PEGASYSTEMS INC. PEGA Income Statement

Pegasystems inc. (PEGA)

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
Revenue
Revenue
265,591	276,542	216,703	205,592	212,546	256,357	203,263	196,779	235,182	254,605	190,957	186,596	256,309	211,573	182,802	188,996	178,858	204,355	162,403	162,019	153,918	168,924	137,631	142,985	140,464	153,382	122,011	117,315	116,246	143,830	101,657	105,056	111,167	115,294	95,503	103,518	102,360	90,016	82,246
Cost of revenue
Total cost of revenue
79,528	77,607	80,898	77,080	74,437	77,911	74,423	73,817	75,614	73,977	69,731	67,875	68,090	62,209	60,437	60,100	56,510	53,165	55,441	54,781	50,059	46,108	46,382	46,691	45,913	43,777	38,098	37,878	37,653	38,194	37,665	39,987	41,534	42,574	41,811	40,397	40,016	34,990	31,260
Gross profit
186,063	198,935	135,805	128,512	138,109	178,446	128,840	122,962	159,568	180,628	121,226	118,721	188,219	149,364	122,365	128,896	122,348	151,190	106,962	107,238	103,859	122,816	91,249	96,294	94,551	109,605	83,913	79,437	78,593	105,636	63,992	65,069	69,633	72,720	53,692	63,121	62,344	55,026	50,986
Operating expenses
Selling and marketing
136,024	133,395	115,237	116,962	108,865	103,650	87,490	93,972	88,383	86,334	69,363	75,200	69,681	75,801	67,032	74,016	61,078	71,623	53,640	60,389	55,735	55,886	48,623	56,342	45,807	53,815	42,663	45,346	39,270	50,787	36,893	41,188	38,395	43,750	32,463	37,208	34,036	31,199	29,896
Research and development
58,727	52,408	52,492	49,714	50,596	46,449	46,504	41,972	46,785	41,797	41,031	39,762	40,296	37,018	38,036	35,574	34,920	32,126	33,032	31,372	29,844	28,101	28,558	27,323	24,609	20,603	19,786	19,761	19,576	19,315	19,506	18,901	19,004	18,261	16,218	15,696	15,133	14,924	14,010
General and administrative
15,630	14,877	14,843	14,174	12,676	12,894	12,104	10,181	16,464	13,979	13,133	12,706	12,335	11,884	11,725	11,294	11,048	10,600	9,579	10,214	6,345	9,065	8,825	10,250	9,302	8,391	7,130	7,277	6,796	7,744	7,192	7,664	6,315	7,005	7,222	6,839	7,132	6,442	6,745
Acquisition-related
-	-	-	-	-	-	-	-	-	-	-	-	-	287	74	1,623	919	50	0	13	26	71	54	157	206	-	545	-	-	-	-	-	-	0	0	144	338	111	3,395
Restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	258	-	-	-	-	-	192	-	-	-	-	-	-	-	-	-	-	-406	203	0	141	407	6,080
Total operating expenses
210,381	200,680	182,572	180,850	172,137	162,993	146,098	146,125	151,632	142,110	123,527	127,668	122,312	124,703	116,867	122,536	108,223	114,399	96,251	101,988	91,950	93,123	86,252	94,072	79,924	85,301	70,124	72,384	65,642	77,846	63,591	67,753	63,714	69,016	55,700	59,887	56,780	53,083	60,126
(Loss) from operations
-24,318	-1,745	-46,767	-52,338	-34,028	15,453	-17,258	-23,163	7,936	38,518	-2,301	-8,947	65,907	24,661	5,498	6,360	14,125	36,791	10,711	5,250	11,909	29,693	4,997	2,222	14,627	24,304	13,789	7,053	12,951	27,790	401	-2,684	5,919	3,704	-2,008	3,234	5,564	1,943	-9,140
Foreign currency transaction loss
-5,947	1,242	-1,970	2,105	-3,712	1,863	399	1,244	-1,085	136	-5,052	-2,242	745	6,596	1,082	306	1,376	174	-412	-968	-2,962	-1,242	-2,845	-4	322	73	661	-437	-1,890	443	438	-841	740	-1,075	-1,049	173	1,016	1,513	-2,542
Interest income
607	-15	556	544	723	629	683	629	764	315	140	202	205	261	172	188	290	249	278	216	313	215	181	163	124	148	123	135	118	101	113	94	111	119	102	91	86	180	171
Interest expense
2,306	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on capped call transactions
-18,592	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
1,374	181	323	55	0	0	0	0	363	-1,678	0	566	-279	-689	-1,237	-1,356	-2,298	-	-331	3	-	48	19	6	-532	-217	-1,163	-94	839	-184	-920	263	-839	491	504	-167	28	572	1
(Loss) before (benefit from) income taxes
