SLEEP NUMBER CORPORATION SNBR Income Statement

Sleep number corporation (SNBR)

Income statement / Quarterly

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
Net sales
472,566	441,166	474,778	355,963	426,445	411,825	414,779	316,338	388,633	363,279	402,646	284,673	393,899	313,445	367,988	276,878	352,980	214,682	373,919	275,289	349,809	322,216	323,366	234,763	276,412	230,854	263,689	207,391	258,237	220,559	246,817	205,219	262,383	189,073	199,600	161,462	193,068	160,103	138,952
Cost of sales
170,435	165,052	178,388	138,777	164,212	160,746	164,262	127,450	151,156	142,475	149,181	108,054	147,440	115,963	135,645	105,617	143,906	93,939	140,283	104,750	133,976	127,730	124,782	92,366	105,029	90,333	97,269	75,993	94,821	80,612	86,088	73,648	98,084	70,095	73,838	58,958	69,967	60,114	52,487
Gross profit
302,131	276,114	296,390	217,186	262,233	251,079	250,517	188,888	237,477	220,804	253,465	176,619	246,459	197,482	232,343	171,261	209,074	120,743	233,636	170,539	215,833	194,486	198,584	142,397	171,383	140,521	166,420	131,398	163,416	139,947	160,729	131,571	164,299	118,978	125,762	102,504	123,101	99,989	86,465
Operating expenses:
Sales and marketing
207,744	198,123	213,133	168,839	186,827	175,899	188,458	151,106	171,917	161,793	174,800	144,498	169,266	152,368	158,024	134,785	150,668	126,446	156,899	126,627	140,503	142,410	137,863	106,712	125,022	112,679	118,307	98,357	109,813	102,062	101,718	88,240	106,185	82,778	83,936	70,517	80,271	68,252	62,981
General and administrative
31,072	35,490	35,098	33,045	34,323	29,431	29,385	28,828	31,734	32,036	32,645	28,819	33,769	23,472	28,278	27,018	30,906	19,258	27,817	23,880	28,254	21,681	23,022	21,265	18,896	16,184	15,055	15,374	15,820	16,680	16,936	16,220	16,929	15,032	14,331	13,120	15,623	14,286	12,934
Research and development
10,501	9,510	9,007	8,057	8,376	7,629	7,353	6,868	6,925	6,856	6,991	6,363	7,596	6,330	6,997	7,062	7,602	5,696	3,521	3,403	3,351	2,508	2,353	1,709	1,663	2,003	2,359	2,560	2,556	1,906	1,742	1,256	1,290	1,192	1,029	1,223	731	454	613
CEO transition (benefit) costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,595	0	0	0	0	-	-
Asset impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	3	4	6	7	18	78	217	0
Total operating expenses
249,317	243,123	257,238	209,941	229,526	212,959	225,196	186,802	210,576	200,685	214,436	179,680	210,631	182,170	193,299	168,865	189,176	151,400	188,237	153,910	172,108	166,599	163,238	129,686	145,581	130,866	135,721	116,291	128,189	120,533	120,504	105,719	130,003	99,008	99,303	84,878	96,703	83,209	76,528
Operating income
52,814	32,991	39,152	7,245	32,707	38,120	25,321	2,086	26,901	20,119	39,029	-3,061	35,828	15,312	39,044	2,396	19,898	-30,657	45,399	16,629	43,725	27,887	35,346	12,711	25,802	9,655	30,699	15,107	35,227	19,414	40,225	25,852	34,296	19,970	26,459	17,626	26,398	16,780	9,937
Interest expense, net
-2,344	-2,619	-3,131	-3,228	-2,609	-	-1,836	-1,453	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense, net
-	-	-	-	-	-	-	-	-525	-	-248	-282	-138	-136	-255	-229	-97	-30	78	133	153	86	96	78	102	80	74	78	91	90	73	48	7	4	23	-30	-30	-50	56
Income before income taxes
50,470	30,372	36,021	4,017	30,098	36,027	23,485	633	26,376	19,910	38,781	-3,343	35,690	15,176	38,789	2,167	19,801	-30,687	45,477	16,762	43,878	27,973	35,442	12,789	25,904	9,735	30,773	15,185	35,318	19,504	40,298	25,900	34,303	19,974	26,482	17,596	26,368	16,730	9,881
Income tax expense
11,330	6,279	7,967	-263	4,680	9,037	5,228	-3,111	5,828	4,119	13,178	-2,565	11,229	3,889	13,044	751	6,832	-9,515	13,623	5,724	15,079	9,026	11,888	4,308	8,912	3,310	10,514	5,259	11,847	7,009	14,089	8,927	11,886	4,604	9,246	6,307	9,785	6,242	3,679
Net income
39,140	24,093	28,054	4,280	25,418	26,990	18,257	3,744	20,548	15,791	25,603	-778	24,461	11,287	25,745	1,416	12,969	-21,172	31,854	11,038	28,799	18,947	23,554	8,481	16,992	6,425	20,259	9,926	23,471	12,495	26,209	16,973	22,417	15,370	17,236	11,289	16,583	10,488	6,202
Basic net income per share:
Net income per share – basic (in dollars per share)
1.40	0.85	0.96	0.14	0.83	0.80	0.53	0.10	0.54	0.40	0.63	-0.02	0.57	0.25	0.56	0.03	0.27	-0.40	0.63	0.21	0.55	0.36	0.44	0.16	0.31	0.12	0.37	0.18	0.43	0.24	0.47	0.30	0.40	0.28	0.31	0.21	0.30	0.19	0.12
Weighted-average shares – basic
27,858	28,310	29,085	29,873	30,620	32,411	34,231	36,138	38,244	39,627	40,755	41,716	42,750	44,501	45,621	46,394	48,100	50,045	50,945	51,672	52,346	52,776	53,271	53,648	54,113	54,486	54,854	55,029	55,095	55,261	55,444	55,719	55,640	55,426	55,214	54,958	54,726	54,129	53,911
Diluted net income per share:
Net income per share – diluted (in dollars per share)
1.36	0.82	0.94	0.14	0.80	0.78	0.52	0.10	0.52	0.39	0.62	-0.02	0.56	0.24	0.56	0.03	0.27	-0.40	0.62	0.21	0.54	0.34	0.44	0.16	0.31	0.12	0.36	0.18	0.42	0.22	0.46	0.30	0.39	0.26	0.31	0.20	0.30	0.19	0.11
Weighted-average shares – diluted
28,772	29,355	29,796	30,531	31,738	33,430	35,039	36,844	39,347	41,397	41,515	41,716	43,712	45,369	46,350	47,044	48,845	50,833	51,701	52,544	53,326	53,633	53,971	54,324	54,844	55,226	55,748	55,987	56,251	56,484	56,986	57,394	57,440	56,849	56,495	56,407	55,977	55,243	55,253