Medidata solutions, inc. (MDSO)
Income statement / Quarterly
Jun'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'11Sep'10Jun'10
Revenues [Abstract]
Revenues

180,460

173,504

167,187

163,406

155,905

149,198

141,589

138,945

136,027

127,644

119,584

120,061

114,610

104,238

98,869

103,113

98,084

92,440

89,212

85,996

83,223

76,640

74,575

70,946

68,069

63,259

58,630

55,845

53,513

50,359

47,195

46,305

50,202

40,757

41,102

40,313

Cost of revenues:
Cost of revenues

49,602

46,003

43,129

42,227

37,501

36,302

32,705

31,554

31,920

30,614

29,656

29,228

29,057

24,668

21,908

22,793

22,911

22,176

22,152

20,995

20,974

20,799

18,598

17,262

16,920

17,129

16,373

15,899

15,775

14,615

12,884

13,503

13,356

13,088

13,208

12,819

Gross profit

130,858

127,501

124,058

121,179

118,404

112,896

108,884

107,391

104,107

97,030

89,928

90,833

85,553

79,570

76,961

80,320

75,173

70,264

67,060

65,001

62,249

55,841

55,977

53,684

51,149

46,130

42,257

39,946

37,738

35,744

34,311

32,802

36,846

27,669

27,894

27,494

Operating costs and expenses:
Research and development

48,475

46,489

43,851

40,626

40,789

37,522

36,536

36,207

35,884

29,937

28,072

28,028

28,267

28,228

23,697

24,192

22,519

21,911

18,980

17,677

17,311

17,789

14,062

13,130

12,105

11,905

10,454

11,239

10,628

9,955

8,057

7,306

7,043

7,162

6,450

6,680

Sales and marketing

44,388

43,396

39,647

38,329

37,106

36,861

31,437

29,996

32,479

30,226

25,069

27,789

27,609

25,458

27,230

25,881

25,724

24,318

21,274

21,004

20,425

20,732

20,150

15,445

16,253

14,489

12,946

12,147

12,263

10,383

9,628

8,788

9,784

7,947

7,493

7,927

General and administrative

36,090

32,634

29,525

28,105

27,672

25,187

23,552

23,701

23,083

23,988

20,812

20,089

18,531

19,246

16,359

19,143

21,943

20,569

16,827

17,865

17,373

17,046

23,281

15,633

13,955

12,644

9,607

9,721

9,159

9,290

9,534

9,140

9,296

9,086

7,905

8,479

Wire transaction recovery

-

-

-

0

-

-

-

4,770

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2014 wire transaction loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,880

