MICROSTRATEGY INCORPORATED MSTR Income Statement

Microstrategy incorporated (MSTR)

Income statement / Quarterly

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	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Total revenues
111,424	133,531	119,693	117,737	115,366	131,917	122,152	120,602	122,967	136,381	126,010	119,220	122,232	141,536	129,896	123,142	119,015	143,522	129,536	132,940	123,871	148,871	151,202	141,853	137,904	165,881	141,919	137,905	130,183	155,986	136,080	135,324	138,334	135,284	141,704	138,151	122,029	114,530	107,537
Cost of revenues:
Total cost of revenues
24,545	24,636	23,815	25,350	26,173	25,885	23,389	25,040	25,185	24,753	24,389	24,375	23,132	23,288	22,935	24,101	22,823	23,414	24,684	25,912	27,098	31,635	34,953	35,613	33,009	32,969	33,253	36,446	35,901	36,439	34,847	34,060	35,730	26,330	36,664	34,543	33,161	27,240	24,349
Gross profit
86,879	108,895	95,878	92,387	89,193	106,032	98,763	95,562	97,782	111,628	101,621	94,845	99,100	118,248	106,961	99,041	96,192	120,108	104,852	107,028	96,773	117,236	116,249	106,240	104,895	132,912	108,666	101,459	94,282	119,547	101,233	101,264	102,604	108,954	105,040	103,608	88,868	87,290	83,188
Operating expenses:
Sales and marketing
39,518	50,267	43,935	48,273	48,760	57,783	45,429	50,978	51,335	51,832	42,005	41,626	39,582	44,833	39,169	37,702	36,577	39,380	36,403	36,219	36,520	47,058	58,195	60,956	58,877	60,891	50,798	52,686	50,714	56,590	49,551	48,693	55,141	57,600	61,451	60,942	51,511	42,002	39,361
Research and development
26,101	25,987	27,457	27,764	28,215	28,028	25,829	25,082	23,560	21,419	19,360	19,561	18,426	18,338	18,069	19,160	17,575	17,155	17,789	14,864	15,398	13,886	28,659	32,748	28,062	26,035	21,977	24,227	25,817	25,079	21,920	19,017	22,174	17,557	20,434	16,874	12,998	13,675	10,812
General and administrative
21,332	23,013	19,900	21,180	22,604	22,378	20,285	21,299	22,172	21,240	19,082	19,582	20,257	16,448	19,703	21,092	22,219	17,661	19,843	21,103	22,125	19,967	24,811	25,262	26,303	27,463	24,265	26,594	26,412	24,192	22,460	23,067	23,665	19,019	21,618	22,319	23,281	21,816	18,674
Restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	12	8	25	18	86	90	85	3,154	11,578	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
86,951	99,267	91,292	97,217	99,579	108,189	91,543	97,359	97,067	94,491	80,447	80,769	78,265	79,619	76,953	77,962	76,396	74,214	74,121	72,276	74,128	84,065	123,243	118,966	113,242	114,389	97,040	103,507	102,943	105,861	93,931	90,777	100,980	94,176	103,503	100,135	87,790	77,493	68,847
Loss from operations
-72	9,628	4,586	-4,830	-10,386	-2,157	7,220	-1,797	715	17,137	21,174	14,076	20,835	38,629	30,008	21,079	19,796	45,894	30,731	34,752	22,645	33,171	-6,994	-12,726	-8,347	18,523	11,626	-2,048	-8,661	13,686	7,302	10,487	1,624	14,778	1,537	3,473	1,078	9,797	14,341
Interest income, net
1,855	2,389	2,941	3,013	2,566	3,157	3,441	3,223	2,034	1,756	1,449	1,163	837	754	507	539	403	155	116	11	2	29	53	32	48	34	80	322	61	50	41	37	15	60	18	39	82	192	15
Gain on sale of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,371	-	-	0	-
