RigNet, Inc. RNET Income Statement

Rignet, inc. (RNET)

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
Revenue
244,182	242,931	239,079	242,856	242,531	238,854	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue
-	-	-	-	-	-	-	-	-	-	-	-	206,354	-	220,050	235,756	255,951	271,260	305,730	327,231	332,781	330,174	303,225	272,262	242,935	220,710	210,283	201,366	183,277	161,669	142,175	123,141	116,098	109,355	103,803	97,448	0	0	0
Expenses:
Cost of revenue (excluding depreciation and amortization)
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue (excluding depreciation and amortization)
-	-	-	149,651	-	-	-	138,180	134,972	-	125,645	123,120	123,358	129,759	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue (excluding depreciation and amortization)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	174,086	156,009	136,280	118,881	113,067	106,777	96,012	81,071	67,157	53,706	0	-	0	0	-	0	0
Cost of revenue (excluding depreciation and amortization)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Depreciation and amortization
29,148	31,129	32,161	33,402	34,079	33,154	32,734	32,320	31,516	30,845	30,862	31,168	32,629	33,556	33,631	33,420	32,618	32,471	32,256	31,692	30,761	29,462	26,988	24,908	22,877	21,049	20,631	20,018	18,575	17,534	16,326	15,206	15,000	14,584	14,390	14,510	0	0	0
Change in fair value of earn-out/contingent consideration
-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill and intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling and marketing
11,249	12,230	12,507	12,451	13,688	12,844	12,245	11,917	9,860	8,347	7,581	6,905	6,716	7,172	7,939	8,344	8,663	9,449	11,475	10,945	10,447	9,298	7,968	7,306	6,571	5,829	3,556	3,510	3,210	3,081	2,917	2,610	2,472	2,276	2,319	2,163	0	0	0
General and administrative
50,989	53,630	55,378	57,667	55,977	53,193	54,561	50,906	48,016	44,842	45,477	44,942	48,640	53,469	52,762	55,824	58,042	63,192	67,456	71,690	72,050	66,402	59,169	54,433	49,809	46,726	46,677	44,069	41,399	37,184	34,736	30,865	28,239	26,960	24,644	23,094	0	0	0
Total expenses
264,033	245,001	298,036	305,832	307,277	299,949	247,777	235,781	224,044	214,880	208,286	204,856	210,461	223,074	237,189	261,368	269,166	282,612	295,173	296,747	301,598	296,090	268,211	242,656	215,537	192,485	183,931	174,374	159,196	138,870	121,281	104,097	97,364	92,465	87,405	83,309	0	0	0
Operating loss
-19,851	-2,070	-58,957	-62,976	-64,746	-61,095	-12,353	-14,283	-13,391	-9,988	-7,449	-4,251	-4,107	-2,451	-17,139	-25,612	-13,215	-11,352	10,557	30,484	31,183	34,084	35,014	29,606	27,398	28,225	26,352	26,992	24,081	22,799	20,894	19,044	18,734	16,890	16,398	14,139	0	0	0
Other income (expense):
Interest expense
6,248	5,958	5,487	4,510	4,248	3,969	3,722	3,604	3,210	2,870	2,589	2,629	2,659	2,708	2,573	2,346	2,211	2,054	2,072	2,158	2,215	2,185	2,538	2,382	2,257	2,283	2,004	2,183	1,872	1,552	1,146	770	990	1,249	1,442	1,557	0	0	0
Other income (expense), net
-406	-13	-463	-635	-430	4	31	898	526	133	146	-489	86	-313	-471	-407	-562	-845	-1,455	-1,525	-1,736	-516	-126	-567	-203	-240	-263	269	195	-493	74	743	627	613	-32	-454	0	0	0
Loss before income taxes
-26,505	-8,041	-64,907	-68,121	-69,424	-65,060	-16,044	-16,989	-16,075	-12,725	-9,892	-7,369	-6,680	-5,472	-20,183	-28,365	-15,988	-14,251	11,718	29,994	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of preferred stock derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	24,085	25,078	22,404	20,754	19,822	19,017	18,371	16,254	14,986	-16	0	0	0
Income tax benefit (expense)
7,099	10,745	3,133	2,447	-683	-2,746	2,386	2,836	3,661	3,472	4,224	4,002	5,337	5,825	-1,653	-404	997	2,409	10,734	13,696	14,499	15,400	12,917	10,747	9,861	9,158	9,495	9,722	9,102	8,733	8,643	6,134	6,148	6,502	7,403	8,330	0	0	0
Net loss
-33,604	-18,786	-68,040	-70,568	-68,741	-62,314	-18,430	-19,825	-19,736	-16,197	-14,116	-11,371	-12,017	-11,297	-18,530	-27,961	-16,985	-16,660	-3,704	13,105	12,733	15,983	19,433	15,910	15,077	16,544	14,590	15,356	13,302	12,021	10,581	12,883	12,223	9,752	8,181	-8,346	0	0	0
Less: Net loss (income) attributable to:
Less: Net loss attributable to non-redeemable, non-controlling interest
