Mistras Group, Inc. MG Income Statement

Mistras group, inc. (MG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Nov'16	Sep'16	Aug'16	Jun'16	May'16	Mar'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10
Revenue
731,264	748,586	750,357	740,334	731,511	742,354	741,162	729,432	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
500,396	509,489	510,981	512,824	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	464,404	434,147	410,358	394,035	373,183	351,341	330,352	308,702	0	0	0
Products and systems
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	47,463	48,177	48,457	42,840	38,731	35,668	31,274	29,887	0	0	0
Revenue
-	-	-	-	-	-	-	-	-	-	-	-	686,743	-	683,780	0	701,924	713,334	-	0	709,680	712,425	724,532	711,252	715,693	704,320	654,182	623,447	588,825	570,759	551,733	529,282	511,867	482,324	458,815	436,875	411,914	387,009	361,626	338,589	0	0	0
Cost of revenue
-	-	-	-	-	-	-	-	511,023	-	479,357	466,022	467,758	-	470,986	0	484,492	495,394	494,911	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
21,801	21,800	21,715	22,110	22,254	22,456	22,258	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	-	0	0	0	-	364,568	339,647	322,828	307,185	287,475	269,557	251,581	235,186	0	0	0
Cost of services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	326,175	301,302	285,305	271,676	256,028	240,388	225,008	209,512	0	0	0
Cost of products and systems sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	20,868	21,579	21,310	19,940	16,758	14,980	12,831	12,468	0	0	0
Depreciation related to services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	16,855	16,150	15,582	14,929	13,963	13,510	13,090	12,576	0	0	0
Depreciation
-	-	-	-	-	-	-	-	-	-	-	21,192	21,674	-	21,700	0	21,489	0	21,262	0	20,966	20,787	20,560	20,238	23,519	23,038	22,408	17,809	26,344	22,069	17,956	17,866	670	616	631	640	726	679	652	630	0	0	0
Gross profit
209,067	217,297	219,028	213,591	208,603	207,874	205,879	201,444	192,704	187,712	189,469	191,628	197,285	0	196,941	0	201,790	0	203,008	0	195,974	191,899	194,013	184,733	186,156	186,722	175,660	172,943	165,097	160,003	153,931	148,371	147,299	142,677	135,987	129,690	124,439	117,452	110,045	103,403	0	0	0
Selling, general and administrative expenses
168,416	168,621	169,484	169,087	168,431	165,702	160,565	156,851	153,557	151,825	149,741	146,802	146,467	-	142,912	0	140,671	0	141,229	0	142,411	141,422	144,594	143,978	138,506	137,542	130,211	123,690	118,071	113,486	106,999	101,792	97,596	91,193	87,209	83,098	78,449	73,648	69,885	65,983	0	0	0
Bad debt provision for troubled customers, net of recoveries
-2,453	3,038	3,448	3,448	6,141	650	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension withdrawal expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension withdrawal expense (benefit)
-	-	0	0	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of subsidiary
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research and engineering
3,012	3,045	3,157	3,252	3,411	3,310	2,936	2,746	2,385	2,272	2,330	2,407	2,479	-	2,513	0	2,534	0	2,523	0	2,498	2,465	2,493	2,521	2,731	2,844	3,001	2,995	2,832	2,829	2,573	2,447	2,091	1,915	1,987	2,059	2,281	2,217	2,184	2,150	0	0	0
Depreciation and amortization
16,531	16,733	15,502	14,333	13,179	11,957	11,345	11,163	10,811	10,363	10,395	10,254	10,508	-	10,748	0	11,028	0	11,212	0	11,395	11,757	12,407	13,048	12,889	12,556	11,585	10,620	9,975	9,677	9,343	8,781	8,203	7,535	6,871	6,455	6,284	5,864	5,687	5,386	0	0	0
