Higher one holdings, inc. (ONE)
Income statement / Yearly
Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue:
Account revenue

115,183

131,053

135,847

150,715

142,589

113,516

68,529

Payment transaction revenue

64,059

58,231

41,109

23,168

18,733

15,742

1,688

Higher education institution revenue

24,197

24,219

21,998

21,016

16,614

12,543

5,135

Other revenue

769

910

1,012

2,821

3,112

3,168

2,254

Gross revenue

204,208

214,413

199,966

-

-

-

-

Less: allowance for customer restitution

46,250

8,750

0

-

-

-

-

Revenue before customer credit plan

-

-

-

197,720

181,048

144,969

77,606

Less customer credit plan

-

-

-

0

4,728

-

-

Less customer credit plan

-

-

-

-

-

0

-

Less customer credit plan

-

-

-

-

-

-

0

Revenue

157,958

205,663

199,966

197,720

176,320

144,969

77,606

Cost of revenue

99,534

100,607

87,014

80,280

67,560

51,845

26,529

Gross margin

58,424

105,056

112,952

117,440

108,760

93,124

51,077

Operating expenses:
General and administrative

65,728

61,150

55,112

46,321

37,715

32,381

-18,143

Product development

6,579

5,840

6,440

5,221

3,265

3,311

-2,287

Sales and marketing

13,909

15,958

15,079

12,284

20,265

16,185

-7,966

Restructuring charges incurred

680

0

0

-

-

-

-

Civil money penalty and administrative costs related to customer restitution (2015) and litigation settlement and related costs (2013)

6,026

0

16,320

-

-

-

-

Costs related to merger agreement

436

0

502

-

-

-

-

Gain (Loss) Related to Litigation Settlement

-

-

-

0

0

-

-

Merger and acquisition related (income) expenses, net

-

-

-

-5,828

0

0

-

Total operating expenses

93,358

82,948

93,453

57,998

61,245

51,877

28,396

Loss from continuing operations

-34,934

22,108

19,499

-

-

-

-

Income from operations

-

-

-

59,442

47,515

41,247

22,681

Interest income

82

92

88

109

68

29

4

Interest expense

6,073

2,546

2,392

967

266

729

558

Other income

1,435

678

622

310

1,500

0

17

Net loss before income taxes from continuing operations

-39,490

20,332

17,817

-

-

-

-

Net income before income taxes

-

-

-

58,894

48,817

40,547

22,144

Income tax benefit from continuing operations

-13,055

8,036

7,225

22,024

16,924

15,488

7,925

Loss from continuing operations

-26,435

12,296

10,592

-

-

-

-

Discontinued operations:
Income (loss) from operations

2,145

4,310

5,663

-

-

-

-

Gain on disposal

58,153

0

0

-

-

-

-

Income tax expense

23,004

1,639

2,127

-

-

-

-

Income from discontinued operations

37,294

2,671

3,536

-

-

-

-

Net income

10,859

14,967

14,128

36,870

31,893

25,059

14,219

Weighted average shares outstanding
Basic

-

-

-

36,870

31,893

16,149

2,742

Participating securities

-

-

-

-

0

8,910

11,477

Diluted

-

-

-

36,870

31,893

25,059

14,219

Basic (in shares)

47,653

47,209

46,717

53,877

55,210

33,395

9,298

Diluted (in shares)

48,172

48,050

48,368

56,728

59,553

57,302

53,150

Earnings per share of common stock - basic
Continuing operations (in dollars per share)

-0.55

0.26

0.23

-

-

-

-

Net income per share (in dollars per share)

0.23

0.32

0.30

0.68

0.58

0.48

0.29

Earnings per share of common stock - diluted
Continuing operations (in dollars per share)

-0.55

0.26

0.22

-

-

-

-

Net income per share (in dollars per share)

0.23

0.31

0.29

0.65

0.54

0.44

0.27

Net income

10,859

14,967

14,128

36,870

31,893

25,059

14,219

Other comprehensive loss
Foreign currency translation adjustment

-113

0

0

-

-

-

-

Comprehensive income

10,746

14,967

14,128

-

-

-

-