Nic inc (EGOV)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Revenues:
Revenues

91,119

87,074

90,385

91,566

85,180

78,649

87,028

92,498

86,725

83,472

84,533

85,326

83,177

78,342

80,373

80,810

78,390

71,158

75,046

75,812

70,358

66,017

69,527

71,153

65,397

60,786

61,329

65,937

61,224

56,241

53,206

51,981

48,743

45,052

46,688

46,423

42,733

40,819

41,720

40,737

38,256

Operating expenses:
Selling & administrative

8,064

8,727

8,153

8,356

9,964

8,462

8,514

8,268

7,503

13,898

12,091

13,131

11,660

12,880

11,676

11,165

11,342

11,165

10,576

10,818

10,537

9,490

10,396

9,840

9,208

9,872

9,489

8,981

8,537

8,315

8,218

8,382

7,935

7,350

6,275

8,419

6,685

6,016

6,503

8,102

7,303

Enterprise technology & product support

7,254

-

6,743

6,745

6,445

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition-related intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

80

80

80

80

80

80

80

Depreciation & amortization

3,482

3,535

3,524

3,130

2,421

2,466

2,441

2,145

2,065

1,818

1,810

1,688

1,613

1,675

1,674

1,736

1,664

1,673

2,116

2,303

2,292

2,357

2,292

2,277

2,249

2,112

2,144

2,049

2,026

2,069

1,657

1,400

1,391

1,214

1,167

1,109

1,084

1,048

1,108

1,114

1,082

Total operating expenses

75,795

75,330

72,414

73,837

70,205

66,080

67,581

70,094

66,085

66,049

64,447

65,607

62,068

61,569

59,985

60,469

58,034

57,093

55,115

57,258

55,613

53,091

53,067

52,912

50,011

49,791

53,211

48,196

45,520

43,854

42,750

41,341

39,034

35,432

35,708

36,981

34,268

32,786

32,472

34,186

32,690

Operating income (loss)

15,324

-

17,972

17,729

14,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,386

10,456

10,640

9,708

9,620

10,979

9,442

8,464

8,032

9,247

6,551

5,566

Other income:
Income before income taxes

-

12,348

18,700

18,306

-

12,975

19,600

22,461

20,640

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

389

604

729

577

604

406

153

57

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

15,713

11,744

17,971

17,729

15,579

12,569

19,447

22,404

20,640

17,423

20,086

19,719

21,109

16,773

20,388

20,341

20,356

14,064

19,930

18,554

14,744

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax provision

3,850

2,390

4,190

3,846

4,077

3,127

3,698

5,450

5,132

6,583

6,066

6,950

7,124

3,130

4,153

7,280

7,462

5,080

7,180

7,250

5,803

4,634

6,098

7,213

6,010

4,814

3,025

6,933

5,747

3,748

4,461

4,546

4,079

4,068

4,139

3,910

3,412

2,964

3,196

2,620

2,244

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

0

-0

-0

-28

-9

0

3

-9

0

-1

0

Net income

11,863

9,958

14,510

14,460

11,502

9,848

15,902

17,011

15,508

10,840

14,020

12,769

13,985

13,643

16,235

13,061

12,894

8,983

12,750

11,303

8,940

8,292

10,361

11,028

9,376

6,180

5,092

10,807

9,956

8,622

5,994

6,093

5,627

5,523

6,831

5,533

5,054

5,058

6,052

3,929

3,322

Operating income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,994

8,118

17,740

15,704

12,371

10,456

10,640

9,707

9,591

10,970

9,443

8,467

8,022

9,248

6,550

5,567

Basic net income per share (in usd per share)

0.18

0.15

0.21

0.21

0.17

0.15

0.24

0.25

0.23

0.16

0.21

0.19

0.21

0.20

0.24

0.20

0.19

0.13

0.19

0.17

0.14

0.12

0.16

0.17

0.14

0.09

0.08

0.16

0.15

0.13

0.09

0.09

0.09

0.08

0.11

0.09

0.08

0.08

0.09

0.06

0.05

Diluted net income per share (in usd per share)

0.18

0.15

0.21

0.21

0.17

0.15

0.24

0.25

0.23

0.16

0.21

0.19

0.21

0.20

0.24

0.20

0.19

0.13

0.19

0.17

0.14

0.12

0.16

0.17

0.14

0.09

0.08

0.16

0.15

0.13

0.09

0.09

0.09

0.08

0.11

0.09

0.08

0.08

0.09

0.06

0.05

Weighted average shares outstanding:
Basic (in shares)

66,987

66,967

66,960

66,940

66,670

66,569

66,562

66,541

66,323

66,270

66,267

66,248

66,046

65,981

65,978

65,953

65,739

65,621

65,617

65,587

65,387

65,301

65,287

65,244

65,056

64,991

64,961

64,889

64,709

64,627

64,585

64,488

64,296

64,176

64,120

63,997

63,771

63,696

63,608

63,468

63,267

Diluted (in shares)

66,987

66,967

66,960

66,940

66,670

66,641

66,598

66,561

66,323

66,334

66,267

66,248

66,046

66,041

66,005

65,967

65,739

65,715

65,636

65,587

65,387

65,363

65,287

65,244

65,056

65,060

64,968

64,889

64,709

64,696

64,603

64,488

64,296

64,324

64,199

64,060

63,831

63,884

63,678

63,528

63,339

State enterprise
Revenues

74,411

79,532

81,084

82,829

69,853

72,354

80,884

86,555

80,791

78,345

76,434

79,374

77,198

73,291

74,997

75,513

73,197

66,435

70,122

71,030

65,913

62,148

65,304

66,807

61,482

57,325

57,721

62,093

58,042

53,462

50,197

49,042

45,711

42,288

43,850

43,783

40,355

38,744

39,763

39,481

37,186

Cost of revenues, exclusive of depreciation & amortization

46,271

52,354

50,408

52,277

41,978

46,412

48,224

51,711

48,642

48,154

47,377

49,009

47,032

45,409

45,140

46,123

43,615

42,798

41,057

42,815

41,494

39,984

39,090

39,550

37,559

36,616

40,640

35,938

33,812

32,473

31,794

30,549

28,750

25,824

27,122

26,362

25,420

24,685

23,686

23,884

23,295

Software & services
Revenues

16,708

7,542

9,301

8,737

15,327

6,295

6,144

5,943

5,934

5,127

8,099

5,952

5,979

5,051

5,376

5,297

5,193

4,723

4,924

4,781

4,444

3,869

4,222

4,345

3,915

3,460

3,608

3,844

3,182

2,778

3,008

2,939

3,031

2,764

2,838

2,640

2,378

2,074

1,956

1,256

1,070

Cost of revenues, exclusive of depreciation & amortization

10,724

3,797

3,586

3,329

9,397

2,354

2,226

2,235

2,228

2,179

3,169

1,779

1,763

1,605

1,495

1,445

1,413

1,456

1,364

1,321

1,289

1,258

1,287

1,244

993

1,190

936

1,227

1,143

996

1,079

1,008

957

962

1,062

1,008

996

955

1,093

1,002

928