Medpace holdings, inc. (MEDP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15
Revenue:
Revenue, net (includes $5.5 million and $5.1 million with related parties for the three months ended March 31, 2020 and 2019, respectively)

230,879

229,886

216,238

214,104

200,741

192,115

179,253

170,144

163,077

219,293

110,643

106,216

0

-

-

-

-

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

106,611

-

107,799

105,954

99,586

92,131

Operating expenses:
Direct service costs, excluding depreciation and amortization

88,795

85,484

81,086

79,327

75,109

67,945

62,520

61,478

60,341

55,569

53,144

51,955

51,105

51,074

51,221

49,234

46,981

41,763

Reimbursed out-of-pocket expenses

77,006

81,703

70,984

70,985

70,594

63,188

61,476

55,198

56,913

13,234

11,962

11,664

12,830

12,867

12,987

13,321

11,786

10,493

Total direct costs

165,801

167,187

152,070

150,312

145,703

131,133

123,996

116,676

117,254

68,803

65,106

63,619

63,935

-

-

-

-

-

Selling, general and administrative

25,124

21,261

29,120

23,556

21,308

20,569

18,606

20,507

15,999

16,842

16,606

14,755

15,154

16,783

16,391

14,824

13,509

15,295

Depreciation

2,453

2,365

2,062

1,982

1,991

2,317

2,343

2,226

2,314

2,132

2,237

2,101

2,130

1,919

1,915

1,793

1,773

1,611

Amortization

1,997

2,995

2,995

2,995

5,844

7,390

7,390

7,390

7,391

9,494

9,496

9,462

9,448

12,668

12,668

12,668

12,668

15,774

Total operating expenses

195,375

193,768

186,247

178,845

174,846

161,449

152,335

146,799

142,958

97,245

93,445

89,937

90,667

95,353

95,182

91,840

86,717

84,936

Income from operations

35,504

36,118

29,991

35,259

25,895

30,666

26,918

23,345

20,119

15,437

17,198

16,279

15,944

12,890

12,617

14,114

12,869

7,195

Other income (expense), net:
Miscellaneous income (expense), net

617

-289

-273

-19

-282

253

482

478

-153

288

-145

-125

-372

896

-378

-6

-935

50

Interest income (expense), net

357

388

-253

-748

-955

-1,599

-1,941

-2,308

-2,309

-2,051

-1,906

-1,808

-1,794

-2,834

-4,656

-5,921

-5,973

-6,737

Total other income (expense), net

974

99

-526

-767

-1,237

-1,346

-1,459

-1,830

-2,462

-1,763

-2,051

-1,933

-2,166

-12,664

-5,034

-5,927

-6,908

-6,687

Income before income taxes

36,478

36,217

29,465

34,492

24,658

29,320

25,459

21,515

17,657

13,674

15,147

14,346

13,778

226

7,583

8,187

5,961

508

Income tax provision

7,524

6,404

5,488

7,037

5,460

6,559

6,154

4,947

3,106

2,383

5,316

4,793

5,331

247

2,547

3,225

2,513

641

Net income

28,954

29,813

23,977

27,455

19,198

22,761

19,305

16,568

14,551

11,291

9,831

9,553

8,447

-21

5,036

4,962

3,448

-133

Net income per share attributable to common shareholders:
Basic

0.80

0.82

0.67

0.76

0.54

0.64

0.54

0.46

0.41

0.30

0.25

0.24

0.21

-0.02

0.14

0.15

0.11

0.00

Diluted

0.76

0.80

0.63

0.73

0.51

0.60

0.52

0.45

0.40

0.30

0.25

0.23

0.20

-0.02

0.13

0.15

0.11

0.00

Weighted average common shares outstanding:
Basic

36,024

36,048

35,939

35,839

35,698

35,614

35,569

35,519

35,486

36,793

38,579

40,183

40,669

40,381

37,118

32,636

32,625

31,430

Diluted

38,030

37,795

37,835

37,389

37,285

37,410

37,125

36,664

36,449

37,694

39,329

40,825

41,508

42,240

37,623

32,828

32,625

31,430

Direct Service Revenue
Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

93,781

95,376

94,812

92,633

87,800

81,638

Reimbursed Out of Pocket Revenue
Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

12,830

12,867

12,987

13,321

11,786

10,493