VERIFONE SYSTEMS, INC. PAY Income Statement

Verifone systems, inc. (PAY)

Income statement / Quarterly

Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Net revenues:
Systems
258,571	243,056	268,451	265,951	285,675	265,401	264,254	292,072	342,443	337,592	338,948	332,980	324,300	313,400	310,891	299,435	290,734	261,166	259,358	250,818	276,560	281,708	335,710	350,230	340,443	312,641	319,211	253,659	235,334	225,707	228,296	213,091	199,548	188,014
Services
179,832	193,741	208,103	200,915	188,010	188,470	199,946	196,060	183,835	175,947	175,199	176,960	165,844	172,826	179,600	176,465	175,683	174,900	171,856	165,155	149,727	147,039	149,669	138,820	131,575	106,883	91,493	63,292	57,112	58,058	47,674	48,364	41,164	35,386
Total net revenues
438,403	436,797	476,554	466,866	473,685	453,871	464,200	488,132	526,278	513,539	514,147	509,940	490,144	486,226	490,491	475,900	466,417	436,066	431,214	415,973	426,287	428,747	485,379	489,050	472,018	419,524	410,704	316,951	292,446	283,765	275,970	261,455	240,712	223,400
Cost of net revenues:
Systems
163,541	154,373	168,170	177,774	176,219	166,392	173,272	175,690	200,544	194,805	197,969	201,207	188,972	185,668	191,131	186,833	187,571	167,508	171,215	168,929	180,872	174,243	204,403	206,213	202,273	198,752	227,154	150,621	137,596	140,140	146,393	138,330	126,013	120,085
Services
96,388	104,265	114,014	114,642	124,705	116,048	113,428	121,295	115,355	103,449	99,809	102,192	97,269	101,388	102,904	106,297	103,572	98,341	96,018	92,104	91,109	82,542	81,439	75,330	77,586	64,134	57,488	34,718	32,265	32,134	25,876	27,630	25,489	21,409
Total cost of net revenues
259,929	258,638	282,184	292,416	300,924	282,440	286,700	296,985	315,899	298,254	297,778	303,399	286,241	287,056	294,035	293,130	291,143	265,849	267,233	261,033	271,981	256,785	285,842	281,543	279,859	262,886	284,642	185,339	169,861	172,274	172,269	165,960	151,502	141,494
Gross margin
178,474	178,159	194,370	174,450	172,761	171,431	177,500	191,147	210,379	215,285	216,369	206,541	203,903	199,170	196,456	182,770	175,274	170,217	163,981	154,940	154,306	171,962	199,537	207,507	192,159	156,638	126,062	131,612	122,585	111,491	103,701	95,495	89,210	81,906
Operating expenses:
Research and development
52,443	48,106	52,303	50,731	51,771	56,810	49,321	52,394	54,120	51,668	50,822	50,831	47,579	48,903	44,065	53,217	49,999	50,532	45,836	46,099	41,581	39,802	40,416	38,657	37,849	35,079	34,654	27,457	25,402	21,642	20,428	18,888	17,811	17,100
Sales and marketing
46,294	46,902	46,929	46,665	50,935	49,453	50,220	52,830	59,040	54,949	56,412	55,552	55,371	57,410	51,602	54,136	56,417	50,611	54,865	49,485	46,496	45,748	47,385	46,182	46,141	39,986	46,053	32,769	31,139	28,306	27,631	24,145	22,415	20,475
General and administrative
49,604	51,371	47,173	44,867	46,755	50,840	47,110	49,753	54,863	52,826	53,052	54,119	49,457	47,350	45,895	58,447	48,749	50,914	54,230	43,213	43,676	39,981	37,026	43,414	48,696	46,038	44,075	28,657	27,041	24,016	22,883	21,327	19,680	20,481
Restructuring and related
-282	-	-	65,705	68,896	-	-	33,629	603	-	-	5,770	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related
8,022	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement and loss contingency expense
-	-	-	0	-	-	-	600	-	-	-	0	1,213	-	-	0	9,000	-	-	-5,000	69,000	-	-	0	17,632	-	-	0	0	-	-	-	-	-
Amortization of purchased intangible assets
15,627	15,068	15,749	16,696	18,414	18,763	24,648	24,286	21,974	19,626	19,608	19,985	20,567	22,332	23,731	24,517	24,657	24,675	24,480	23,862	23,122	24,696	23,246	23,177	23,757	13,615	8,868	1,980	1,665	2,316	2,983	3,544	3,605	4,492
Goodwill impairment
