PERFICIENT, INC. PRFT Income Statement

Perficient, inc. (PRFT)

Income statement / TTM

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
Revenues
Reimbursable expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,113	18,140	16,683	15,530	15,601	16,367	17,037	17,248	17,332	17,098	16,666	16,512	15,449	14,955	14,967	15,360	16,225	15,969	14,907	13,649	11,997	10,554	0	0	0
Revenues
577,274	565,527	552,070	531,319	511,248	498,375	500,151	499,956	495,184	485,261	471,373	466,788	474,158	486,982	501,042	502,798	486,866	473,621	465,813	461,875	470,120	456,692	428,315	408,102	385,560	373,325	358,988	349,704	337,333	327,096	314,401	297,101	280,892	262,439	246,654	231,940	0	0	0
Cost of revenues (exclusive of depreciation and amortization, shown separately below):
Reimbursable expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,113	18,140	16,683	15,530	15,601	16,367	17,037	17,248	17,332	17,098	16,666	16,512	15,449	14,955	14,967	15,360	16,225	15,969	14,907	13,649	11,997	10,554	0	0	0
Other project-related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,656	4,158	4,294	4,508	4,364	4,139	4,152	4,078	3,426	3,719	4,332	4,892	5,857	5,985	0	0	0
Total cost of revenues
361,359	354,213	346,647	336,595	326,675	319,831	328,035	329,991	328,031	323,748	316,984	318,586	327,027	335,702	342,239	340,005	327,492	318,411	313,959	310,886	316,184	307,357	286,347	271,808	256,516	250,226	243,241	239,593	231,063	223,693	215,464	204,074	193,400	181,305	170,375	161,026	0	0	0
Gross margin
-	-	-	-	-	-	-	-	-	-	-	-	-	-	158,803	162,793	159,374	-	151,854	150,989	153,936	149,335	141,968	136,294	129,044	123,099	115,747	110,111	106,270	103,403	98,937	93,027	87,492	81,134	76,279	70,914	0	0	0
Selling, general and administrative
134,885	134,187	132,756	127,544	122,267	118,484	115,254	113,004	111,248	108,192	103,369	100,772	100,234	101,264	104,171	103,411	102,634	99,963	97,418	95,942	93,562	90,202	85,702	83,995	80,413	77,601	73,042	70,224	67,932	64,853	62,454	58,537	55,200	51,672	49,988	48,636	0	0	0
Depreciation
4,719	4,447	4,196	4,096	4,054	4,072	4,192	4,320	4,497	4,722	4,836	4,925	4,934	4,867	4,792	4,728	4,607	4,496	4,342	4,126	3,903	3,734	3,642	3,642	3,491	3,262	2,995	2,675	2,471	2,251	2,137	2,009	1,892	1,754	1,432	1,143	0	0	0
Amortization
15,985	16,200	16,515	16,527	16,654	16,400	15,931	15,858	15,258	15,000	14,561	13,891	13,660	13,400	13,187	13,278	13,383	13,819	14,511	15,199	15,518	14,453	12,735	10,645	8,933	7,974	7,913	8,216	8,039	7,827	7,342	7,068	6,763	6,341	5,638	4,726	0	0	0
Acquisition costs
2,747	896	1,130	1,610	1,536	1,872	1,413	816	1,167	1,359	1,820	2,230	1,499	1,252	1,441	1,619	1,478	1,235	1,460	898	1,953	3,446	3,349	3,452	3,815	2,297	1,483	1,463	1,145	1,871	1,849	1,841	1,447	1,249	1,231	1,230	0	0	0
Adjustment to fair value of contingent consideration
390	301	-250	418	423	1,816	5,819	4,764	4,046	3,235	-691	-1,167	-1,759	-1,679	-1,644	-680	598	445	701	602	-1,164	-1,463	-1,502	-1,571	73	287	850	822	688	517	2,003	1,766	1,475	1,586	-867	-503	0	0	0
Income from operations
57,238	55,332	51,120	44,573	39,683	35,944	29,482	31,178	30,912	28,980	30,523	27,580	28,592	32,205	36,856	40,437	36,674	35,252	33,850	34,650	40,592	38,963	37,818	35,769	31,891	31,678	30,130	27,321	26,337	26,084	23,986	22,166	20,493	18,532	17,123	14,676	0	0	0
Net interest expense
-7,551	-7,418	-7,393	-6,329	-4,979	-3,560	-2,112	-1,721	-1,865	-1,838	-1,758	-1,653	-1,463	-1,636	-1,805	-1,971	-2,052	-2,085	-1,986	-1,947	-1,824	-1,438	-1,193	-827	-455	-293	-166	-163	-135	-143	-129	-37	19	68	103	145	0	0	0
Net other expense (income)
-15	27	66	82	21	-12	-127	-118	-15	1	119	15	61	-60	-127	-67	-155	-332	-384	-345	-305	-5	221	218	86	112	-35	-37	44	44	99	107	85	45	26	5	0	0	0
Income before income taxes
49,672	47,941	43,793	38,326	34,725	32,372	27,243	29,339	29,032	27,143	28,884	25,942	27,190	30,509	34,924	38,399	34,467	32,835	31,480	32,358	38,463	37,520	36,846	35,160	31,522	31,497	29,929	27,121	26,246	25,985	23,956	22,236	20,597	18,645	17,252	14,826	0	0	0
Provision for income taxes
10,599	10,816	10,983	8,990	8,068	7,813	3,725	5,099	8,232	8,562	13,046	11,586	9,428	10,050	10,588	12,234	10,120	9,828	9,618	10,564	14,279	14,357	14,595	12,981	11,168	10,065	9,634	8,918	9,002	9,878	9,504	9,460	8,657	7,898	6,973	5,962	0	0	0
Net income
39,073	37,125	32,810	29,336	26,657	24,559	23,518	24,240	20,800	18,581	15,838	14,356	17,762	20,459	24,336	26,165	24,347	23,007	21,862	21,794	24,184	23,163	22,251	22,179	20,354	21,432	20,295	18,203	17,244	16,107	14,452	12,776	11,940	10,747	10,279	8,864	0	0	0
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
574,454	561,918	548,174	526,993	506,671	494,001	481,414	475,950	462,794	446,619	445,633	431,176	431,302	437,028	430,890	433,283	422,587	411,469	401,054	395,678	396,808	386,668	372,820	359,413	341,511	326,589	312,304	301,684	293,948	286,548	276,048	262,586	249,123	233,166	219,644	205,089	0	0	0
Total cost of revenues
361,359	354,213	346,647	336,595	326,675	319,831	313,600	310,388	300,701	290,453	296,789	288,354	289,513	292,121	278,167	276,905	268,955	261,711	257,319	252,487	250,472	242,874	231,849	222,561	211,622	202,558	195,975	191,664	187,042	182,719	176,961	168,410	159,603	149,243	139,488	130,353	0	0	0
Software and hardware
Revenues
2,820	3,609	3,896	4,326	4,577	4,374	18,737	24,006	32,390	38,642	40,638	45,499	47,476	49,954	51,039	51,375	47,596	46,622	49,158	49,830	56,275	52,776	38,163	31,591	27,383	30,224	31,235	33,065	28,418	25,188	22,128	18,546	16,862	15,624	15,013	16,297	0	0	0
Cost of Goods and Services Sold
-	-	-	-	-	-	-	-	-	33,295	35,093	40,119	42,134	43,581	44,959	44,960	41,854	41,170	43,461	43,704	49,461	47,235	33,510	27,991	23,934	26,648	27,453	28,835	24,902	21,536	18,852	15,976	14,558	13,521	13,033	14,134	0	0	0