Perficient, inc. (PRFT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
Reimbursable expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,011

5,267

4,620

4,215

4,038

3,810

3,467

4,286

4,804

4,480

3,678

4,370

4,570

4,048

3,524

3,307

4,076

4,060

3,917

4,172

3,820

2,998

2,659

2,520

2,377

Revenues

145,562

145,159

144,684

141,869

133,815

131,702

123,933

121,798

120,942

133,478

123,738

117,026

111,019

119,590

119,153

124,396

123,843

133,650

120,909

108,464

110,598

125,842

116,971

116,709

97,170

97,465

96,758

94,167

84,935

83,128

87,474

81,796

74,698

70,433

70,174

65,587

56,245

54,648

55,460

Cost of revenues (exclusive of depreciation and amortization, shown separately below):
Reimbursable expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,011

5,267

4,620

4,215

4,038

3,810

3,467

4,286

4,804

4,480

3,678

4,370

4,570

4,048

3,524

3,307

4,076

4,060

3,917

4,172

3,820

2,998

2,659

2,520

2,377

Other project-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

750

886

786

1,234

1,252

1,022

1,000

1,090

1,027

1,035

926

438

1,320

1,648

1,486

1,403

1,448

Total cost of revenues

93,217

89,392

89,235

89,515

86,071

81,826

79,183

79,595

79,227

90,030

81,139

77,635

74,944

83,266

82,741

86,076

83,619

89,803

80,507

73,563

74,538

85,351

77,434

78,861

65,711

64,341

62,895

63,569

59,421

57,356

59,247

55,039

52,051

49,127

47,857

44,365

39,956

38,197

38,508

Gross margin

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,412

38,320

40,224

-

40,402

34,901

36,060

40,491

39,537

37,848

31,459

33,124

33,863

30,598

25,514

25,772

28,227

26,757

22,647

21,306

22,317

21,222

16,289

16,451

16,952

Selling, general and administrative

33,221

33,969

34,534

33,161

32,523

32,538

29,322

27,884

28,740

29,308

27,072

26,128

25,684

24,485

24,475

25,590

26,714

27,392

23,715

24,813

24,043

24,847

22,239

22,433

20,683

20,347

20,532

18,851

17,871

15,788

17,714

16,559

14,792

13,389

13,797

13,222

11,264

11,705

12,445

Depreciation

1,288

1,266

1,095

1,070

1,016

1,015

995

1,028

1,034

1,135

1,123

1,205

1,259

1,249

1,212

1,214

1,192

1,174

1,148

1,093

1,081

1,020

932

870

912

928

932

719

683

661

612

515

463

547

484

398

325

225

195

Amortization

3,922

4,056

3,997

4,010

4,137

4,371

4,009

4,137

3,883

3,902

3,936

3,537

3,625

3,463

3,266

3,306

3,365

3,250

3,357

3,411

3,801

3,942

4,045

3,730

2,736

2,224

1,955

2,018

1,777

2,163

2,258

1,841

1,565

1,678

1,984

1,536

1,143

975

1,072

Acquisition costs

1,813

301

17

616

-38

535

497

542

298

76

-100

893

490

537

310

162

243

726

488

21

0

951

-74

1,076

1,493

854

29

1,439

-25

40

9

1,121

701

18

1

727

503

0

0

Adjustment to fair value of contingent consideration

-335

611

-2

116

-424

60

666

121

969

4,063

-389

-597

158

137

-865

-1,189

238

172

99

89

85

428

0

-1,677

-214

389

-69

-33

0

952

-97

-167

-171

2,438

-334

-458

-60

-15

30

Income from operations

12,436

15,613

15,808

13,381

10,530

11,401

9,261

8,491

6,791

4,939

10,957

8,225

4,859

6,482

8,014

9,237

8,472

11,133

11,595

5,474

7,050

9,731

12,395

11,416

5,421

8,586

10,346

7,538

5,208

7,038

7,537

6,554

4,955

4,940

5,717

4,881

2,994

3,531

3,270

Net interest expense

-1,926

-1,867

-1,895

-1,863

-1,793

-1,842

-831

-513

-374

-394

-440

-657

-347

-314

-335

-467

-520

-483

-501

-548

-553

-384

-462

-425

-167

-139

-96

-53

-5

-12

-93

-25

-13

2

-1

31

36

37

41

Net other expense (income)

