NEXTGEN HEALTHCARE, INC. NXGN Income Statement

Nextgen healthcare, inc. (NXGN)

Income statement / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Revenues:
Total revenues
538,642	531,769	527,834	529,173	530,163	531,011	533,297	531,019	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Software license and hardware
-	-	-	-	-	-	-	-	-	-	-	65,547	67,463	66,618	69,123	70,523	73,170	78,448	78,077	81,649	75,691	68,377	64,623	60,834	60,834	60,834	60,834	60,834	62,757	70,542	78,700	88,572	103,171	110,947	107,602	106,514	99,589	94,260	96,741	89,761	0	0	0
Software related subscription services
-	-	-	-	-	-	-	-	-	-	-	87,050	82,926	72,085	63,032	55,403	49,714	49,873	47,123	44,592	37,784	30,966	29,088	25,948	25,948	25,948	25,948	25,948	26,591	28,811	29,537	35,008	32,793	29,789	25,753	18,015	17,295	16,346	15,227	14,376	0	0	0
Total software, hardware and related
-	-	-	-	-	-	-	-	-	-	-	152,597	150,389	138,703	132,155	125,926	122,884	128,321	125,200	126,241	113,475	99,343	93,711	86,782	86,782	86,782	86,782	86,782	89,348	99,353	108,237	123,580	135,964	140,736	133,355	124,529	116,884	110,606	111,968	104,137	0	0	0
Support and maintenance
-	-	-	-	-	-	-	-	-	-	-	158,803	156,697	156,292	159,494	165,200	168,642	172,168	172,127	169,219	167,361	164,079	162,257	160,060	160,060	160,060	160,060	160,060	158,709	158,409	156,811	156,771	145,792	134,237	123,051	110,019	104,911	99,142	93,088	89,192	0	0	0
Revenue cycle management and related services
-	-	-	-	-	-	-	-	-	-	-	82,552	82,413	83,959	83,816	83,006	82,712	80,169	78,282	76,358	71,592	68,719	65,280	62,976	62,976	62,976	62,976	62,976	62,977	61,814	60,833	59,219	55,524	52,005	48,694	45,065	42,626	40,732	38,445	36,665	0	0	0
Electronic data interchange and data services
-	-	-	-	-	-	-	-	-	-	-	88,951	86,457	85,310	84,278	82,343	81,133	80,882	77,733	74,237	71,938	68,183	67,296	67,295	67,295	67,295	67,295	67,295	65,527	64,099	62,578	59,709	54,812	49,963	45,081	41,022	39,447	37,984	36,638	35,035	0	0	0
Professional services
-	-	-	-	-	-	-	-	-	-	-	26,721	29,195	30,051	32,775	36,002	37,582	37,805	41,153	44,170	52,674	62,146	64,488	67,554	67,554	67,554	67,554	67,554	64,198	62,740	63,003	60,950	53,950	46,462	38,551	32,728	30,900	29,395	27,961	26,782	0	0	0
Maintenance, EDI, RCM and other services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	357,885	357,885	357,885	357,885	357,885	351,411	347,062	343,225	336,649	310,078	282,667	255,377	228,834	217,884	207,253	196,132	187,674	0	0	0
Total revenues
-	-	-	-	-	-	-	-	-	-	-	509,624	505,151	494,315	492,518	492,477	492,953	499,345	494,495	490,225	477,040	462,470	453,032	444,667	444,667	444,667	444,667	444,667	440,759	446,415	451,462	460,229	446,042	423,403	388,732	353,363	334,768	317,859	308,100	291,811	0	0	0
Cost of revenue:
Software license and hardware
-	-	-	-	-	-	-	-	-	-	-	24,654	26,584	27,434	27,585	27,506	26,626	27,391	28,288	28,803	29,441	49,544	46,848	44,226	44,226	44,226	44,226	44,226	42,806	20,068	20,913	21,750	19,259	20,266	19,338	19,779	19,439	16,582	15,623	12,115	0	0	0
Software related subscription services
-	-	-	-	-	-	-	-	-	-	-	36,744	0	0	0	-	-	-	-	20,672	23,138	25,410	26,998	29,681	29,681	29,681	29,681	29,681	28,595	28,350	28,885	30,896	28,741	25,197	21,165	15,010	13,050	12,271	12,092	11,983	0	0	0
Total software, hardware and related
-	-	-	-	-	-	-	-	-	-	-	61,398	62,859	59,897	57,336	54,128	49,723	50,149	50,467	49,475	52,579	74,954	73,846	73,907	73,907	73,907	73,907	73,907	71,401	48,418	49,798	52,646	48,000	45,463	40,503	34,789	32,489	28,853	27,715	24,098	0	0	0
Support and maintenance
-	-	-	-	-	-	-	-	-	-	-	28,317	28,358	28,596	29,954	31,329	31,676	31,504	29,895	28,866	27,448	25,725	24,202	22,590	22,590	22,590	22,590	22,590	21,711	21,328	20,807	20,316	17,686	15,808	14,305	12,948	13,740	13,751	13,768	13,339	0	0	0
Revenue cycle management and related services
