RADIANT LOGISTICS, INC RLGT Income Statement

Radiant logistics, inc (RLGT)

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	Dec'10	Sep'10
Revenues
784,339	813,166	872,177	890,517	919,674	917,547	863,323	842,417	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Cost of transportation and other services
566,541	590,403	641,411	660,416	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	-	777,613	758,248	754,776	762,217	782,579	796,349	720,302	619,928	502,665	408,686	392,467	370,662	349,133	327,596	314,354	308,388	310,835	311,924	309,882	304,318	297,003	286,127	257,409	229,292	203,820	0	0	0
Cost of transportation and other services
-	-	-	-	-	-	-	-	-	-	589,227	582,977	566,855	567,291	577,260	595,918	613,538	552,187	471,817	378,942	299,887	286,842	268,323	249,897	233,076	222,157	218,973	222,402	223,649	222,897	218,610	212,294	203,144	181,717	159,667	141,315	0	0	0
Net revenues
-	-	-	-	-	-	-	-	-	-	-	194,636	191,393	187,485	184,957	186,661	182,811	168,114	148,111	123,723	108,798	105,624	102,339	99,235	94,520	92,196	89,414	88,432	88,275	86,984	85,708	84,708	82,982	75,691	69,624	62,504	0	0	0
Operating partner commissions
96,145	98,918	101,903	102,553	103,738	102,807	93,980	88,844	83,892	83,119	86,548	90,207	89,260	86,794	85,528	84,475	80,481	75,467	68,674	60,356	57,064	55,990	53,999	53,654	52,916	52,527	52,805	52,465	52,479	52,261	51,829	52,427	52,727	49,314	46,412	42,352	0	0	0
Personnel costs
59,604	59,998	60,677	60,375	60,250	60,115	59,118	58,566	57,266	55,100	53,145	51,930	51,461	52,141	52,466	54,131	54,373	48,410	42,108	34,225	27,311	25,485	23,905	21,836	20,268	19,383	18,175	17,441	16,322	15,165	14,055	13,191	12,364	10,587	9,070	7,733	0	0	0
Selling, general and administrative expenses
29,376	28,161	29,003	28,463	28,372	28,156	26,986	26,165	26,296	25,275	24,492	23,971	23,700	23,990	25,050	25,731	25,231	22,945	19,198	15,384	12,188	11,366	11,111	10,728	9,185	8,248	7,804	8,440	10,137	11,339	11,587	11,348	10,147	8,225	6,933	5,335	0	0	0
Transition costs associated with DBA acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Change in contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Transition costs associated with DBA acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Depreciation and amortization
16,327	15,892	15,612	15,209	14,902	14,695	14,447	14,389	14,092	13,457	12,918	12,349	11,811	11,843	11,934	12,033	11,961	10,204	8,184	6,359	4,886	4,839	4,981	4,532	4,181	3,880	3,654	3,943	4,189	4,287	3,872	3,142	2,440	1,663	1,390	1,325	0	0	0
Transition, lease termination, and other costs
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transition and lease termination costs
-	-	-20	-	-	-	69	176	1,060	1,506	1,891	2,260	2,143	2,486	3,258	5,945	5,504	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of acquired intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transition and lease termination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,018	0	0	0	-	-	-	-
Change in fair value of contingent consideration
26	-588	-1,097	-1,207	-2,283	-1,637	-971	-1,176	1,563	2,265	2,881	3,431	2,168	1,873	1,665	1,003	-2,143	-3,014	-3,783	-3,921	-1,832	-2,548	-2,395	-2,040	-3,232	-2,762	-3,070	-2,825	0	0	0	-	-	-	-	-	-	-	-
Change in contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Total operating expenses
768,347	793,112	847,489	865,798	894,552	895,734	847,542	829,236	651,220	492,446	334,249	184,148	180,543	179,127	183,581	186,998	179,068	162,388	138,316	113,173	100,013	95,528	91,601	88,711	83,319	81,277	80,913	81,010	82,927	83,878	81,230	80,228	79,176	70,935	64,671	57,329	0	0	0
Income from operations
15,992	20,054	24,688	24,719	25,122	21,813	15,781	13,181	7,186	7,748	9,355	10,488	10,850	8,358	1,376	-337	3,743	5,725	9,794	10,550	8,785	10,096	10,737	10,524	11,201	10,919	8,501	7,422	5,347	3,106	4,477	4,480	3,806	4,755	4,952	5,174	0	0	0
Other income (expense):
Interest income
62	58	53	50	46	43	39	34	35	31	28	25	18	42	44	47	60	30	23	17	3	5	6	8	9	11	14	15	17	18	18	19	20	20	20	21	0	0	0
Interest expense