-49,182	-337	-47,858	-49,634	-37,017	17,945	-16,176	-21,290	7,978	37,291	-7,213	-10,421	66,578	30,829	5,515	5,498	13,493	36,498	10,246	4,501	9,260	28,714	2,352	2,387	14,541	24,308	13,410	6,657	12,018	28,150	32	-3,168	5,931	3,239	-2,451	3,331	6,694	4,208	-11,510
(Benefit from) income taxes
-23,810	-1,255	-17,520	-17,338	-8,300	1,532	-8,589	-10,881	-4,222	-3,304	-8,501	-14,123	13,615	4,051	2,214	962	3,093	15,540	3,921	1,397	3,325	8,610	470	883	4,776	8,747	4,700	1,954	2,949	7,741	363	-901	1,874	5,094	-7,410	1,058	1,963	1,069	-3,322
Net (loss)
-25,372	918	-30,338	-32,296	-28,717	16,413	-7,587	-10,409	12,200	40,595	1,288	3,702	52,963	26,778	3,301	4,536	10,400	20,958	6,325	3,104	5,935	20,104	1,882	1,504	9,765	15,561	8,710	4,703	9,069	20,409	-331	-2,267	4,057	-1,855	4,959	2,273	4,731	3,139	-8,188
(Loss) per share
Basic (in dollars per share)
-0.32	0.02	-0.38	-0.41	-0.37	0.21	-0.10	-0.13	0.16	0.52	0.01	0.05	0.69	0.35	0.04	0.06	0.14	0.27	0.08	0.04	0.08	0.27	0.02	0.02	0.13	0.21	0.11	0.06	0.12	-	-0.01	-	0.11	-0.05	0.13	0.06	0.13	0.08	-0.22
Diluted (in dollars per share)
-0.32	0.02	-0.38	-0.41	-0.37	0.21	-0.10	-0.13	0.15	0.49	0.01	0.04	0.65	0.33	0.04	0.06	0.13	0.26	0.08	0.04	0.08	0.26	0.02	0.02	0.12	0.20	0.11	0.06	0.12	-	-0.01	-	0.10	-0.05	0.13	0.06	0.12	0.08	-0.22
Weighted-average number of common shares outstanding
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06	-	-	-	-	-	-	-
Basic (in shares)
79,808	79,449	79,200	78,987	78,584	78,685	78,700	78,635	78,236	77,959	77,691	77,313	76,761	76,401	76,278	76,318	76,375	76,467	76,534	76,626	76,401	76,373	76,351	76,286	76,298	76,082	75,910	75,898	75,894	189,322	37,881	37,865	37,756	37,715	37,588	37,405	37,276	36,996	37,054
Diluted (in shares)
79,808	79,449	79,200	78,987	78,584	91,819	78,700	78,635	83,102	83,185	83,323	82,945	81,875	80,723	79,548	79,422	79,235	79,456	79,174	78,950	78,592	78,530	78,653	78,280	78,661	78,664	78,158	77,498	77,576	196,237	37,881	37,865	38,889	41,032	38,930	38,851	38,803	38,534	37,054
Cash dividends declared per share
-	-	-	-	-	-	-	-	-	-	0.03	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.03	-	0.03	0.03	0.01	-	0.01	0.01	0.01	-	0.03	0.03	0.03	-	0.03	0.03	0.03	0.03	0.03
Software license
Revenue
93,916	113,905	58,005	44,274	63,264	103,220	52,342	44,784	87,773	107,902	53,234	51,150	127,008	89,435	68,833	70,671	68,345	95,168	58,948	63,497	57,975	77,418	48,292	54,012	52,614	63,659	44,802	40,206	43,209	68,389	28,575	30,999	35,943	45,354	25,346	34,645	33,462	33,889	28,200
Total cost of revenue
684	674	676	928	1,378	1,397	1,255	1,262	1,255	1,259	1,276	1,250	1,300	1,297	1,313	1,312	1,021	1,019	1,000	1,030	1,076	1,127	1,076	1,177	1,579	1,530	1,592	1,576	1,583	1,576	1,585	1,579	1,599	1,751	1,637	1,631	1,674	1,571	1,109
Maintenance
Revenue
-	-	70,371	69,329	-	67,427	66,017	65,906	64,525	62,371	61,812	59,424	58,713	55,461	55,038	55,161	52,975	52,436	52,285	49,329	48,752	48,684	47,281	45,393	44,881	45,071	37,979	37,937	36,322	35,870	32,317	34,495	30,845	31,397	29,971	28,294	27,448	23,418	20,388
Total cost of revenue
5,576	6,341	6,688	6,292	6,335	6,530	6,079	5,874	6,082	6,960	6,716	7,011	7,218	6,616	6,659	6,315	5,915	5,603	5,644	5,476	5,180	4,921	5,385	5,044	4,664	4,166	3,599	3,772	3,735	3,715	3,745	3,718	3,609	3,463	2,980	3,260	3,374	3,187	2,715
Services
Revenue
97,980	89,463	88,327	91,989	81,576	85,710	84,904	86,089	82,884	84,332	75,911	76,022	70,588	66,677	58,931	63,164	57,538	56,751	51,170	49,193	47,191	42,822	42,058	43,580	42,969	44,652	39,230	39,172	36,715	39,571	40,765	39,562	44,379	38,543	40,186	40,579	41,450	32,709	33,658
Total cost of revenue
73,268	70,592	73,534	69,860	66,724	69,984	67,089	66,681	68,277	65,758	61,739	59,614	59,572	54,296	52,465	52,473	49,574	46,543	48,797	48,275	43,803	40,060	39,921	40,470	39,670	38,081	32,907	32,530	32,335	32,903	32,335	34,690	36,326	37,360	37,194	35,506	34,968	30,232	27,436