-	-	-	-	-	-	-	-	-	-	-	56,370	56,070	56,989	57,310	57,591	55,847	53,422	50,757	48,244	48,029	47,809	46,801	46,203	46,203	46,203	46,203	46,203	45,124	44,306	43,855	43,324	41,077	38,874	36,540	33,815	32,295	30,704	29,338	27,715	0	0	0
Electronic data interchange and data services
-	-	-	-	-	-	-	-	-	-	-	51,102	51,083	50,858	50,590	50,153	51,554	53,363	54,026	54,406	50,999	47,029	44,477	42,567	42,567	42,567	42,567	42,567	41,821	41,397	39,898	38,350	35,572	32,628	30,250	27,711	27,073	26,690	26,081	25,262	0	0	0
Professional services
-	-	-	-	-	-	-	-	-	-	-	25,947	28,049	29,512	31,263	32,414	33,401	34,338	37,806	42,173	41,622	41,855	38,955	34,896	34,896	34,896	34,896	34,896	35,049	35,198	34,971	35,016	32,186	27,481	22,420	18,219	17,017	18,596	19,875	20,393	0	0	0
Total cost of maintenance, EDI, RCM and other services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	146,256	146,256	146,256	146,256	146,256	143,705	142,229	139,531	137,006	126,521	114,791	103,515	92,693	90,125	89,741	89,062	86,709	0	0	0
Total cost of revenue
261,157	254,693	250,077	246,697	246,617	246,580	244,217	241,535	235,528	228,246	225,488	223,134	226,419	225,852	226,453	225,615	222,201	222,776	222,951	223,164	220,677	237,372	228,281	220,163	220,163	220,163	220,163	220,163	215,106	190,647	189,329	189,652	174,521	160,254	144,018	127,482	122,614	118,594	116,777	110,807	0	0	0
Amortization of capitalized software costs and acquired intangible assets
34,143	32,278	30,359	28,490	26,912	25,778	23,963	22,090	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
277,485	277,076	277,757	282,476	283,546	284,431	289,080	289,484	292,101	295,536	292,853	286,490	278,732	268,463	266,065	266,862	270,752	276,569	271,544	267,061	256,363	225,098	224,751	224,504	224,504	224,504	224,504	224,504	225,653	255,768	262,133	270,577	271,521	263,149	244,714	225,881	212,154	199,265	191,323	181,004	0	0	0
Operating expenses:
Selling, general and administrative
166,725	165,188	160,371	164,879	185,878	188,137	194,885	193,226	170,227	164,206	166,019	163,623	161,185	163,038	157,644	156,234	157,241	159,328	160,613	158,172	155,569	150,951	150,848	149,214	149,214	149,214	149,214	149,214	148,846	147,514	146,768	148,353	139,330	131,756	118,753	108,310	104,248	97,864	93,096	86,951	0	0	0
Research and development costs, net
81,679	82,335	80,917	80,994	82,279	82,242	83,398	81,259	82,272	81,341	80,106	78,341	72,307	67,111	66,800	65,661	67,222	71,172	70,089	69,240	66,722	61,429	52,146	41,524	41,524	41,524	41,524	41,524	34,635	29,246	27,903	30,865	28,385	25,957	24,917	21,797	20,315	18,911	18,025	16,546	0	0	0
Amortization of acquired intangible assets
3,722	3,785	4,041	4,344	5,111	6,040	6,931	7,810	8,561	9,173	9,778	10,435	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of assets
0	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of acquired intangible assets
3,722	3,785	4,041	4,344	5,111	6,040	6,931	7,810	8,561	9,173	9,778	10,435	10,564	8,893	7,174	5,367	3,590	3,597	3,607	3,693	3,927	4,242	4,594	4,805	0	0	0	-	-	-	-	-	-	-	-	1,682	1,919	1,851	1,773	1,783	0	0	0
Impairment of goodwill and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,873	0	0	0	-	-	5,873	23,273	17,400	17,400	17,400	0	0	0	-	-	-	-	-	-	-	-
Restructuring costs
3,068	0	0	0	-	-	-	0	0	-	-	7,078	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
259,547	256,235	248,165	250,857	277,506	280,787	289,582	286,663	263,583	257,344	259,228	259,477	280,979	275,734	267,609	259,500	228,053	234,097	234,309	231,105	226,218	222,495	213,461	201,416	201,416	201,416	201,416	201,416	211,621	199,020	196,987	201,477	171,825	161,056	146,142	131,789	126,482	118,626	112,894	105,280	0	0	0
Income from operations
17,938	20,841	29,592	31,619	6,040	3,644	-502	2,821	28,518	38,192	33,625	27,013	-2,247	-7,271	-1,544	7,362	42,699	42,472	37,235	35,956	30,145	2,603	11,290	23,088	23,088	23,088	23,088	23,088	14,032	56,748	65,146	69,100	99,696	102,093	98,572	94,092	85,672	80,639	78,429	75,724	0	0	0
