PROGRESS SOFTWARE CORP /MA PRGS Income Statement

Progress software corp /ma (PRGS)

Income statement / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Aug'09
Revenue:
Total revenue
433,432	413,298	394,364	380,251	373,120	378,981	388,538	393,245	393,594	389,154	399,217	403,925	406,830	405,341	400,336	392,955	385,654	377,554	362,729	347,366	339,376	332,533	325,619	323,923	324,801	333,996	324,916	321,709	314,132	317,612	175,890	226,030	286,586	333,610	361,102	365,328	358,300	351,610	503,373	0	0	0
Costs of revenue:
Total costs of revenue
74,088	75,241	71,206	67,077	66,109	66,973	68,201	69,580	70,304	69,159	67,738	66,852	65,720	65,712	64,410	62,353	61,864	63,742	59,645	52,374	44,006	34,259	31,215	31,873	32,984	34,982	34,453	35,422	35,543	36,314	-9,600	5,756	23,303	36,777	42,337	42,202	41,276	41,153	96,467	0	0	0
Gross profit
359,344	338,057	323,158	313,174	307,011	312,008	320,337	323,665	323,290	319,995	331,479	337,073	341,110	339,629	335,926	330,602	323,790	313,812	303,084	294,992	295,370	298,274	294,404	292,050	291,817	299,014	290,463	286,287	278,589	281,298	185,490	220,274	263,283	296,833	318,765	323,126	317,024	310,457	406,906	0	0	0
Operating expenses:
Sales and marketing
103,576	101,701	100,530	97,105	93,931	93,036	95,773	97,180	96,758	101,051	102,969	109,662	117,564	121,501	120,908	121,060	123,774	124,867	122,758	115,231	107,738	101,496	98,256	100,333	101,864	105,997	104,376	104,792	98,275	98,838	24,692	43,383	68,322	83,815	101,937	97,638	93,466	91,974	168,219	0	0	0
Product development
90,336	88,572	85,038	81,250	79,384	79,739	80,648	80,930	79,899	76,988	78,532	80,618	84,124	88,587	87,191	85,907	85,900	86,924	78,930	73,483	66,673	58,965	59,996	59,636	58,827	57,336	52,069	50,085	45,801	44,443	14,363	19,838	29,588	38,183	40,701	44,536	47,552	50,080	90,859	0	0	0
General and administrative
53,823	53,360	51,825	50,537	50,073	49,050	48,071	47,017	46,433	45,739	43,815	44,062	44,720	46,532	51,285	53,950	55,359	57,294	55,039	53,125	50,880	48,292	48,921	50,419	53,055	55,994	56,575	57,290	61,240	61,989	63,640	69,607	65,335	61,772	59,182	50,777	50,483	51,413	55,884	0	0	0
Amortization of acquired intangibles
23,198	22,255	18,126	14,377	13,110	13,241	13,274	13,274	13,179	13,039	12,900	12,767	12,729	12,735	12,742	12,742	12,728	12,745	9,784	6,714	3,691	653	639	734	753	760	712	708	749	820	-4,995	-3,293	-1,519	513	1,135	1,959	2,713	2,803	10,143	0	0	0
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring Charges
6,925	6,300	3,911	3,245	894	2,300	5,858	6,646	6,882	22,200	20,195	19,236	18,905	1,700	4,503	7,100	10,579	12,989	8,981	8,100	4,414	2,266	4,856	8,577	11,219	11,983	10,184	6,194	8,164	7,204	4,822	4,780	1,188	3,302	-10,169	-5	-946	22,711	37,296	0	0	0
Acquisition-related expenses
2,014	1,700	1,532	1,321	257	300	784	1,493	1,494	1,500	1,635	937	1,217	1,240	1,510	2,119	2,805	4,239	5,892	5,802	6,422	5,862	4,123	4,508	4,150	3,204	2,229	1,272	0	215	215	215	0	-	0	0	-	0	578	0	0	0
Fees related to shareholder activist
-	-	0	0	-	1,472	3,492	3,492	3,278	2,020	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
