PROGRESS SOFTWARE CORP /MA PRGS Income Statement

Progress software corp /ma (PRGS)

Income statement / Yearly

Nov'19	Nov'18	Nov'17	Nov'16	Nov'15	Nov'14	Nov'13	Nov'12	Nov'11	Nov'10	Nov'09	Nov'08
Revenue:
Total revenue
413,298	378,981	389,154	405,341	377,554	332,533	333,996	317,612	333,610	351,610	494,137	515,560
Costs of revenue:
Total costs of revenue
75,241	66,973	69,159	65,712	63,742	34,259	34,982	36,314	36,777	41,153	93,202	91,889
Gross profit
338,057	312,008	319,995	339,629	313,812	298,274	299,014	281,298	296,833	310,457	400,935	423,671
Operating expenses:
Sales and marketing
101,701	93,036	101,051	121,501	124,867	101,496	105,997	98,838	83,815	91,974	182,227	195,947
Product development
88,572	79,739	76,988	88,587	86,924	58,965	57,336	44,443	38,183	50,080	93,262	87,788
General and administrative
53,360	49,050	45,739	46,532	57,294	48,292	55,994	61,989	61,772	51,413	59,612	62,084
Amortization of acquired intangibles
22,255	13,241	13,039	12,735	12,745	653	760	820	513	2,803	9,047	6,426
Impairment of intangible and long-lived assets
24,096	0	0	97,051	0	0	-	-	-	-	-	-
Impairment of intangible assets
-	-	-	-	-	0	-	-	-	-	-	-
Restructuring Charges
6,300	2,300	22,200	1,700	12,989	2,266	11,983	7,204	3,302	22,711	5,215	6,915
Acquisition-related expenses
1,700	300	1,500	1,240	4,239	5,862	3,204	215	536	0	440	128
Loss on assets held for sale
0	5,147	0	0	-	-	-	-	-	-	-	-
Fees related to shareholder activist
0	1,472	2,020	0	0	-	-	-	-	-	-	-
Total operating expenses
297,973	244,194	262,505	369,338	299,058	217,534	235,274	213,509	188,121	218,981	349,803	359,288
Income from operations
40,084	67,814	57,490	-29,709	14,754	80,740	63,740	67,789	108,712	91,476	51,132	64,383
Other (expense) income:
Interest expense
9,913	5,149	4,631	4,178	3,788	572	645	-	-	-	-	-
Interest income and other, net
1,143	1,220	921	839	1,446	83	1,846	2,574	1,999	3,132	2,702	10,385
Foreign currency loss, net
-2,819	-3,089	-1,317	-2,232	-58	-2,447	-2,158	-2,378	-2,518	626	-2,654	-758
Total other expense, net
-11,589	-7,018	-5,027	-5,571	-2,400	-2,936	-957	196	-519	3,758	48	9,627
Income before income taxes
28,495	60,796	52,463	-35,280	12,354	77,804	62,783	67,985	108,193	95,234	51,180	74,010
Provision for income taxes
2,095	11,126	23,442	20,446	21,155	28,346	23,006	23,031	36,804	32,666	18,425	27,714
Income from discontinued operations, net
-	-	-	-	-	-	35,130	2,490	-11,760	-14,470	-	-
Net income
26,400	49,670	29,021	-55,726	-8,801	49,458	74,907	47,444	59,629	48,098	32,755	46,296
Net income
-	-	-	-	-	-	39,777	44,954	71,389	62,568	-	-
Basic:
Discontinued operations (in dollars per share)
-	-	-	-	-	-	0.64	0.04	-0.18	-0.23	-	-
Basic (in dollars per share)
-	-	-	-	-	-	0.73	0.71	1.09	0.98	-	-
Basic (in dollars per share)
0.59	1.09	0.60	-1.13	-0.17	0.97	1.37	0.75	0.91	0.75	0.54	0.75
Diluted:
Discontinued operations (in dollars per share)
-	-	-	-	-	-	0.63	0.04	-0.17	-0.22	-	-
Diluted (in dollars per share)
-	-	-	-	-	-	0.72	0.71	1.06	0.94	-	-
Diluted (in dollars per share)
0.58	1.08	0.60	-1.13	-0.17	0.96	1.35	0.74	0.88	0.73	0.53	0.72
Weighted average shares outstanding:
Basic (in shares)
44,791	45,561	48,129	49,481	50,391	50,840	54,516	62,881	65,705	63,957	60,155	61,153
Diluted (in shares)
45,340	46,135	48,516	49,481	50,391	51,466	55,379	63,741	67,540	66,212	61,562	64,016
Cash dividends declared per common share (in dollars per share)
0.63	0.57	0.51	0.12	0.00	0.00	-	-	-	-	-	-
Software licenses
Total revenue
122,552	99,800	113,643	134,863	130,250	117,801	122,312	106,626	109,966	125,680	175,566	192,217
Total costs of revenue
4,894	4,769	5,752	5,456	5,979	6,396	6,889	5,776	4,640	5,229	7,776	9,536
Maintenance and services
Total revenue
290,746	279,181	275,511	270,478	247,304	214,732	211,684	210,986	223,644	225,930	318,571	323,343
Total costs of revenue
44,463	39,470	43,299	44,760	40,933	24,864	26,753	29,878	30,143	30,144	65,967	69,321
Amortization of acquired intangibles
Total costs of revenue
25,884	22,734	20,108	15,496	16,830	2,999	1,340	660	1,994	5,780	19,459	13,032