K12 inc (LRN)
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'10
Revenues

257,154

257,559

257,121

256,314

253,252

254,872

251,314

238,874

232,864

217,211

228,785

215,758

222,533

221,090

228,785

221,319

221,340

208,811

221,230

235,655

244,623

231,304

236,712

232,046

235,222

223,919

228,366

203,087

218,009

206,028

221,096

170,402

178,175

166,500

193,330

128,268

130,293

129,002

134,871

Instructional costs and services

178,968

167,470

169,358

175,863

168,260

160,329

158,985

157,087

148,878

139,163

147,367

139,244

136,431

137,542

147,367

143,136

134,755

129,616

139,003

166,900

148,985

145,029

146,842

142,053

140,592

153,672

132,902

129,192

127,759

122,799

118,648

102,617

105,955

98,909

101,079

78,107

77,727

76,195

75,082

Gross margin

78,186

90,089

87,763

-

84,992

94,543

92,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general, and administrative expenses

63,687

59,784

107,151

75,207

61,725

61,253

106,081

69,939

62,267

61,958

96,282

68,791

69,828

62,352

96,282

76,606

64,888

61,440

99,270

80,756

64,871

62,557

99,546

74,847

64,414

75,753

98,244

66,206

65,828

61,379

89,619

60,970

53,619

52,925

77,760

52,324

36,763

35,177

50,498

Product development expenses

-

-

-

2,563

-

-

-

1,972

2,002

2,376

2,898

3,011

3,511

2,873

2,898

1,067

2,563

3,028

3,413

4,317

3,337

3,245

3,482

2,303

2,831

3,402

5,684

6,268

5,070

5,578

4,168

4,783

7,012

7,574

6,224

4,029

4,972

3,435

3,911

Total costs and expenses

-

-

-

253,633

-

-

-

228,998

213,147

203,497

246,547

211,046

209,770

202,767

246,547

220,809

202,206

194,084

241,686

251,973

217,193

210,831

249,870

219,203

207,837

232,827

236,830

201,666

198,657

189,756

212,435

168,370

166,586

159,408

185,063

134,460

119,462

114,807

129,491

Income from operations

14,499

30,305

-19,388

2,681

23,267

33,290

-13,752

9,876

19,717

13,714

-17,762

4,712

12,763

18,323

-17,762

510

19,134

14,727

-20,456

-16,318

27,430

20,473

-13,158

12,843

27,385

-8,908

-8,464

1,421

19,352

16,272

8,661

2,032

11,589

7,092

8,267

-6,192

10,831

14,195

5,380

Impairment of investment in Web International Education Group, Ltd.

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income (expense), net

-76

441

910

1,214

754

477

316

430

261

39

235

561

641

264

-

-21

-101

-190

-305

-3,158

-315

151

31

55

-12

-28

-84

1,657

-306

-272

-228

-267

-265

-236

-221

-237

-307

-366

-297

Other income (expense), net

-1,093

365

-8

154

556

-789

193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,404

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes and loss from equity method investments

13,330

31,111

-18,486

4,049

24,577

32,978

-13,243

10,306

19,978

13,753

-17,527

-4,727

13,404

18,587

-17,527

489

19,033

14,537

-20,761

-19,476

27,115

20,624

-13,127

19,302

27,373

-8,936

-8,548

3,078

19,046

16,000

8,433

1,765

11,324

6,856

8,046

-6,429

10,524

13,829

5,083

Income tax expense

4,419

10,392

-8,818

662

5,842

9,074

-5,058

959

6,935

564

-9,368

1,876

4,522

7,688

-9,368

822

5,368

6,653

-8,097

-6,901

10,586

8,663

-6,538

7,349

11,861

-4,685

-3,450

1,828

7,626

6,680

3,889

571

4,638

2,976

3,697

-2,968

5,260

6,119

2,931

Loss from equity method investments

-157

-125

-62

-70

-273

-192

-97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

9,347

13,043

13,189

-8,159

-6,603

8,882

10,899

-8,159

-333

13,665

7,884

-12,664

-12,575

16,529

11,961

-6,589

11,953

15,512

-4,251

-5,098

1,250

11,420

9,320

4,544

1,194

6,686

3,880

4,349

-3,461

5,264

7,710

2,152

Add net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

0

-27

-70

-103

-120

-233

-753

-103

649

-608

-654

129

-995

-484

-370

187

-403

-437

-586

-58

-1,018

-555

-191

187

-607

-291

-285

-251

-617

-335

-129

-46

Net income attributable to common stockholders

8,754

20,594

-9,730

3,317

18,462

23,712

-8,282

9,347

13,070

13,259

-8,056

-6,483

9,115

11,652

-8,056

-982

14,273

8,538

-12,793

-11,580

17,013

12,331

-6,776

12,356

15,949

-3,665

-5,040

2,268

11,975

9,511

4,357

1,801

6,977

4,165

4,600

-2,844

5,599

7,839

2,198

Net income attributable to common stockholders per share:
Basic (in dollars per share)

0.22

0.52

-

0.08

0.47

0.61

-

0.24

0.33

0.34

-

-0.17

0.24

0.31

-0.21

-0.03

0.38

0.23

-0.34

-0.31

0.46

0.33

0.18

0.32

0.40

-0.09

-0.13

0.06

0.31

0.24

0.11

0.05

0.18

0.11

0.12

-0.08

0.17

0.24

0.07

Diluted (in dollars per share)

0.22

0.52

-

0.08

0.44

0.59

-

0.23

0.32

0.33

-

-0.17

0.23

0.30

-0.21

-0.03

0.37

0.23

-0.34

-0.31

0.45

0.33

0.18

0.32

0.40

-0.09

-0.13

0.06

0.31

0.24

0.11

0.05

0.18

0.11

0.12

-0.08

0.16

0.23

0.07

Basic and diluted (in dollars per share)

-

-

-0.25

-

-

-

-0.22

-

-

-

-0.21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares used in computing per share amounts:
Basic and diluted (in shares)

-

-

39,288

-

-

-

38,434

-

-

-

39,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in shares)

39,539

39,450

-

39,135

39,008

38,816

-

39,031

39,644

39,347

39,108

38,757

38,376

38,104

39,108

37,768

37,692

37,559

37,433

37,318

37,211

37,096

37,695

38,540

39,596

39,977

37,868

36,642

36,283

36,118

36,029

35,952

35,876

35,755

35,629

34,460

30,958

30,565

30,343

Diluted (in shares)

39,938

39,973

-

41,667

41,753

40,325

-

39,976

40,766

40,685

39,108

38,757

39,328

39,007

39,108

37,768

38,999

37,680

37,433

37,318

37,408

37,160

37,695

38,742

39,596

39,977

37,868

39,475

39,033

38,868

38,779

38,723

38,663

38,726

38,704

34,460

31,758

31,128

30,805