410	370	314	139	139	139	-29	-39	-30	-21	156	327	183	210	252	107	293	314	314	322	322	348	321	308	281	208	0	0	0	-	-	-	-	-	-	-	-	-	-
Less: Net income (loss) attributable to Non-redeemable, non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	202	259	0	0	0
Redeemable, non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net loss attributable to RigNet, Inc. stockholders
-34,014	-19,156	-68,354	-70,707	-68,880	-62,453	-18,401	-19,786	-19,706	-16,176	-14,272	-11,698	-12,200	-11,507	-18,782	-28,068	-17,278	-16,974	-4,018	12,783	12,411	15,635	19,112	15,602	14,796	16,336	14,322	15,213	13,205	11,882	10,475	12,688	11,955	9,518	7,979	-8,615	0	0	0
COMPREHENSIVE LOSS
Net loss
-33,604	-18,786	-68,040	-70,568	-68,741	-62,314	-18,430	-19,825	-19,736	-16,197	-14,116	-11,371	-12,017	-11,297	-18,530	-27,961	-16,985	-16,660	-3,704	13,105	12,733	15,983	19,433	15,910	15,077	16,544	14,590	15,356	13,302	12,021	10,581	12,883	12,223	9,752	8,181	-8,346	0	0	0
Foreign currency translation
-7,563	-248	-2,536	-3,520	-5,890	-4,448	-4,827	807	3,904	3,165	1,322	-778	-3,816	-4,135	-3,185	-7,417	-2,029	-7,154	-10,767	-10,298	-12,712	-7,117	-2,143	5,536	3,209	-2,394	119	0	0	-	0	-	-	-	-	-	-	-	-
Foreign currency translation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	-	-	-
Foreign currency translation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Comprehensive loss
-41,167	-19,034	-70,576	-74,088	-74,631	-66,762	-23,257	-19,018	-15,832	-13,032	-12,794	-12,149	-15,833	-15,432	-21,715	-35,378	-19,014	-23,814	-14,471	2,807	21	8,866	17,290	21,446	18,286	14,150	13,083	12,939	11,037	15,460	12,349	10,712	11,896	9,137	0	0	0	-	-
Less: Comprehensive income attributable to non-controlling interest
410	370	314	139	139	139	-29	-39	-30	-21	156	327	183	210	252	107	293	314	314	322	322	348	321	308	281	208	268	143	97	139	154	195	268	234	0	0	0	-	-
Comprehensive loss attributable to RigNet, Inc. stockholders
-41,577	-19,404	-70,890	-74,227	-74,770	-66,901	-23,228	-18,979	-15,802	-13,011	-12,950	-12,476	-16,016	-15,642	-21,967	-35,485	-19,307	-24,128	-14,785	2,485	-301	8,518	16,969	21,138	18,005	13,942	12,815	12,796	10,940	15,321	12,243	10,517	11,628	8,903	9,484	-6,907	0	0	0
LOSS PER SHARE - BASIC AND DILUTED
Net loss attributable to RigNet, Inc. common stockholders
-34,014	-19,156	-68,354	-70,707	-68,880	-62,453	-18,401	-19,786	-19,706	-16,176	-14,272	-11,698	-12,200	-11,507	-18,782	-28,068	-17,278	-16,974	-4,018	12,783	12,411	15,635	19,112	15,602	14,796	16,336	14,322	15,213	13,205	11,882	10,475	12,688	11,955	9,518	7,979	-8,615	0	0	0
Less: Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Less: Adjustment to redeemable, non-controlling interest redemption value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income (loss) attributable to RigNet, Inc. common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,994	-10,398	0	0	0
Net loss per share attributable to RigNet, Inc. common stockholders, basic
-1.34	0.00	-0.02	-0.32	-0.63	-2.65	-0.15	-0.23	-0.31	-0.32	-0.23	-0.24	-0.11	-0.21	-0.09	-0.27	-0.08	-0.64	-0.62	0.35	-0.06	0.11	0.34	0.32	0.13	0.31	0.15	0.30	0.24	0.21	0.21	0.18	0.16	0.13	0.35	0.14	0.00	-0.10	-2.24
Net loss per share attributable to RigNet, Inc. common stockholders, diluted
-1.34	0.00	-0.02	-0.32	-0.63	-2.65	-0.15	-0.23	-0.31	-0.32	-0.23	-0.24	-0.11	-0.21	-0.09	-0.27	-0.08	-0.63	-0.62	0.34	-0.06	0.11	0.33	0.31	0.12	0.30	0.13	0.28	0.22	0.20	0.19	0.17	0.14	0.12	0.32	0.13	0.00	-0.10	-2.24
Weighted average shares outstanding, basic
20,081	21,327	19,970	19,082	18,949	19,162	18,905	18,639	18,146	18,092	18,086	17,985	17,873	18,043	17,782	17,634	17,613	17,607	17,567	17,499	17,463	17,084	17,443	17,490	17,267	17,202	16,148	15,963	15,759	15,687	15,647	15,566	15,464	15,444	15,443	15,420	15,241	5,319	5,319
Weighted average shares outstanding, diluted
20,081	21,327	19,970	19,082	18,949	19,162	18,905	18,639	18,146	18,092	18,086	17,985	17,873	18,043	17,782	17,634	17,613	17,213	17,567	17,893	17,463	17,508	17,987	18,108	17,993	17,791	17,630	17,480	17,327	17,039	17,104	16,977	16,948	18,281	16,840	16,894	15,241	5,319	5,319