303,957	297,973	266,018	252,891	242,919	244,194	247,868	250,000	247,891	262,505	352,038	364,325	376,302	369,338	283,190	282,878	291,145	299,058	281,384	262,455	239,818	217,534	216,791	224,207	229,868	235,274	226,145	220,341	214,229	213,509	103,273	135,066	163,665	188,121	192,318	194,490	192,853	218,981	362,979	0	0	0
Income from operations
55,387	40,084	57,140	60,283	64,092	67,814	72,469	73,665	75,399	57,490	-20,559	-27,252	-35,192	-29,709	52,736	47,724	32,645	14,754	21,700	32,537	55,552	80,740	77,613	67,843	61,949	63,740	64,318	65,946	64,360	67,789	82,217	85,208	99,618	108,712	126,447	128,636	124,171	91,476	43,927	0	0	0
Other (expense) income:
Interest expense
11,316	9,913	8,295	6,311	5,373	5,149	4,950	4,834	4,714	4,631	4,389	4,342	4,203	4,178	3,959	3,772	3,706	3,788	3,215	2,350	1,561	572	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income and other, net
1,125	1,143	1,209	1,154	1,041	1,220	1,165	1,082	1,108	921	870	891	898	839	713	903	1,093	1,446	1,885	-365	-65	83	317	2,488	1,978	1,846	1,368	2,014	2,513	2,574	2,739	2,032	2,003	1,999	2,067	2,372	2,239	3,132	3,237	0	0	0
Foreign currency loss, net
-2,792	-2,819	-3,140	-3,312	-3,104	-3,089	-1,773	-1,245	-1,659	-1,317	-1,877	-1,833	-1,788	-2,232	-2,371	-2,625	-2,545	-58	-283	-190	-383	-2,447	-2,116	-1,775	-1,586	-2,158	-2,711	-3,177	-3,135	-2,378	-1,779	-2,202	-2,213	-2,518	-3,867	-5,119	-1,276	626	1,531	0	0	0
Total other expense, net
-12,983	-11,589	-10,226	-8,469	-7,436	-7,018	-5,558	-4,997	-5,265	-5,027	-5,396	-5,284	-5,093	-5,571	-5,617	-5,494	-5,158	-2,400	-1,613	-2,905	-2,009	-2,936	-2,874	-240	-403	-957	-1,343	-1,163	-622	196	960	-170	-210	-519	-1,800	-2,747	963	3,758	4,768	0	0	0
Income before income taxes
42,404	28,495	46,914	51,814	56,656	60,796	66,911	68,668	70,134	52,463	-25,955	-32,536	-40,285	-35,280	47,119	42,230	27,487	12,354	20,087	29,632	53,543	77,804	74,739	67,603	61,546	62,783	62,975	64,783	63,738	67,985	83,177	85,038	99,408	108,193	124,647	125,889	125,134	95,234	48,695	0	0	0
Provision for income taxes
4,290	2,095	7,130	11,197	11,316	11,126	17,852	22,827	26,856	23,442	26,850	23,865	19,182	20,446	38,525	45,338	32,101	21,155	4,951	-725	16,156	28,346	25,127	21,882	20,482	23,006	21,411	22,679	20,921	23,031	31,308	31,325	36,590	36,804	41,306	42,892	41,039	32,666	15,878	0	0	0
Income from discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,130	54,332	34,787	28,256	2,490	-17,659	0	0	-	0	-	-	-	-	-	-	-
Net income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74,907	95,896	76,891	71,073	47,444	23,508	26,729	46,597	59,629	68,342	68,527	69,625	48,098	32,817	0	0	0
Net income
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	49,612	45,721	41,064	39,777	41,564	42,104	42,817	44,954	38,137	0	0	-	0	-	-	-	-	-	-	-
Basic:
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.33	-0.08	0.37	0.31	-0.03	-0.17	-0.07	-	-0.01	-	-	-	-	-	-	-
Basic (in dollars per share)
0.47	-	0.30	0.18	0.21	-	0.32	0.28	0.30	-	0.23	0.21	-0.01	-	0.16	0.15	0.06	-	-0.08	0.11	-0.02	-	0.22	0.25	0.22	0.28	0.13	0.15	0.17	0.26	0.12	0.14	0.19	-	0.15	-	-	-	-	-	-	-
