SPS COMMERCE, INC. SPSC Income Statement

Sps commerce, inc. (SPSC)

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
Revenues
286,382	279,124	271,580	263,520	256,082	248,240	241,108	234,297	227,298	220,085	212,947	206,174	199,433	193,153	184,582	175,652	167,147	158,518	151,572	143,724	135,978	127,947	120,518	115,020	109,578	104,391	98,902	92,161	84,324	77,106	70,476	65,738	61,854	57,969	53,606	49,021	0	0	0
Cost of revenues
94,416	92,239	89,507	86,655	83,357	81,748	80,030	78,264	76,053	73,625	71,488	69,014	66,795	64,346	60,460	56,989	53,352	50,043	47,746	45,016	42,308	39,991	37,375	35,654	33,970	31,781	30,062	27,758	24,658	22,040	19,455	17,586	16,493	15,366	14,358	13,383	0	0	0
Gross profit
191,966	186,885	182,073	176,865	172,725	166,492	161,078	156,033	151,245	146,460	141,459	137,160	132,638	128,807	124,122	118,663	113,795	108,475	103,826	98,708	93,670	87,956	83,143	79,366	75,608	72,610	68,840	64,403	59,666	55,066	51,021	48,152	45,361	42,603	39,248	35,638	0	0	0
Operating expenses
Sales and marketing
70,517	70,140	70,100	70,115	70,994	71,719	72,303	72,989	72,885	71,261	70,765	69,653	68,010	66,876	62,826	60,095	57,519	55,374	54,130	52,381	49,850	46,990	44,958	43,203	41,280	39,621	37,941	35,490	32,815	30,037	27,713	26,277	25,157	23,836	21,521	19,239	0	0	0
Research and development
29,681	28,305	26,960	24,363	23,147	22,087	21,731	23,134	23,210	23,183	22,819	21,844	22,017	21,981	21,081	20,001	18,954	17,954	16,875	15,719	14,589	13,494	12,581	12,049	11,341	10,870	10,482	9,764	8,937	8,166	7,229	6,746	6,330	5,838	5,367	4,829	0	0	0
General and administrative
43,858	44,719	44,258	44,707	44,502	41,862	44,030	41,599	39,764	37,461	32,020	30,426	29,369	28,827	28,184	27,311	26,284	24,817	23,876	22,753	21,540	20,233	19,153	18,284	17,653	17,189	15,987	15,429	14,383	13,524	13,022	12,210	11,884	11,151	10,373	9,434	0	0	0
Amortization of intangible assets
5,347	5,315	4,904	4,505	4,272	4,093	4,200	4,400	4,484	4,574	4,645	4,711	4,792	4,738	4,353	3,988	3,623	3,307	3,319	3,135	2,984	2,856	2,761	3,123	3,158	3,158	3,158	2,681	2,224	1,767	1,310	903	0	-	0	0	-	-	-
Total operating expenses
149,403	148,479	146,222	143,690	142,915	139,761	142,264	142,122	140,343	136,479	130,249	126,634	124,188	122,422	116,444	111,395	106,380	101,452	98,200	93,988	88,963	83,573	79,453	76,659	73,432	70,838	67,568	63,364	58,359	53,494	49,274	46,273	44,274	41,468	37,644	33,625	0	0	0
Income from operations
42,563	38,406	35,851	33,175	29,810	26,731	18,814	13,911	10,902	9,981	11,210	10,526	8,450	6,385	7,678	7,268	7,415	7,023	5,626	4,720	4,707	4,383	3,690	2,707	2,176	1,772	1,272	1,039	1,307	1,572	1,747	1,879	1,087	1,135	1,604	2,013	0	0	0
Other income (expense)
Interest income, net
3,010	2,947	2,973	2,758	2,492	2,329	1,916	1,560	1,255	1,032	898	738	647	601	482	419	305	197	159	162	175	187	187	166	138	112	61	36	27	19	49	59	72	89	178	0	0	0	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	0	0
Other expense, net
-922	272	-57	-111	-519	-626	-504	-480	-414	-320	-491	651	379	732	976	-57	260	-145	-656	-606	-514	-458	-109	-36	-119	-147	-173	-277	-267	-248	-248	-209	-187	-140	-147	-109	0	0	0
Change in earn-out liability
-429	-445	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense), net
2,517	3,664	3,188	2,897	1,823	1,609	1,412	1,080	841	712	407	1,389	1,026	1,333	1,458	362	565	52	-497	-444	-339	-271	78	130	19	-35	-85	-241	-240	-229	-226	-150	-115	-51	23	32	0	0	0
Income before income taxes
45,080	42,070	39,039	36,072	31,633	28,340	20,226	14,991	11,743	10,693	11,617	11,915	9,476	7,718	9,136	7,630	7,980	7,075	5,129	4,276	4,368	4,112	3,768	2,837	2,195	1,737	1,187	798	1,067	1,343	1,521	1,729	972	1,084	1,627	2,045	0	0	0
Income tax expense
8,666	8,358	7,348	5,261	4,202	4,468	10,273	10,923	11,123	10,342	3,430	3,395	2,572	2,755	3,099	2,832	2,883	2,436	1,768	1,347	1,451	1,408	1,624	1,261	970	686	64	-229	-98	121	-12,478	-12,273	-12,495	-12,619	181	138	0	0	0
Net income
36,414	33,712	31,691	30,811	27,431	23,872	9,953	4,068	620	351	8,187	8,520	6,904	4,963	6,037	4,798	5,097	4,639	3,361	2,929	2,917	2,704	2,144	1,576	1,225	1,051	1,123	1,027	1,165	1,222	13,999	14,002	13,467	13,703	1,446	1,907	0	0	0
Other comprehensive income (expense)
Foreign currency translation adjustments
-3,314	1,290	-1,771	-737	-2,204	-3,999	-2,502	-799	1,312	3,944	2,219	883	-908	336	4,599	2,423	2,001	-2,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on investments, net of tax of $24 and $30
348	367	448	456	448	397	0	0	0	-	-29	-126	-93	-9	33	119	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of gain on investments into earnings, net of tax of ($26) and ($31)
384	398	408	296	342	273	200	95	-31	-39	0	0	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income (expense)
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	7,114	-	-2,400	-1,112	148	1,234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
33,064	34,971	29,960	30,234	25,333	19,997	7,515	3,332	2,010	4,334	14,362	9,838	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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