Fitbit, inc. (FIT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13
Revenue

1,434,788

1,511,983

1,615,519

2,169,461

1,857,998

745,433

271,087

Cost of revenue

1,007,116

908,404

924,618

1,323,577

956,935

387,776

210,836

Gross profit

427,672

603,579

690,901

845,884

901,063

357,657

60,251

Operating expenses:
Research and development

300,354

332,169

343,012

320,191

150,035

54,167

27,873

Sales and marketing

329,800

344,091

415,042

491,255

332,741

112,005

26,847

General and administrative

118,231

116,627

133,934

146,903

77,793

33,556

14,485

Change in contingent consideration

-

-

-

-

-7,704

0

0

Total operating expenses

748,385

792,887

891,988

958,349

552,865

199,728

69,205

Operating loss

-320,713

-189,308

-201,087

-112,465

348,198

157,929

-8,954

Interest income, net

10,291

7,808

3,647

3,156

-1,019

-2,222

-1,082

Other income (expense), net

1,357

-2,642

2,796

14

-59,230

-15,934

-3,649

Loss before income taxes

-309,065

-184,142

-194,644

-109,295

287,949

139,773

-13,685

Income tax expense (benefit)

11,600

1,687

82,548

-6,518

112,272

7,996

37,937

Net income (loss)

-320,711

-185,829

-277,192

-102,777

175,677

131,777

-51,622

Less: noncumulative dividends to preferred stockholders

-

-

-

-

2,526

5,326

0

Less: undistributed earnings to participating securities

-

-

-

-

59,133

98,103

0

Net income (loss) attributable to common stockholdersbasic

-

-

-

-

114,018

28,348

-51,622

Add: adjustments for undistributed earnings to participating securities

-

-

-

-

-8,821

10,175

0

Net income (loss) attributable to common stockholdersdiluted

-

-

-

-

122,839

38,523

-51,622

Net income (loss) per share:
Basic (in dollars per share)

-1.25

-0.76

-1.19

-0.47

0.88

0.70

-1.32

Diluted (in dollars per share)

-1.25

-0.76

-1.19

-0.47

0.75

0.63

-1.32

Shares used to compute net income (loss) per share:
Basic (in shares)

257,500

244,603

232,032

220,405

129,886

40,351

39,179

Diluted (in shares)

257,500

244,603

232,032

220,405

164,213

61,179

39,179