Other income (expense), net
434	-2,361	1,882	29,431	-596	981	798	4,461	-1,594	-576	-1,903	-2,618	-1,856	3,604	-473	1,755	-1,668	957	766	-2,915	4,750	2,449	4,928	-474	-1,118	-1,262	-3,213	-419	1,708	-1,799	-112	1,000	-124	742	969	-316	-631	-1,817	2,144
Income (loss) before income taxes
2,217	9,656	9,409	27,614	-8,416	1,981	11,459	5,887	1,155	18,317	20,720	12,621	19,816	42,987	30,042	23,373	18,531	47,006	31,613	31,848	27,397	35,649	-2,013	-13,168	-9,417	17,295	8,493	-2,145	-6,892	-	-	-	-	-	-	-	-	-	-
Total financing and other (expense) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,037	-109	-	4,358	-277	-549	-1,625	2,159
(Loss) income from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,231	11,524	1,515	-	5,895	3,196	529	8,172	16,500
Provision for (benefit from) income taxes
1,600	-2,521	-291	7,220	-500	-1,320	-1,240	1,059	-518	43,816	2,536	2,668	4,259	10,532	3,414	4,489	4,259	7,895	7,720	9,381	6,937	12,950	-1,168	-2,831	-2,935	1,147	-8,653	-592	-1,701	3,587	2,097	3,596	454	2,713	974	311	-605	821	4,882
Income from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,148	17,146	-1,553	-5,191	8,350	5,134	7,928	1,061	-	-	-	-	-	-
Gain from sale of discontinued operations, net of tax provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	57,377	0	0	0	0	-	-	-	-	-	-
Loss from discontinued operations, net of tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-595	-110	-371	-657	-789	-	-	-	-	-	-
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	56,782	-110	-371	-657	-789	-	-	-	-	-	-
Net income (loss)
657	12,167	9,700	20,394	-7,906	3,301	12,699	4,828	1,673	-25,499	18,184	9,953	15,557	32,455	26,628	18,884	14,272	39,111	23,893	22,467	20,460	22,699	-845	-10,337	-6,482	16,148	17,146	-1,553	51,591	8,240	4,763	7,271	272	9,000	4,921	2,885	1,134	7,351	11,618
Basic earnings per share
From continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.43	1.52	-0.14	-0.46	0.76	0.46	0.73	0.10	-	-	-	-	-	-
From discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	5.03	-0.02	-0.03	-0.06	-0.07	-	-	-	-	-	-
Basic earnings (loss) per share
0.07	1.18	0.95	1.99	-0.77	0.30	1.11	0.42	0.15	-2.23	1.59	0.87	1.36	2.84	2.33	1.65	1.25	3.44	2.10	1.98	1.81	2.00	-0.07	-0.91	-0.57	1.42	1.52	-0.14	4.57	0.74	0.43	0.67	0.03	0.83	0.46	0.27	0.11	0.66	1.00
Weighted average shares outstanding used in computing basic earnings (loss) per share
9,976	10,205	10,251	10,240	10,328	11,127	11,467	11,459	11,447	11,446	11,447	11,444	11,439	11,433	11,431	11,428	11,408	11,385	11,365	11,349	11,321	11,301	11,301	11,301	11,301	11,303	11,301	11,301	11,295	11,249	11,050	10,875	10,806	10,767	10,729	10,709	10,671	11,206	11,629
Diluted earnings per share
From continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.43	1.52	-0.14	-0.46	0.75	0.46	0.71	0.09	-	-	-	-	-	-
From discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	5.03	-0.01	-0.03	-0.06	-0.07	-	-	-	-	-	-
Diluted earnings (loss) per share
0.07	1.18	0.94	1.98	-0.77	0.30	1.10	0.42	0.15	-2.20	1.58	0.86	1.34	2.82	2.31	1.64	1.24	3.38	2.06	1.95	1.79	1.99	-0.07	-0.91	-0.57	1.42	1.52	-0.14	4.57	0.74	0.43	0.65	0.02	0.82	0.44	0.26	0.10	0.63	0.97
