| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Net revenue | |||||||||
1,961,820 | 1,190,202 | 1,134,224 | 1,059,429 | 921,580 | 783,642 | 640,624 | 473,270 | 307,707 | 246,432 |
Cost of net revenue | |||||||||
961,575 | 619,650 | 566,117 | 528,078 | 452,720 | 369,593 | 294,857 | 219,542 | 134,491 | 111,648 |
Restructuring | |||||||||
0 | 1,475 | 0 | 0 | - | - | - | - | - | - |
Gross profit | |||||||||
1,000,245 | 569,077 | 568,107 | 531,351 | 468,860 | 414,049 | 345,767 | 253,728 | 173,216 | 134,784 |
Operating expenses: | |||||||||
Technology and development | |||||||||
177,001 | 168,383 | 166,909 | 155,318 | 133,623 | 108,995 | 85,746 | 65,675 | 48,393 | 46,003 |
Sales and marketing | |||||||||
505,833 | 197,708 | 233,585 | 236,749 | 216,035 | 189,985 | 148,806 | 113,952 | 59,284 | 44,870 |
General and administrative | |||||||||
197,340 | 117,797 | 118,503 | 121,019 | 112,957 | 93,011 | 70,502 | 58,710 | 40,764 | 35,201 |
Capital lease termination | |||||||||
0 | -8,098 | 0 | 0 | - | - | - | - | - | - |
Restructuring | |||||||||
4,618 | 15,491 | 0 | 0 | - | - | - | - | - | - |
Total operating expenses | |||||||||
884,792 | 507,477 | 518,997 | 513,086 | 462,615 | 391,991 | 305,054 | 238,337 | 148,441 | 126,074 |
Loss from operations | |||||||||
115,453 | 61,600 | 49,110 | 18,265 | 6,245 | 22,058 | 40,713 | 15,391 | 24,775 | 8,710 |
Interest expense | |||||||||
61,239 | 27,836 | 23,023 | 20,998 | 16,732 | 9,446 | 597 | 64 | 42 | 157 |
Interest and other income, net | |||||||||
5,444 | 1,481 | 501 | 744 | 508 | 308 | 42 | 35 | 482 | 814 |
Loss before income taxes | |||||||||
59,658 | 35,245 | 26,588 | -1,989 | -9,979 | 12,920 | 40,158 | 15,362 | 25,215 | 9,367 |
Benefit from income taxes | |||||||||
9,262 | 5,160 | 10,682 | -1,146 | -2,119 | 3,635 | 17,160 | 1,314 | 8,088 | 3,514 |
Net loss | |||||||||
50,396 | 30,085 | 15,906 | -843 | -7,860 | 9,285 | 22,998 | 14,048 | 17,127 | 5,853 |
Net income per share: | |||||||||
Basic (in dollars per share) | |||||||||
1.52 | 0.91 | 0.47 | -0.02 | -0.20 | 0.25 | 0.64 | 0.43 | 0.63 | 0.23 |
Diluted (in dollars per share) | |||||||||
1.45 | 0.88 | 0.45 | -0.02 | -0.20 | 0.24 | 0.61 | 0.40 | 0.59 | 0.22 |
Weighted average shares: | |||||||||
Basic (in shares) | |||||||||
33,258 | 33,113 | 34,097 | 36,761 | 38,452 | 37,680 | 35,826 | 32,788 | 27,025 | 25 |
Diluted (in shares) | |||||||||
34,832 | 34,106 | 35,190 | 36,761 | 38,452 | 39,493 | 37,432 | 35,007 | 29,249 | 26 |
Cost of net revenues | |||||||||
- | - | - | - | - | - | - | - | - | 416 |
Technology and development | |||||||||
- | - | - | - | - | - | - | - | - | 3,340 |
Sales and marketing | |||||||||
- | - | - | - | - | - | - | - | - | 3,577 |
General and administrative | |||||||||
- | - | - | - | - | - | - | - | - | 6,940 |