0	-	-	0	17,384	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
171,708	161,447	170,705	224,664	254,155	175,866	178,371	213,492	190,600	179,069	182,553	186,257	174,187	175,995	162,961	190,317	188,822	176,732	179,782	157,659	223,875	150,227	148,073	151,430	174,075	134,718	133,650	90,863	85,247	76,280	73,925	67,904	63,511	62,548
Operating income (loss)
6,766	16,712	23,665	-50,214	-81,394	-4,435	-871	-22,345	19,779	36,216	33,816	20,284	29,716	23,175	33,495	-7,547	-13,548	-6,515	-15,801	-2,719	-69,569	21,735	51,464	56,077	18,084	21,920	-7,588	40,749	37,338	35,211	29,776	27,591	25,699	19,358
Interest expense, net
-10,234	-8,917	-8,485	-8,380	-8,185	-8,147	-8,694	-9,023	-8,543	-8,304	-7,905	-8,223	-7,432	-7,895	-7,172	-14,421	-9,490	-11,389	-9,955	-11,638	-11,249	-11,502	-76,437	-15,264	18,636	14,634	-49,353	7,963	7,465	7,570	6,488	7,468	7,134	7,254
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,143	1,007	-	479	287	283	390	334	258	296
Other income (expense), net
-4,224	-1,154	-1,910	-1,908	8,796	-2,222	10,445	156	-4,809	-2,180	867	-529	-3,169	243	3,434	-421	-1,183	-5,127	-2,080	-426	2,306	3,940	2,589	-721	-1,780	-20,849	5,701	6,313	-1,736	1,651	2,684	1,478	982	-1,760
Loss before income taxes
-7,692	6,641	13,270	-60,502	-80,783	-14,804	880	-31,212	6,427	25,732	26,778	11,532	19,115	15,523	29,757	-22,389	-24,221	-23,031	-27,836	-14,783	-78,512	14,173	42,006	40,092	-1,189	-12,556	-6,293	39,578	28,424	29,575	26,362	21,935	19,805	10,640
Income tax provision
9,060	-514	10,412	10,286	8,882	2,920	6,155	286	3,087	1,999	-11,705	1,452	1,449	1,395	-1,568	5,718	-658	-6,934	219,956	-12,893	-21,483	2,463	14,117	2,313	-4,598	-9,782	-205,114	13,072	3,086	-2,456	-23,577	3,396	-420	19
Consolidated net loss
-16,752	7,155	2,858	-70,788	-89,665	-17,724	-5,275	-31,498	3,340	23,733	38,483	10,080	17,666	14,128	31,325	-28,107	-23,563	-16,097	-247,792	-1,890	-57,029	11,710	27,889	37,779	3,409	-2,774	198,821	26,506	25,338	32,031	-	-	-	-
Net income (loss) attributable to noncontrolling interests
293	-94	-158	167	-398	-1,101	-732	-360	441	232	252	626	102	280	274	926	352	136	-152	-13	1,347	-128	904	84	-68	350	-81	159	138	76	-	-	-	-
Net loss attributable to VeriFone Systems, Inc. stockholders
-17,045	7,249	3,016	-70,955	-89,267	-16,623	-4,543	-31,138	2,899	23,501	38,231	9,454	17,564	13,848	31,051	-29,033	-23,915	-16,233	-247,640	-1,877	-58,376	11,838	26,985	37,695	3,477	-3,124	198,902	26,347	25,200	31,955	49,442	18,539	20,225	10,621
Net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in dollars per share)
-0.15	0.06	0.03	-0.63	-0.80	-0.15	-0.04	-0.28	0.03	0.21	0.34	0.08	0.15	0.12	0.29	-0.26	-0.22	-0.15	-2.28	-0.02	-0.54	0.11	0.26	0.35	0.03	-0.03	2.11	0.29	0.29	0.37	0.57	0.22	0.24	0.13
Diluted (in dollars per share)
-0.15	0.06	0.03	-0.63	-0.80	-0.15	-0.04	-0.28	0.03	0.21	0.33	0.08	0.15	0.12	0.29	-0.26	-0.22	-0.15	-2.28	-0.02	-0.54	0.11	0.25	0.34	0.03	-0.03	2.02	0.28	0.27	0.35	0.57	0.21	0.23	0.12
Weighted average number of shares used in computing net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in shares)
110,508	111,569	112,241	111,951	111,688	111,388	111,047	110,689	110,314	111,266	114,392	114,401	113,940	113,443	112,894	112,024	111,104	110,322	109,550	108,638	108,314	107,934	107,725	107,568	106,898	105,833	104,546	89,602	88,418	87,090	85,900	85,214	85,008	84,690
Diluted (in shares)
110,508	112,196	112,241	111,951	111,688	111,388	108,962	110,689	111,314	112,351	116,005	116,352	115,900	115,479	112,894	112,024	111,104	110,322	106,926	108,638	108,314	110,558	113,895	110,384	111,148	105,833	108,387	93,322	93,434	91,321	89,324	87,671	87,535	86,610