Acquisition-related expense (benefit), net
-120	875	2,645	2,894	1,979	532	-71	-536	32	482	-393	249	-320	-	109	0	-163	0	-1,453	0	-3,216	-4,743	-5,102	-5,167	-4,164	-1,544	-1,521	-2,657	-2,665	-4,855	-4,345	-2,141	-33	840	0	-	0	0	-	-	-	-	-
Litigation charges
-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	273	0	0	0
Loss from operations
-82,695	24,137	24,303	16,541	11,426	22,221	26,002	12,610	7,309	4,160	10,386	31,916	31,831	0	34,339	0	41,400	0	43,177	0	42,886	40,998	39,621	30,353	36,194	35,324	32,384	38,295	26,946	28,928	29,423	27,554	39,069	39,509	37,833	36,098	36,869	36,140	32,266	29,611	0	0	0
Interest expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	0	0	-	-	0	0	0	-	4,042	3,781	3,106	-	3,211	0	3,618	4,720	-	0	0	0	0	-	0	0	0	-	0	0	0	-	3,094	2,902	3,231	3,132	3,312	3,218	2,744	2,773	0	0	0
Gain on extinguishment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Loss before provision (benefit) for income taxes
-95,655	10,439	11,869	5,172	1,741	14,271	19,149	6,570	2,149	-226	6,344	28,135	28,683	-	31,086	0	37,740	0	38,415	0	37,302	35,376	33,982	25,731	31,893	31,392	29,032	35,103	23,807	25,699	26,150	24,266	36,759	37,278	35,273	33,637	33,444	32,922	29,522	26,838	0	0	0
Benefit for income taxes
-8,499	4,359	7,689	5,089	3,101	7,426	10,371	3,735	3,096	1,942	2,085	10,314	10,308	-	10,808	0	13,328	0	13,765	0	13,284	13,191	12,815	9,740	11,610	11,653	10,421	12,528	12,253	12,618	13,167	12,627	13,368	13,567	12,830	12,291	12,612	12,754	11,564	10,502	0	0	0
Net loss
-87,156	6,080	4,180	83	-1,360	6,845	8,778	2,835	-947	-2,168	4,259	17,821	18,375	-	20,278	0	24,412	0	24,650	0	24,018	22,185	21,167	15,991	20,283	19,739	18,611	22,575	11,554	13,081	12,983	11,639	23,391	23,711	22,443	21,346	20,832	20,168	17,958	16,336	0	0	0
Less: Net income (loss) attributable to non-controlling interests, net of taxes
0	20	9	16	4	9	-2	12	13	7	48	46	53	-	55	0	34	0	-4	0	-43	-100	-120	-90	-46	26	68	57	4	-19	-23	-7	64	98	37	-7	-107	-177	-109	-95	0	0	0
Net loss attributable to Mistras Group, Inc.
-87,156	6,060	4,171	67	-1,364	6,836	8,780	2,823	-960	-2,175	4,211	17,775	18,322	0	20,223	0	24,378	0	24,654	0	24,061	22,285	21,287	16,081	20,329	19,713	18,543	22,518	11,550	13,100	13,006	11,646	23,327	23,613	22,406	21,353	20,939	20,345	18,067	16,431	0	0	0
Earnings (loss) per common share:
Basic (in dollars per share)
-3.40	-	0.11	0.26	-0.19	-	-0.04	0.21	0.10	-	-0.25	0.08	0.06	-	0.25	0.25	0.23	0.10	-	0.12	0.12	0.40	0.24	-	0.06	0.36	0.06	0.22	0.04	0.33	0.20	-0.17	0.10	0.33	0.15	0.25	0.11	0.29	0.12	0.25	0.09	0.21	0.06
Diluted (in dollars per share)
-3.40	-	0.11	0.26	-0.19	-	-0.04	0.20	0.10	-	-0.25	0.07	0.06	-	0.24	0.24	0.22	0.09	-	0.11	0.12	0.39	0.23	-	0.06	0.35	0.06	0.22	0.04	0.32	0.19	-0.16	0.09	0.32	0.15	0.24	0.11	0.28	0.11	0.25	0.09	0.21	0.06
Weighted-average common shares outstanding:
Basic (in shares)
28,963	28,929	28,800	28,657	28,574	28,545	28,429	28,346	28,304	28,290	28,274	28,437	28,687	-	29,056	29,051	28,976	28,932	28,925	28,915	28,906	28,869	28,724	28,700	28,656	28,619	28,477	28,445	28,396	28,378	28,241	28,200	28,175	28,144	28,045	27,972	27,921	27,786	27,677	26,900	26,667	26,665	26,664
Diluted (in shares)
28,963	29,592	29,156	28,862	28,574	30,583	28,429	29,334	29,362	25,910	28,274	29,599	29,905	-	29,998	30,231	30,210	30,152	30,476	29,980	29,899	29,594	29,595	29,882	29,529	29,397	29,552	29,711	29,374	29,102	29,109	29,315	29,101	29,008	29,000	29,086	28,829	28,600	28,225	27,219	26,919	26,816	26,778