SPS COMMERCE, INC. SPSC Income Statement

Sps commerce, inc. (SPSC)

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
Revenues
74,192	72,733	70,928	68,529	66,934	65,189	62,868	61,091	59,092	58,057	56,057	54,092	51,879	50,919	49,284	47,351	45,599	42,348	40,354	38,846	36,970	35,402	32,506	31,100	28,939	27,973	27,008	25,658	23,752	22,484	20,267	17,821	16,534	15,854	15,529	13,937	12,649	11,491	10,944
Cost of revenues
23,544	23,909	23,263	23,700	21,367	21,177	20,411	20,402	19,758	19,459	18,645	18,191	17,330	17,322	16,171	15,972	14,881	13,436	12,700	12,335	11,572	11,139	9,970	9,627	9,255	8,523	8,249	7,943	7,066	6,804	5,945	4,843	4,448	4,219	4,076	3,750	3,321	3,211	3,101
Gross profit
50,648	48,824	47,665	44,829	45,567	44,012	42,457	40,689	39,334	38,598	37,412	35,901	34,549	33,597	33,113	31,379	30,718	28,912	27,654	26,511	25,398	24,263	22,536	21,473	19,684	19,450	18,759	17,715	16,686	15,680	14,322	12,978	12,086	11,635	11,453	10,187	9,328	8,280	7,843
Operating expenses
Sales and marketing
18,299	17,736	16,937	17,545	17,922	17,696	16,952	18,424	18,647	18,280	17,638	18,320	17,023	17,784	16,526	16,677	15,889	13,734	13,795	14,101	13,744	12,490	12,046	11,570	10,884	10,458	10,291	9,647	9,225	8,778	7,840	6,972	6,447	6,454	6,404	5,852	5,126	4,139	4,122
Research and development
7,568	7,861	7,743	6,509	6,192	6,516	5,146	5,293	5,132	6,160	6,549	5,369	5,105	5,796	5,574	5,542	5,069	4,896	4,494	4,495	4,069	3,817	3,338	3,365	2,974	2,904	2,806	2,657	2,503	2,516	2,088	1,830	1,732	1,579	1,605	1,414	1,240	1,108	1,067
General and administrative
11,909	11,045	10,725	10,179	12,770	10,584	11,174	9,974	10,130	12,752	8,743	8,139	7,827	7,311	7,149	7,082	7,285	6,668	6,276	6,055	5,818	5,727	5,153	4,842	4,511	4,647	4,284	4,211	4,047	3,445	3,726	3,165	3,188	2,943	2,914	2,839	2,455	2,165	1,975
Amortization of intangible assets
1,336	1,418	1,327	1,266	1,304	1,007	928	1,033	1,125	1,114	1,128	1,117	1,215	1,185	1,194	1,198	1,161	800	829	833	845	812	645	682	717	717	1,007	717	717	717	530	260	260	-	260	123	-	-	-
Total operating expenses
39,112	38,060	36,732	35,499	38,188	35,803	34,200	34,724	35,034	38,306	34,058	32,945	31,170	32,076	30,443	30,499	29,404	26,098	25,394	25,484	24,476	22,846	21,182	20,459	19,086	18,726	18,388	17,232	16,492	15,456	14,184	12,227	11,627	11,236	11,183	10,228	8,821	7,412	7,164
Income from operations
11,536	10,764	10,933	9,330	7,379	8,209	8,257	5,965	4,300	292	3,354	2,956	3,379	1,521	2,670	880	1,314	2,814	2,260	1,027	922	1,417	1,354	1,014	598	724	371	483	194	224	138	751	459	399	270	-41	507	868	679
Other income (expense)
Interest income, net
640	714	843	813	577	740	628	547	414	327	272	242	191	193	112	151	145	74	49	37	37	36	52	50	49	36	31	22	23	-15	6	13	15	15	16	26	32	104	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	-	-	-	-	-	-	8	13
Other expense, net
-1,241	244	-165	240	-47	-85	-219	-168	-154	37	-195	-102	-60	-134	947	-374	293	110	-86	-57	-112	-401	-36	35	-56	-52	37	-48	-84	-78	-67	-38	-65	-78	-28	-16	-18	-85	10
