| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Revenues: | ||||||
Revenues | ||||||
77,486 | 60,148 | 42,711 | ||||
Operating Expenses: | ||||||
Employee compensation and benefits | ||||||
41,715 | 58,256 | 24,544 | ||||
General and administrative expenses | ||||||
19,042 | 13,060 | 8,597 | ||||
Bad debts | ||||||
725 | 1,298 | 1,083 | ||||
Depreciation and amortization | ||||||
1,931 | 1,464 | 876 | ||||
Total operating expenses | ||||||
63,413 | 74,078 | 35,100 | ||||
Income from operations | ||||||
14,073 | -13,930 | 7,611 | ||||
Other Income (Expense): | ||||||
Other income | ||||||
0 | -22 | 3,541 | ||||
Interest expense | ||||||
2,387 | 4,266 | 2,474 | ||||
Income (loss) before taxes | ||||||
11,686 | -18,218 | 8,678 | ||||
Tax expense (benefit) | ||||||
1,304 | 449 | 0 | ||||
Net income (loss) | ||||||
10,382 | -18,667 | 8,678 | ||||
Less: net income (loss) attributable to non-controlling interests | ||||||
6,815 | -9,764 | 8,678 | ||||
Net income (loss) attributable to Goosehead Insurance, Inc. | ||||||
3,567 | -8,903 | 0 | ||||
Earnings (loss) per share: | ||||||
Basic (in dollars per share) | ||||||
0.24 | -0.66 | - | ||||
Diluted (in dollars per share) | ||||||
0.22 | -0.66 | - | ||||
Weighted average shares of Class A common stock outstanding | ||||||
Basic (in shares) | ||||||
14,864 | 13,554 | - | ||||
Diluted (in shares) | ||||||
16,100 | 13,554 | - | ||||
Tax expense | ||||||
1,304 | 449 | 0 | ||||
Basic Earnings Per Share, Pro Forma | ||||||
- | - | 0.18 | ||||
Diluted Earnings Per Share Pro Forma | ||||||
- | - | 0.17 | ||||
Weighted Average Basic Shares Outstanding, Pro Forma | ||||||
- | - | 13,554 | ||||
Pro Forma Weighted Average Shares Outstanding, Diluted | ||||||
- | - | 14,573 | ||||
Commissions and agency fees | ||||||
Revenues | ||||||
46,366 | 36,704 | 27,030 | ||||
Franchise revenues | ||||||
Revenues | ||||||
30,503 | 23,022 | 15,438 | ||||
Interest income | ||||||
Revenues | ||||||
617 | 422 | 243 | ||||
Pro Forma | ||||||
Income Tax Expense (Benefit) | ||||||
- | - | 811 | ||||
Net Income (Loss) Before Income Taxes, Attributable To Parent | ||||||
- | - | 3,242 | ||||
Unaudited Pro forma net income attributable to Goosehead Insurance, Inc. | ||||||
- | - | 2,431 | ||||