Interest income
248	262	266	216	132	103	75	55	41	26	15	14	0	0	0	-	-	-	-	112	394	0	0	0	-	0	0	-	-	-	-	-107	5	47	238	263	290	278	208	226	0	0	0
Interest expense
1,889	2,174	2,556	2,814	3,292	3,305	3,376	3,323	2,961	2,857	2,820	3,156	0	0	0	-	-	-	-	342	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	269	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
97	-267	-240	267	469	655	433	37	-164	-127	-197	-262	0	0	0	-	-	-	-	-62	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before provision for (benefit of) income taxes
16,394	18,662	27,062	29,288	3,349	1,097	-3,370	-410	25,434	35,234	30,623	23,609	0	0	0	-	-	-	-	35,664	30,526	3,205	11,489	23,001	23,001	23,001	23,001	23,001	13,531	55,999	64,915	68,914	99,588	102,149	98,664	94,416	86,095	81,186	78,841	76,218	0	0	0
Other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-356	-356	-356	-356	-356	-355	-495	-120	-79	-113	9	-146	61	133	269	204	268	0	0	0
Provision for (benefit of) income taxes
726	2,585	3,972	4,794	-6,170	-5,139	-4,542	-2,830	7,552	8,407	7,839	5,368	-3,620	-4,821	-2,578	663	9,906	10,217	8,601	8,332	8,736	678	3,591	7,321	7,321	7,321	7,321	7,321	7,142	21,397	24,743	26,190	34,221	34,877	33,653	32,810	29,981	29,451	28,716	27,839	0	0	0
Net income
15,668	16,077	23,090	24,494	9,519	6,236	1,172	2,420	17,882	26,827	22,784	18,241	-2,496	-5,680	-1,352	5,657	32,722	32,096	28,531	27,332	21,790	2,527	7,898	15,680	15,680	15,680	15,680	15,680	6,389	34,602	40,172	42,724	65,367	67,272	65,011	61,606	56,114	51,735	50,125	48,379	0	0	0
Other comprehensive income:
Foreign currency translation, net of tax
-142	372	-278	-831	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-107	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on marketable securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-64	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
15,526	16,449	22,812	23,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,509	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per share:
Basic
0.07	0.09	0.02	0.06	0.07	0.20	0.04	-0.17	0.02	0.13	0.06	0.07	0.17	0.06	-0.01	-0.27	0.12	0.14	0.11	0.18	0.11	0.08	0.09	0.09	-0.21	0.17	0.22	0.09	-0.21	0.17	0.22	-0.07	0.26	0.26	0.26	0.32	0.30	0.23	0.21	-0.39	0.46	0.41	0.36
Diluted
0.07	0.09	0.02	0.06	0.07	0.20	0.04	-0.17	0.02	0.13	0.06	0.07	0.17	0.06	-0.01	-0.27	0.12	0.14	0.10	0.18	0.11	0.08	0.08	0.09	-0.21	0.17	0.22	0.09	-0.21	0.17	0.22	-0.07	0.26	0.26	0.26	0.32	0.30	0.23	0.21	-0.39	0.46	0.41	0.36
Weighted-average shares outstanding:
Basic
65,493	65,401	65,015	64,749	64,637	64,265	64,019	63,888	63,706	63,513	62,636	62,345	62,093	61,658	61,179	60,899	60,867	60,461	60,312	60,288	60,272	60,247	60,230	60,208	60,173	59,734	59,559	60,208	60,173	59,734	59,559	59,541	59,400	59,347	59,281	58,010	57,956	57,870	57,792	143,324	28,667	28,597	28,492
Diluted
65,664	65,560	65,353	64,917	64,776	64,857	64,054	63,888	63,708	63,530	62,643	62,348	62,093	62,052	61,179	60,899	61,279	61,194	61,064	60,956	60,855	60,788	60,770	60,592	60,173	59,751	59,572	60,592	60,173	59,751	59,572	59,541	59,405	59,386	59,388	58,404	58,280	58,156	58,114	144,158	28,833	28,742	28,635
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.00	0.17	0.17	0.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.17	0.15	0.15	0.15	-0.30	0.30	0.30	0.30
Recurring
Total revenues
484,974	477,633	473,361	473,921	472,368	473,919	477,043	476,214	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
201,239	197,039	193,883	191,496	192,178	193,528	194,055	194,360	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Software, Hardware, and Other Non-recurring
Total revenues
53,668	54,136	54,473	55,252	57,795	57,092	56,254	54,805	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
25,775	25,376	25,835	26,711	27,527	27,274	26,199	25,085	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-