-7

-7

-10

9

35

32

6

-52

2

-83

15

51

18

35

-89

97

-103

-32

-29

9

-280

-84

10

49

20

142

7

-83

46

-5

5

-2

46

50

13

-24

6

31

-8

Income before income taxes

10,503

13,739

13,903

11,527

8,772

9,591

8,436

7,926

6,419

4,462

10,532

7,619

4,530

6,203

7,590

8,867

7,849

10,618

11,065

4,935

6,217

9,263

11,943

11,040

5,274

8,589

10,257

7,402

5,249

7,021

7,449

6,527

4,988

4,992

5,729

4,888

3,036

3,599

3,303

Provision for income taxes

1,529

1,947

4,124

2,999

1,746

2,114

2,131

2,077

1,491

-1,974

3,505

5,210

1,821

2,510

2,045

3,052

2,443

3,048

3,691

938

2,151

2,838

4,637

4,653

2,229

3,076

3,023

2,840

1,126

2,645

2,307

2,924

2,002

2,271

2,263

2,121

1,243

1,346

1,252

Net income

8,974

11,792

9,779

8,528

7,026

7,477

6,305

5,849

4,928

6,436

7,027

2,409

2,709

3,693

5,545

5,815

5,406

7,570

7,374

3,997

4,066

6,425

7,306

6,387

3,045

5,513

7,234

4,562

4,123

4,376

5,142

3,603

2,986

2,721

3,466

2,767

1,793

2,253

2,051

Basic net income per share (in dollars per share)

0.28

0.38

0.31

0.27

0.22

0.24

0.19

0.18

0.15

0.19

0.22

0.07

0.08

0.11

0.16

0.17

0.16

0.23

0.22

0.12

0.12

0.20

0.23

0.20

0.10

0.18

0.24

0.15

0.14

0.15

0.17

0.12

0.10

0.10

0.12

0.10

0.07

0.08

0.08

Diluted net income per share (in dollars per share)

0.27

0.36

0.30

0.27

0.22

0.22

0.19

0.17

0.15

0.19

0.21

0.07

0.08

0.09

0.16

0.17

0.16

0.21

0.22

0.12

0.12

0.20

0.22

0.19

0.09

0.17

0.23

0.14

0.13

0.14

0.16

0.12

0.10

0.09

0.12

0.10

0.06

0.08

0.07

Shares used in computing basic net income per share (in shares)

31,637

31,411

31,246

31,343

31,376

31,488

32,648

32,772

32,752

33,066

32,673

32,942

33,383

34,059

34,128

33,994

33,911

33,755

33,498

33,333

33,046

32,381

32,118

31,564

30,729

30,315

30,141

30,428

30,292

30,325

30,021

29,242

28,556

27,941

27,744

27,852

27,442

26,594

27,183

Shares used in computing diluted net income per share (in shares)

32,876

32,559

32,159

32,040

32,214

32,684

33,645

33,889

33,790

34,232

33,991

33,747

34,294

35,242

35,077

34,843

34,842

34,807

34,187

34,138

34,164

33,404

33,329

33,271

32,628

32,155

31,808

31,768

31,501

31,810

31,674

30,815

30,045

29,575

29,518

29,002

28,640

27,964

28,736

Services
Revenues

145,402

143,758

144,060

141,234

132,866

130,014

122,879

120,912

120,196

117,427

117,415

107,756

104,021

116,441

102,958

107,882

109,747

110,303

105,351

97,186

98,629

99,888

99,975

98,316

88,489

86,040

86,568

80,414

73,567

71,755

75,948

72,678

66,167

61,255

62,486

59,215

50,210

47,733

47,931

Total cost of revenues

93,217

89,392

89,235

89,515

86,071

81,826

79,183

79,595

79,227

75,595

75,971

69,908

68,979

81,931

67,536

71,067

71,587

67,977

66,274

63,117

64,343

63,585

61,442

61,102

56,745

52,560

52,154

50,163

47,681

45,977

47,843

45,541

43,358

40,219

39,292

36,734

32,998

30,464

30,157

Software and hardware
Revenues

160

1,401

624

635

949

1,688

1,054

886

746

16,051

6,323

9,270

6,998

18,047

11,184

11,247

9,476

19,132

11,520

7,468

8,502

21,668

12,192

13,913

5,003

7,055

5,620

9,705

7,844

8,066

7,450

5,058

4,614

5,006

3,868

3,374

3,376

4,395

5,152

Cost of Goods and Services Sold

-

-

-

-

-

-

-

-

-

14,435

5,168

7,727

5,965

16,233

10,194

9,742

7,412

17,611

10,195

6,636

6,728

19,902

10,438

12,393

4,502

6,177

4,919

8,336

7,216

6,982

6,301

4,403

3,850

4,298

3,425

2,985

2,813

3,810

4,526