2,748	2,680	2,941	3,023	3,118	3,189	3,127	3,109	2,986	2,845	2,654	2,522	2,686	3,442	4,140	4,919	5,650	4,421	3,199	1,873	417	365	764	1,194	1,620	2,024	2,041	2,015	1,992	1,974	1,672	1,269	888	447	278	228	0	0	0
Loss on write-off of loan fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency transaction gain (loss)
112	-81	103	160	294	325	111	-8	-265	-307	-64	222	666	621	651	700	-398	-383	-563	-739	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
180	140	155	274	337	391	428	408	313	295	315	379	641	541	449	350	112	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gain on litigation settlement, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0	0	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	227	281	346	344	415	399	323	0	0	0	-	-	-	-
Total other expense
-2,394	-2,563	-2,630	-2,539	-2,441	-2,430	-2,549	-2,675	-2,903	-2,826	-2,375	-1,896	-2,541	-3,418	-4,176	-5,002	-5,953	-4,714	-3,681	-2,579	-227	-101	-1,789	-2,260	-2,631	-3,023	-1,377	-1,285	-1,263	-1,172	-1,254	-926	-571	-178	-142	-138	0	0	0
Income before income taxes
13,598	17,491	22,058	22,180	22,681	19,383	13,232	10,506	4,283	4,922	6,980	8,592	8,309	4,940	-2,800	-5,339	-2,210	1,011	6,113	7,971	8,557	9,995	8,948	8,263	8,569	7,895	7,123	6,136	4,084	1,933	3,223	3,554	3,235	4,576	4,810	5,036	0	0	0
Income tax expense
2,857	3,697	4,610	4,800	4,957	4,138	424	73	-699	-282	3,047	3,673	2,998	2,250	-867	-1,886	-1,064	-897	1,347	2,016	2,670	3,798	3,331	3,081	3,151	3,230	2,682	2,371	1,740	527	1,413	1,474	1,477	1,996	1,921	2,025	0	0	0
Net income
10,741	13,794	17,448	17,380	17,724	15,245	12,808	10,433	4,982	5,204	3,933	4,919	5,311	2,690	-1,933	-3,453	-1,145	1,909	4,766	5,955	5,887	6,196	5,616	5,181	5,418	4,664	4,440	3,765	2,343	1,406	1,809	2,079	1,757	2,580	2,888	3,010	0	0	0
Less: net income attributable to non-controlling interest
405	579	950	1,034	997	772	364	245	153	146	106	57	55	60	63	66	71	70	72	80	76	74	69	63	63	75	94	107	134	153	160	177	177	155	164	159	0	0	0
Net income attributable to Radiant Logistics, Inc.
10,336	13,215	16,498	16,346	16,727	14,473	12,444	10,188	4,829	5,058	3,827	4,862	5,256	2,630	-1,996	-3,519	-1,216	1,838	4,693	5,875	5,810	6,122	5,547	5,118	5,355	4,588	4,346	3,657	2,209	1,252	1,649	1,901	1,579	2,424	2,723	2,851	0	0	0
Less: preferred stock dividends
0	0	445	956	1,469	1,980	2,046	2,046	2,046	2,046	2,046	2,046	2,046	2,046	2,046	2,046	2,044	2,045	2,045	2,046	2,045	1,602	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: issuance costs for preferred stock redemption
0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to common stockholders
10,336	13,215	14,394	13,731	13,599	10,834	10,398	8,142	2,783	3,012	1,781	2,816	3,210	584	-4,042	-5,565	-3,261	-206	2,647	3,829	3,764	4,076	3,944	4,027	3,305	0	0	-	0	-	-	-	-	-	-	-	-	-	-
Other comprehensive income:
Foreign currency translation gain (loss)
463	-526	420	1	485	1,209	621	121	-611	-1,166	-1,059	-33	260	-390	-141	493	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
11,204	13,268	17,868	17,381	18,209	16,454	13,429	10,554	4,894	4,561	3,397	4,886	4,523	721	-4,183	-5,072	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income per share attributable to common stockholders:
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	0.01	-	10.00	0.04	0.03	-	-0.05	-0.05	0.00	-	0.02	0.01	0.03	-	0.03	0.01	0.03	-	0.03	0.00	0.01	-	-	0.01	0.02	-	-	0.02	0.03
Basic
0.00	0.05	0.07	0.09	0.06	0.08	0.05	-	0.00	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	0.03	-	-
Diluted
0.00	0.05	0.06	0.09	0.06	0.07	0.05	-	0.00	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	0.02	-	-
Weighted average common shares outstanding:
Basic
49,577	49,760	49,662	49,572	49,515	49,461	49,437	49,364	49,334	49,174	49,085	48,894	48,817	48,789	48,861	48,799	48,745	48,732	47,375	42,050	34,758	34,627	34,349	34,212	33,713	33,601	33,337	33,318	33,091	33,041	33,031	32,917	32,493	31,954	31,676	30,587	30,514	30,122	30,471
Diluted
50,974	51,395	51,428	51,391	51,169	51,064	50,705	50,554	50,630	50,711	50,642	50,470	50,169	49,799	49,534	48,799	48,745	48,732	47,375	43,597	36,476	36,184	35,827	35,758	35,550	35,379	35,144	33,558	35,098	35,384	35,602	38,474	32,493	34,874	34,609	33,428	32,719	31,212	30,723