	0	0	-	-80	-249	-937	-851	2,403	2,557	9,175	9,089	5,874	5,928	-87	823	1,191	3,862	3,899	2,989	3,406	6,392	7,508	7,626	7,026	2,649	0	0	0
Total operating expenses
844,872	834,585	823,689	818,800	778,589	763,928	743,533	736,235	725,841	718,963	714,515	698,745	692,908	683,334	684,961	682,505	672,611	673,165	662,594	647,603	639,631	627,606	616,282	596,100	587,981	573,693	567,693	558,865	534,245	510,485	478,995	463,292	445,287	428,265	420,161	412,904	404,016	384,637	361,517	330,319	0	0	0
Operating income
240,011	236,996	257,077	218,411	176,550	158,223	183,505	192,802	296,339	275,019	247,133	254,367	239,630	258,674	231,795	238,847	202,597	198,877	213,228	235,385	241,016	267,327	273,718	272,524	258,896	238,160	245,262	259,690	290,867	327,731	361,992	402,620	422,400	421,824	429,733	414,768	422,803	434,411	429,381	410,609	0	0	0
Other income/expense:
Interest income
21,893	24,666	24,919	25,040	23,976	20,374	18,970	16,226	13,250	11,544	9,577	8,184	7,137	6,201	5,684	5,111	5,100	4,941	4,544	4,255	3,761	3,590	3,344	3,318	3,179	3,163	3,848	4,810	5,503	6,013	6,411	8,403	8,560	9,099	8,976	6,870	7,079	7,080	7,298	8,096	0	0	0
Interest expense
190	197	170	153	211	208	198	184	128	136	127	131	126	122	125	156	199	197	183	-524	-342	-280	-183	527	353	662	575	643	592	195	196	-648	-1,364	-1,284	-1,027	-208	874	901	703	776	0	0	0
Other income/(expense), net
1,570	1,042	481	611	-4,014	-4,308	-5,903	-5,331	-3,837	-2,391	-1,438	-1,454	-194	-677	-1,450	25,492	27,390	27,329	28,193	2,077	1,558	-1,483	-1,146	-1,010	-1,384	1,627	2,111	872	1,425	1,297	784	1,001	478	574	907	787	1,256	1,109	1,036	-520	0	0	0
Total other income
23,273	25,511	25,230	25,498	19,751	15,858	12,869	10,711	9,285	9,017	8,012	6,599	6,817	5,402	4,109	30,447	32,291	32,073	32,554	6,856	5,661	2,387	2,381	912	364	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
263,284	262,507	282,307	243,909	196,301	174,081	196,374	203,513	305,624	284,036	255,145	260,966	246,447	264,076	235,904	269,294	234,888	230,950	245,782	242,241	246,677	269,714	276,099	274,305	260,338	242,288	250,646	264,729	297,203	334,846	368,991	412,672	432,802	432,781	440,643	422,633	430,264	441,699	437,012	417,409	0	0	0
Provision for income taxes
42,502	56,802	26,802	5,462	-5,768	-19,736	154,069	161,443	190,627	183,662	48,039	56,400	54,300	55,111	49,502	60,056	53,561	58,636	62,542	59,554	59,283	64,303	67,379	65,863	61,957	58,217	60,344	68,466	80,036	91,601	103,857	120,295	129,784	135,598	130,061	128,012	134,002	141,600	154,185	146,392	0	0	0
Net income including controlling interest
220,837	205,738	255,505	238,424	202,046	193,821	42,305	42,070	114,997	100,374	207,106	204,566	192,147	208,965	186,402	209,238	181,327	172,314	183,240	182,687	187,394	205,411	208,720	208,442	198,381	184,071	190,302	196,263	217,167	243,245	265,134	292,377	303,018	297,183	310,582	294,621	296,262	300,099	282,827	271,017	0	0	0
Less: net income attributable to controlling interest
96	53	354	475	555	554	559	566	566	569	625	626	622	632	542	758	969	1,380	1,850	1,909	2,343	2,466	2,617	2,485	1,987	1,634	1,031	1,293	884	753	832	498	920	1,144	1,315	-586	-649	-649	-620	1,435	0	0	0
Net income attributable to Dolby Laboratories, Inc.