Change in earn-out liability
72	-79	-22	-400	56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense), net
-673	1,037	700	1,453	474	561	409	379	260	364	77	140	131	59	1,059	-223	438	184	-37	-20	-75	-365	16	85	-7	-16	68	-26	-61	-66	-88	-25	-50	-63	-12	10	14	11	-3
Income before income taxes
10,863	11,801	11,633	10,783	7,853	8,770	8,666	6,344	4,560	656	3,431	3,096	3,510	1,580	3,729	657	1,752	2,998	2,223	1,007	847	1,052	1,370	1,099	591	708	439	457	133	158	50	726	409	336	258	-31	521	879	676
Income tax expense
1,348	2,639	2,692	1,987	1,040	1,629	605	928	1,306	7,434	1,255	1,128	525	522	1,220	305	708	866	953	356	261	198	532	460	218	414	169	169	-66	-208	-124	300	153	-12,807	81	78	29	-7	38
Net income
9,515	9,162	8,941	8,796	6,813	7,141	8,061	5,416	3,254	-6,778	2,176	1,968	2,985	1,058	2,509	352	1,044	2,132	1,270	651	586	854	838	639	373	294	270	288	199	366	174	426	256	13,143	177	-109	492	886	638
Other comprehensive income (expense)
Foreign currency translation adjustments
-3,864	1,217	-958	291	740	-1,844	76	-1,176	-1,055	-347	1,779	935	1,577	-2,072	443	-856	2,821	2,191	-1,733	-1,278	-1,299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on investments, net of tax of $24 and $30
71	52	115	110	90	133	123	102	39	-	17	-9	-8	-29	-80	24	76	-	13	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of gain on investments into earnings, net of tax of ($26) and ($31)
79	72	145	88	93	82	33	134	24	9	-72	8	16	-	-22	-	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income (expense)
-3,872	-	-988	313	737	-	166	-1,208	-1,040	-	-	-	-	-	-	-	3,940	-	-450	-621	-713	-616	838	639	373	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
5,643	10,359	7,953	9,109	7,550	5,348	8,227	4,208	2,214	-7,134	4,044	2,886	4,538	-	2,894	-480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per share
Basic
0.27	0.01	0.26	0.50	0.19	-0.05	0.23	0.32	0.19	-0.40	0.13	0.11	0.17	0.06	0.15	0.02	0.06	0.12	0.08	0.04	0.04	0.06	0.05	0.04	0.02	0.02	0.02	0.02	0.01	0.03	0.01	0.03	0.02	1.11	0.01	-0.01	0.04	0.08	0.08
Diluted
0.26	0.01	0.25	0.49	0.19	-0.05	0.23	0.31	0.19	-0.40	0.13	0.11	0.17	0.07	0.14	0.02	0.06	0.13	0.07	0.04	0.03	0.05	0.05	0.04	0.02	0.02	0.02	0.02	0.01	0.03	0.01	0.03	0.02	1.04	0.01	-0.01	0.04	0.07	0.05
Weighted average common shares used to compute net income per share
Basic
35,072	52,634	35,015	17,505	34,942	68,874	34,438	17,163	17,093	85,889	17,223	17,198	17,154	17,095	17,001	16,909	16,783	16,686	16,605	16,536	16,433	16,325	16,254	16,210	16,155	15,621	15,223	15,076	14,884	14,735	13,042	12,284	12,163	12,087	11,970	11,919	11,864	11,620	8,301
Diluted
35,926	54,082	35,932	18,010	35,984	70,510	35,482	17,549	17,307	86,667	17,410	17,378	17,393	17,474	17,341	17,120	17,029	17,065	17,054	16,998	17,011	16,878	16,780	16,768	16,830	16,389	15,986	15,785	15,564	15,535	13,894	13,026	13,185	13,624	12,735	11,919	12,698	12,413	11,844