SOLARWINDS, INC. SWI Income Statement

Solarwinds, inc. (SWI)

Income statement / TTM

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:
License
171,288	168,761	167,806	161,795	156,282	147,884	141,465	135,839	129,365	129,015	127,252	123,984	116,202	107,716	99,331	92,254	87,821	79,563	0	0	0
Maintenance and other
266,903	257,221	247,700	238,892	228,450	216,889	204,227	191,491	178,306	165,738	154,951	144,980	134,841	125,552	115,720	106,104	96,082	85,900	0	0	0
Subscription
47,741	41,187	34,091	28,027	22,636	17,596	12,692	8,055	4,151	929	0	-	0	0	-	-	-	-	-	-	-
Total revenue
485,932	467,169	449,597	428,714	407,368	382,369	358,384	335,385	311,822	295,682	282,203	268,964	251,043	233,268	215,051	198,358	183,903	165,463	0	0	0
Cost of license revenue
17,026	16,759	16,500	16,394	15,691	14,237	12,981	11,633	10,646	10,080	9,084	8,203	7,006	6,263	5,212	4,097	3,401	2,526	0	0	0
Cost of maintenance and other revenue
17,034	16,251	15,996	15,315	14,330	13,307	12,198	11,612	11,461	11,030	10,674	10,197	9,526	9,216	8,564	7,892	7,227	6,484	0	0	0
Cost of subscription revenue
18,299	16,430	14,421	12,657	11,512	9,510	7,134	4,671	2,046	0	0	-	0	-	-	-	-	-	-	-	-
Cost of subscription revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Gross profit
433,573	417,729	402,680	384,348	365,835	345,315	326,071	307,469	287,669	274,037	262,445	250,564	234,511	217,789	201,275	186,369	173,275	156,453	0	0	0
Operating expenses:
Sales and marketing
172,765	165,771	157,832	148,420	139,523	127,947	112,969	99,289	86,295	79,479	76,786	73,046	68,441	63,488	58,683	53,850	49,691	46,186	0	0	0
Research and development
63,652	59,959	58,709	56,479	53,676	49,473	43,808	37,514	33,577	31,233	29,944	28,769	26,506	24,860	22,965	21,332	19,694	17,950	0	0	0
General and administrative
78,061	77,717	81,581	77,172	71,627	66,736	55,027	48,919	43,730	39,635	36,451	35,079	34,200	31,908	29,855	28,076	25,843	25,772	0	0	0
Accrued earnout gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Total operating expenses
314,478	303,447	298,122	282,071	264,826	244,156	211,804	185,722	163,602	150,347	143,181	136,894	130,083	119,592	110,839	102,594	93,628	89,908	0	0	0
Operating income
119,095	114,282	104,558	102,277	101,009	101,159	114,267	121,747	124,067	123,690	119,264	113,670	104,428	98,197	90,436	83,775	79,647	66,545	0	0	0
Other income (expense):
Interest income
430	419	394	363	318	324	351	396	436	0	0	-	0	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Interest expense
577	440	568	684	792	650	434	215	0	0	0	-	-	-	-	-	-	-	-	-	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	249	0	0	0	-
Other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other income, net
3,185	2,885	542	640	518	274	-79	-425	-119	-23	284	419	740	1,187	1,010	720	-153	-823	0	0	0
Total other income
3,038	2,864	368	319	44	-52	-162	-244	328	445	749	849	1,141	1,565	1,351	1,028	96	0	0	0	-
Income before income taxes
122,133	117,146	104,926	102,596	101,053	101,107	114,105	121,503	124,395	124,135	120,013	114,519	105,569	99,762	91,787	84,803	79,743	65,882	0	0	0
Income tax expense
31,842	29,747	26,293	24,483	24,748	26,100	29,680	31,725	33,477	33,554	32,802	33,176	30,231	26,022	23,923	22,360	21,435	20,126	0	0	0
Net income
90,291	87,399	78,633	78,113	76,305	75,007	84,425	89,778	90,918	90,581	87,211	81,343	75,338	73,740	67,864	62,443	58,308	45,756	0	0	0
Net income per share:
Basic earnings per share (in dollars per share)
0.37	0.29	0.24	0.30	0.32	0.18	0.23	0.28	0.30	0.30	0.31	0.31	0.30	0.26	0.23	0.22	0.29	0.19	0.16	0.18	0.12
Diluted earnings per share (in dollars per share)
0.36	0.29	0.24	0.29	0.32	0.18	0.23	0.27	0.30	0.30	0.30	0.29	0.29	0.26	0.23	0.22	0.28	0.18	0.16	0.17	0.11
Weighted average shares used to compute net income per share:
Shares used in computation of basic earnings per share (in shares)
73,808	76,476	76,205	75,778	75,508	75,411	75,207	75,120	75,371	75,250	74,987	74,544	74,344	74,033	73,743	73,214	72,947	72,719	72,368	68,668	68,202
Shares used in computation of diluted earnings per share (in shares)
74,476	77,400	77,191	76,891	76,463	76,296	76,198	76,170	76,466	76,592	76,672	76,549	76,303	75,848	75,440	74,846	74,457	74,346	74,003	72,511	73,287