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

128,953

122,519

113,023

107,060

105,567

99,570

91,525

85,134

91,446

84,151

73,953

75,906

74,407

72,932

67,286

69,216

70,186

66,798

57,985

61,426

55,109

55,567

57,493

44,208

42,313

39,038

33,007

33,107

32,050

29,628

33,519

25,234

26,123

24,195

21,848

23,086

Operating income

1,905

4,982

11,035

14,119

12,837

13,326

17,359

22,257

12,661

12,879

15,975

14,927

11,146

6,638

9,675

11,104

4,987

3,466

9,075

3,575

7,140

274

-1,516

9,476

8,836

7,092

9,250

6,839

5,688

6,116

792

7,568

10,723

3,474

6,046

4,408

Interest and other income (expense):
Interest expense

1,110

1,110

1,433

3,147

5,700

5,575

4,648

4,407

4,383

4,327

4,758

4,220

4,183

4,127

4,199

4,038

3,997

3,958

3,911

3,849

3,827

3,781

3,747

2,133

27

18

18

71

28

21

26

30

31

36

48

67

Interest income

599

945

891

2,128

2,328

2,088

1,687

1,531

1,328

1,171

1,573

1,005

932

872

914

739

612

534

534

465

420

395

311

109

59

76

84

65

60

71

66

64

75

88

95

100

Other income (expense), net

381

-28

-3

-389

7,729

-96

-66

-7

0

0

19

-7

3

-4

1

3

-34

-34

-2

0

-28

34

-54

-226

-10

154

51

-7

-10

0

-4

244

-30

28

25

164

Total interest and other expense, net

-130

-193

-545

-1,408

4,357

-3,583

-3,027

-2,883

-3,055

-3,156

-3,166

-3,222

-3,248

-3,259

-3,284

-3,296

-3,419

-3,458

-3,379

-3,384

-3,435

-3,352

-3,490

-2,250

22

212

117

-13

22

50

36

278

14

80

72

197

Income before income taxes

1,775

4,789

10,490

12,711

17,194

9,743

14,332

19,374

9,606

9,723

12,809

11,705

7,898

3,379

6,391

7,808

1,568

8

5,696

191

3,705

-3,078

-5,006

7,226

8,858

7,304

9,367

6,826

5,710

6,166

828

7,846

10,737

3,554

6,118

4,605

Provision for income taxes

-6,118

-6,356

-3,829

2,023

605

-582

-2,680

6,331

2,065

-257

2,943

4,347

1,688

-1,196

-425

3,127

55

-149

246

30

1,409

-1,263

-5,588

1,953

3,752

1,604

2,774

2,773

2,106

2,396

-17,905

364

740

368

1,454

1,640

Net Income (Loss) Attributable to Parent

7,893

11,145

14,319

10,688

16,589

10,325

17,012

13,043

7,541

9,980

9,866

7,358

6,210

4,575

6,816

4,681

1,513

157

5,450

161

2,296

-1,815

582

5,273

5,106

5,700

6,593

4,053

3,604

3,770

18,733

7,482

9,997

3,186

4,664

2,965

Earnings Per Share, Basic and Diluted [Abstract]
Earnings Per Share, Basic

0.13

0.19

0.24

0.18

0.29

0.18

0.30

0.23

0.13

0.18

0.18

0.13

0.11

0.08

0.13

0.09

0.03

0.00

0.11

0.00

0.04

-0.03

0.02

0.10

0.10

0.11

-0.10

0.16

0.15

0.16

-0.05

0.32

0.42

0.14

0.20

0.13

Earnings Per Share, Diluted

0.13

0.18

0.24

0.17

0.27

0.17

0.28

0.22

0.13

0.17

0.17

0.13

0.11

0.08

0.12

0.08

0.03

0.00

0.10

0.00

0.04

-0.03

0.01

0.10

0.09

0.11

-0.10

0.16

0.14

0.15

-0.04

0.31

0.40

0.13

0.20

0.13

Weighted Average Number of Shares Outstanding, Basic

60,081

59,693

59,317

58,680

57,448

57,055

56,733

56,654

56,433

56,072

55,787

55,670

55,392

55,119

54,031

53,933

53,647

53,257

52,906

52,772

52,457

52,109

51,702

51,448

50,850

50,240

123,172

24,773

24,406

24,017

141,821

23,752

23,571

23

23

22

Weighted Average Number of Shares Outstanding, Diluted

62,372

61,755

61,964

61,712

60,874

60,098

60,528

60,614

59,835

58,083

57,794

57,738

56,875

56,589

57,624

56,687

56,191

55,658

58,982

55,069

54,828

52,109

56,462

54,000

53,488

52,522

127,951

25,682

25,277

24,842

147,950

24,491

24,790

24

23

23

Share-based compensation and amortization of intangible assets:
Share-based Compensation

21,895

19,664

15,668

17,196

15,119

13,155

12,791

12,009

12,692

10,321

10,003

10,458

10,447

10,250

11,079

12,102

14,136

11,670

9,519

10,105

8,630

9,699

16,698

7,116

7,124

5,205

2,751

2,851

3,158

2,154

2,347

2,437

2,296

1,740

-

-

Total amortization of intangible assets

1,870

1,870

1,883

1,808

1,436

1,214

1,214

1,213

1,141

537

397

398

399

103

109

109

210

208

210

139

141

138

141

135

134

394

450

447

448

447

445

444

339

361

-

-

Subscription [Member]
Revenues

150,006

146,875

-

-

130,486

126,819

119,756

117,271

112,904

107,893

100,709

101,560

96,760

89,968

84,639

88,878

83,929

78,749

75,736

71,547

68,947

63,811

62,977

57,946

56,346

50,652

47,737

43,973

41,541

38,396

36,064

35,940

39,027

33,405

34,522

32,162

Cost of revenues

29,306

26,728

-

-

21,602

20,341

17,958

17,131

17,017

17,129

16,112

16,095

15,600

14,329

11,479

12,489

12,354

11,473

11,856

11,413

11,221

11,086

9,735

9,344

8,949

9,025

8,501

8,402

8,213

7,484

6,937

7,279

7,050

7,142

6,738

6,327

Professional services [Member]
Revenues

30,454

26,629

-

-

25,419

22,379

21,833

21,674

23,123

19,751

18,875

18,501

17,850

14,270

14,230

14,235

14,155

13,691

13,476

14,449

14,276

12,829

11,598

13,000

11,723

12,607

10,893

11,872

11,972

11,963

11,131

10,365

11,175

7,352

6,580

8,151

Cost of revenues

20,296

19,275

-

-

15,899

15,961

14,747

14,423

14,903

13,485

13,544

13,133

13,457

10,339

10,429

10,304

10,557

10,703

10,296

9,582

9,753

9,713

8,863

7,918

7,971

8,104

7,872

7,497

7,562

7,131

5,947

6,224

6,306

5,946

6,470

6,492

Cost of revenues
Share-based Compensation

2,871

2,383

-

-

1,506

1,268

-

1,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total amortization of intangible assets

1,365

1,364

-

-

1,205

1,094

-

1,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development
Share-based Compensation

5,005

4,249

-

-

3,319

2,854

-

3,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing
Share-based Compensation

6,046

5,426

-

-

2,917

2,644

-

1,864

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total amortization of intangible assets

505

506

-

-

231

120

-

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative
Share-based Compensation

7,973

7,606

-

-

7,377

6,389

-

5,521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-