220,741	205,685	255,151	237,949	201,491	193,267	41,746	41,504	114,431	99,805	206,481	203,940	191,525	208,333	185,860	208,480	180,358	170,934	181,390	180,778	185,051	202,945	206,103	205,957	196,394	182,437	189,271	194,970	216,283	242,492	264,302	291,879	302,098	296,039	309,267	295,207	296,911	300,748	283,447	269,582	0	0	0
Net income per share:
Basic (in usd per share)
0.88	0.49	0.44	0.39	0.72	0.96	0.26	0.03	0.63	-0.52	0.25	0.75	0.50	0.53	0.24	0.63	0.67	0.31	0.45	0.35	0.57	0.40	0.45	0.39	0.74	0.44	0.45	0.30	0.61	0.50	0.51	0.48	0.81	0.67	0.73	0.55	0.73	0.77	0.58	0.56	0.75	0.61	0.45
Diluted (in usd per share)
0.86	0.47	0.43	0.38	0.70	0.93	0.27	0.03	0.61	-0.52	0.27	0.73	0.49	0.51	0.23	0.62	0.66	0.30	0.45	0.34	0.56	0.40	0.45	0.38	0.73	0.43	0.45	0.29	0.60	0.50	0.50	0.48	0.81	0.67	0.72	0.55	0.72	0.76	0.58	0.55	0.74	0.59	0.44
Weighted-average shares outstanding:
Basic (in shares)
100,854	100,336	100,480	101,218	102,141	102,677	103,349	103,836	103,771	102,552	101,961	101,905	101,787	101,483	101,145	100,533	100,456	100,734	101,934	102,670	102,509	102,303	102,212	102,350	102,292	101,750	101,766	101,751	101,638	102,361	104,077	106,328	108,415	108,884	110,107	111,494	112,140	112,035	112,484	113,254	113,985	114,085	113,261
Diluted (in shares)
102,773	103,078	103,854	103,717	104,587	106,130	111,409	106,950	107,001	102,552	101,163	104,222	103,883	103,876	103,533	102,677	101,555	101,931	103,164	104,105	103,904	104,275	103,460	103,942	103,934	103,192	101,918	103,031	102,680	103,523	104,349	107,202	109,170	109,443	110,808	112,349	113,346	113,713	114,137	115,282	115,995	116,138	115,528
Related party rent expense:
Included in operating expenses
14,860	15,550	16,360	15,653	3,563	3,579	3,483	3,368	3,135	3,144	3,142	3,141	3,135	3,098	3,097	3,093	3,130	3,129	3,136	3,151	2,976	2,567	2,125	1,678	2,532	2,529	2,526	2,523	1,372	1,372	1,372	1,372	1,372	1,372	1,372	1,372	1,372	1,372	1,372	1,407	0	0	0
Included in net income attributable to controlling interest
441	290	572	640	708	711	712	711	708	704	702	703	706	705	706	1,157	2,137	3,114	4,091	4,621	4,626	4,725	4,827	4,838	4,505	4,159	3,636	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, dividends declared (in dollars per share)
0.22	0.22	0.22	0.19	0.19	0.19	0.19	0.16	0.16	0.16	0.16	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Dividends, Per Share, Cash Paid
0.22	0.22	0.19	0.19	0.19	0.19	0.16	0.16	0.16	0.16	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party rent expense included in net income attributable to controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-
DLB_RelatedPartyRentInControllingInterest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Licensing
Revenue
1,123,241	1,104,684	1,107,280	1,057,183	969,057	930,884	940,777	939,520	1,033,855	1,003,337	965,864	0	0	0	-	-	-	862,642	868,111	873,729	874,499	889,782	878,844	860,944	840,026	807,865	807,081	808,192	804,371	805,765	801,313	820,466	821,370	808,148	795,900	763,022	751,558	732,875	710,474	674,186	0	0	0
Cost of revenue
55,645	58,476	57,531	51,364	50,185	44,721	42,583	41,681	42,281	40,467	39,329	0	0	0	-	-	-	13,931	10,879	7,297	10,339	10,294	10,814	15,446	15,110	17,777	16,856	16,943	15,782	12,676	12,924	13,316	14,519	16,987	17,620	18,110	17,734	17,500	17,565	16,644	0	0	0
Products and services
Revenue
121,437	126,437	134,340	131,318	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
104,150	101,064	103,323	94,789	90,661	90,577	84,979	96,905	89,543	83,114	79,200	64,357	63,545	63,535	64,853	66,756	72,685	76,944	70,490	61,039	51,872	43,928	45,132	51,247	56,656	59,569	64,270	68,237	66,497	70,926	66,325	64,831	70,622	73,018	81,328	81,202	84,218	84,809	90,695	85,184	0	0	0