VERIFONE SYSTEMS, INC. PAY Income Statement

Verifone systems, inc. (PAY)

Income statement / TTM

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
1,036,029	1,063,133	1,085,478	1,081,281	1,107,402	1,164,170	1,236,361	1,311,055	1,351,963	1,333,820	1,309,628	1,281,571	1,248,026	1,214,460	1,162,226	1,110,693	1,062,076	1,047,902	1,068,444	0	0	1,308,091	1,339,024	1,322,525	1,225,954	1,120,845	1,033,911	942,996	902,428	866,642	828,949	0	0	0
Services
782,591	790,769	785,498	777,341	772,486	768,311	755,788	731,041	711,941	693,950	690,829	695,230	694,735	704,574	706,648	698,904	687,594	661,638	633,777	0	0	567,103	526,947	468,771	393,243	318,780	269,955	226,136	211,208	195,260	172,588	0	0	0
Total net revenues
1,818,620	1,853,902	1,870,976	1,858,622	1,879,888	1,932,481	1,992,149	2,042,096	2,063,904	2,027,770	2,000,457	1,976,801	1,942,761	1,919,034	1,868,874	1,809,597	1,749,670	1,709,540	1,702,221	0	0	1,875,194	1,865,971	1,791,296	1,619,197	1,439,625	1,303,866	1,169,132	1,113,636	1,061,902	1,001,537	0	0	0
Cost of net revenues:
Systems
663,858	676,536	688,555	693,657	691,573	715,898	744,311	769,008	794,525	782,953	773,816	766,978	752,604	751,203	733,043	713,127	695,223	688,524	695,259	0	0	787,132	811,641	834,392	778,800	714,123	655,511	574,750	562,459	550,876	530,821	0	0	0
Services
429,309	457,626	469,409	468,823	475,476	466,126	453,527	439,908	420,805	402,719	400,658	403,753	407,858	414,161	411,114	404,228	390,035	377,572	361,773	0	0	316,897	298,489	274,538	233,926	188,605	156,605	124,993	117,905	111,129	100,404	0	0	0
Total cost of net revenues
1,093,167	1,134,162	1,157,964	1,162,480	1,167,049	1,182,024	1,197,838	1,208,916	1,215,330	1,185,672	1,174,474	1,170,731	1,160,462	1,165,364	1,144,157	1,117,355	1,085,258	1,066,096	1,057,032	0	0	1,104,029	1,110,130	1,108,930	1,012,726	902,728	812,116	699,743	680,364	662,005	631,225	0	0	0
Gross margin
725,453	719,740	713,012	696,142	712,839	750,457	794,311	833,180	848,574	842,098	825,983	806,070	782,299	753,670	724,717	692,242	664,412	643,444	645,189	0	0	771,165	755,841	682,366	606,471	536,897	491,750	469,389	433,272	399,897	370,312	0	0	0
Operating expenses:
Research and development
203,583	202,911	211,615	208,633	210,296	212,645	207,503	209,004	207,441	200,900	198,135	191,378	193,764	196,184	197,813	199,584	192,466	184,048	173,318	0	0	156,724	152,001	146,239	135,039	122,592	109,155	94,929	86,360	78,769	74,227	0	0	0
Sales and marketing
186,790	191,431	193,982	197,273	203,438	211,543	217,039	223,231	225,953	222,284	224,745	219,935	218,519	219,565	212,766	216,029	211,378	201,457	196,594	0	0	185,456	179,694	178,362	164,949	149,947	138,267	119,845	111,221	102,497	94,666	0	0	0
General and administrative
193,015	190,166	189,635	189,572	194,458	202,566	204,552	210,494	214,860	209,454	203,978	196,821	201,149	200,441	204,005	212,340	197,106	192,033	181,100	0	0	169,117	175,174	182,223	167,466	145,811	123,789	102,597	95,267	87,906	84,371	0	0	0
Restructuring and related
0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement and loss contingency expense
-	-	-	0	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-
Amortization of purchased intangible assets
63,140	65,927	69,622	78,521	86,111	89,671	90,534	85,494	81,193	79,786	82,492	86,615	91,147	95,237	97,580	98,329	97,674	96,139	96,160	0	0	94,876	83,795	69,417	48,220	26,128	14,829	8,944	10,508	12,448	14,624	0	0	0
Goodwill impairment
0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
728,524	810,971	825,390	833,056	821,884	758,329	761,532	765,714	738,479	722,066	718,992	699,400	703,460	718,095	718,832	735,653	702,995	738,048	711,543	0	0	623,805	608,296	593,873	533,306	444,478	386,040	326,315	303,356	281,620	267,888	0	0	0
Operating income (loss)
-3,071	-91,231	-112,378	-136,914	-109,045	-7,872	32,779	67,466	110,095	120,032	106,991	106,670	78,839	35,575	5,885	-43,411	-38,583	-94,604	-66,354	0	0	147,360	147,545	88,493	73,165	92,419	105,710	143,074	129,916	118,277	102,424	0	0	0
Interest expense, net
-36,016	-33,967	-33,197	-33,406	-34,049	-34,407	-34,564	-33,775	-32,975	-31,864	-31,455	-30,722	-36,920	-38,978	-42,472	-45,255	-42,472	-44,231	-44,344	-110,826	-114,452	-84,567	-58,431	-31,347	-8,120	-19,291	-26,355	29,486	28,991	28,660	28,344	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,439	1,294	1,265	1,278	0	0	0
Other income (expense), net
-9,196	3,824	2,756	15,111	17,175	3,570	3,612	-5,966	-6,651	-5,011	-2,588	-21	87	2,073	-3,297	-8,811	-8,816	-5,327	3,740	8,409	8,114	4,028	-20,761	-17,649	-10,615	-10,571	11,929	8,912	4,077	6,795	3,384	0	0	0
Loss before income taxes
-48,283	-121,374	-142,819	-155,209	-125,919	-38,709	1,827	27,725	70,469	83,157	72,948	75,927	42,006	-1,330	-39,884	-97,477	-89,871	-144,162	-106,958	0	0	95,082	68,353	20,054	19,540	49,153	91,284	123,939	106,296	97,677	78,742	0	0	0
Income tax provision
29,244	29,066	32,500	28,243	18,243	12,448	11,527	-6,333	-5,167	-6,805	-7,409	2,728	6,994	4,887	-3,442	218,082	199,471	178,646	188,043	0	0	14,295	2,050	-217,181	-206,422	-198,738	-191,412	-9,875	-19,551	-23,057	-20,582	0	0	0
Consolidated net loss
-77,527	-150,440	-175,319	-183,452	-144,162	-51,157	-9,700	34,058	75,636	89,962	80,357	73,199	35,012	-6,217	-36,442	-315,559	-289,342	-322,808	-295,001	0	0	80,787	66,303	237,235	225,962	247,891	282,696	0	0	0	-	-	-	-
Net income (loss) attributable to noncontrolling interests
208	-483	-1,490	-2,064	-2,591	-1,752	-419	565	1,551	1,212	1,260	1,282	1,582	1,832	1,688	1,262	323	1,318	1,054	0	0	792	1,270	285	360	566	292	0	0	0	-	-	-	-
Net loss attributable to VeriFone Systems, Inc. stockholders
-77,735	-149,957	-173,829	-181,388	-141,571	-49,405	-9,281	33,493	74,085	88,750	79,097	71,917	33,430	-8,049	-38,130	-316,821	-289,665	-324,126	-296,055	0	0	79,995	65,033	236,950	225,602	247,325	282,404	132,944	125,136	120,161	98,827	0	0	0
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