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	0.46	0.07	0.54	0.57	0.09	-0.03	0.12	0.19	0.14	0.27	0.31	0.33	0.14	0.30	-0.02	0.14
Diluted:
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	0.32	-0.08	0.36	0.31	-0.03	-0.17	-0.07	-	-0.01	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.46	-	0.30	0.18	0.21	-	0.32	0.28	0.29	-	0.23	0.21	-0.01	-	0.15	0.14	0.06	-	-0.08	0.11	-0.02	-	0.22	0.25	0.21	0.27	0.13	0.15	0.17	0.26	0.12	0.14	0.19	-	0.14	-	-	-	-	-	-	-
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.29	0.46	0.07	0.53	0.56	0.09	-0.03	0.12	0.20	0.13	0.26	0.29	0.32	0.14	0.29	-0.02	0.13
Weighted average shares outstanding:
Basic (in shares)
44,897	44,881	44,716	44,611	44,956	45,054	45,130	45,531	46,529	47,491	48,071	48,221	48,733	48,630	48,611	49,873	50,810	50,434	50,120	50,342	50,668	50,434	50,383	51,049	51,494	51,712	53,532	54,919	57,901	62,859	63,469	63,051	62,145	63,076	65,861	66,897	66,986	65,568	64,836	63,805	61,619	40,117
Diluted (in shares)
45,515	45,484	45,303	45,287	45,286	45,401	45,576	46,087	47,476	48,471	48,370	48,490	48,733	46,995	49,135	50,354	51,440	49,691	50,120	51,085	50,668	51,095	50,931	51,673	52,165	52,639	54,389	55,736	58,752	64,678	64,105	63,051	63,130	63,975	67,280	69,246	69,659	70,238	66,636	66,355	61,619	41,261
Cash dividends declared per common share (in dollars per share)
0.16	0.16	0.15	0.15	0.15	0.15	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Software licenses
Total revenue
130,379	122,552	111,584	103,750	96,548	99,800	106,632	112,309	115,375	113,643	126,940	132,035	135,230	134,863	130,823	129,039	128,974	130,250	126,949	121,502	120,768	117,801	114,037	113,310	114,669	122,312	116,514	113,485	104,644	106,626	49,532	65,608	90,519	109,966	125,053	131,088	129,899	125,680	175,266	0	0	0
Total costs of revenue
5,116	4,894	4,494	4,367	4,675	4,769	4,976	5,236	5,425	5,752	5,664	5,751	5,562	5,456	5,592	5,609	5,741	5,979	5,971	6,335	6,109	6,396	6,807	6,589	6,806	6,889	6,579	6,367	6,368	5,776	1,847	2,793	3,757	4,640	6,619	6,323	5,621	5,229	7,391	0	0	0
Maintenance and services
Total revenue
303,053	290,746	282,780	276,501	276,572	279,181	281,906	280,936	278,219	275,511	272,277	271,890	271,600	270,478	269,513	263,916	256,680	247,304	235,780	225,864	218,608	214,732	211,582	210,613	210,132	211,684	208,402	208,224	209,488	210,986	126,358	160,422	196,067	223,644	236,049	234,240	228,401	225,930	328,107	0	0	0
Total costs of revenue
46,875	44,463	42,207	40,154	39,085	39,470	40,020	40,880	42,631	43,299	44,267	45,122	44,923	44,760	42,975	40,762	39,987	40,933	39,763	35,373	30,794	24,864	21,986	23,167	24,448	26,753	27,073	28,644	28,768	29,878	-2,240	8,343	21,135	30,143	33,289	32,577	30,998	30,144	69,043	0	0	0
Amortization of acquired intangibles
Total costs of revenue
22,097	25,884	24,505	22,556	22,349	22,734	23,205	23,464	22,248	20,108	17,807	15,979	15,235	15,496	15,843	15,982	16,136	16,830	13,911	10,666	7,103	2,999	2,422	2,117	1,730	1,340	801	411	407	660	-9,207	-5,380	-1,589	1,994	2,429	3,302	4,657	5,780	20,033	0	0	0