Weighted average shares outstanding used in computing diluted earnings (loss) per share
10,031	10,365	10,309	10,310	10,328	11,129	11,538	11,493	11,488	11,504	11,499	11,592	11,593	11,541	11,521	11,523	11,479	11,602	11,589	11,510	11,455	11,521	11,301	11,301	11,301	11,307	11,301	11,301	11,295	11,286	11,197	11,121	11,092	11,079	11,072	11,068	11,045	11,603	12,029
Product licenses
Total revenues
12,584	30,087	18,972	20,121	18,291	31,200	20,264	19,292	17,301	30,529	22,356	17,728	22,646	39,384	29,632	23,459	22,399	41,509	27,511	29,366	20,757	34,744	33,969	29,383	27,856	46,563	37,120	33,373	30,823	46,265	31,736	31,890	37,453	54,578	39,262	33,430	27,380	32,180	28,930
Total cost of revenues
670	534	526	552	519	609	377	1,667	2,211	1,994	1,763	1,747	1,672	1,745	2,370	2,322	2,136	2,223	2,680	1,906	1,309	1,501	1,542	2,086	1,828	-9,736	5,424	5,558	5,360	1,632	1,059	982	2,146	3,069	2,284	2,322	1,908	1,966	1,860
Subscription services
Total revenues
7,968	7,252	7,894	7,104	7,144	7,084	7,240	7,584	7,662	8,525	7,725	8,346	7,772	7,799	7,639	7,782	7,354	7,554	6,546	7,074	6,665	6,005	5,993	5,883	4,441	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
4,064	4,185	3,889	3,489	3,598	3,667	3,259	3,445	3,249	3,404	3,592	3,400	3,039	3,098	3,219	3,356	3,092	3,251	3,075	3,346	3,379	3,731	4,502	4,920	4,407	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total product licenses and subscription services
Total revenues
20,552	37,339	26,866	27,225	25,435	38,284	27,504	26,876	24,963	39,054	30,081	26,074	30,418	47,183	37,271	31,241	29,753	49,063	34,057	36,440	27,422	40,749	39,962	35,266	32,297	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
4,734	4,719	4,415	4,041	4,117	4,276	3,636	5,112	5,460	5,398	5,355	5,147	4,711	4,843	5,589	5,678	5,228	5,474	5,755	5,252	4,688	5,232	6,044	7,006	6,235	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product support
Total revenues
71,158	74,722	72,885	72,978	71,450	73,662	74,463	73,676	74,415	75,025	72,881	70,766	70,512	72,728	72,460	71,451	68,497	70,296	71,392	70,747	69,305	74,634	75,019	74,569	71,481	72,504	71,216	68,439	65,350	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
6,718	6,607	6,922	7,721	7,067	5,557	5,079	4,810	4,796	4,387	4,218	4,542	4,334	4,082	3,959	3,687	3,273	3,014	3,174	3,224	3,336	3,528	3,695	3,475	3,543	4,057	4,105	4,254	4,201	-	-	-	-	-	-	-	-	-	-
Other services
Total revenues
19,714	21,470	19,942	17,534	18,481	19,971	20,185	20,050	23,589	22,302	23,048	22,380	21,302	21,625	20,165	20,450	20,765	24,163	24,087	25,753	27,144	33,488	36,221	32,018	34,126	34,568	33,583	36,093	34,010	-155,445	104,344	103,434	100,881	-162,841	102,442	104,721	94,649	82,350	78,607
Total cost of revenues
13,093	13,310	12,478	13,588	14,989	16,052	14,674	15,118	14,929	14,968	14,816	14,686	14,087	14,363	13,387	14,736	14,322	14,926	15,755	17,436	19,074	22,875	25,214	25,132	23,231	23,012	23,724	26,634	26,340	12,654	33,788	33,078	33,584	9,844	34,380	32,221	31,253	25,274	22,489